Tag Archives: mortgage rates

CMHC LOAN INSURANCE – HOW IT WORKS & HOW IT CAN BE IMPROVED

SOURCE: DAVID LAROCK In many ways, our government run CMHC mortgage loan insurance program works a bit like the typical Bank of Mom and Dad. When lenders find people who need mortgage loans and don’t have a down payment of at … Continue reading

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CMHC CHANGES ITS MORTGAGE INSURANCE PRODUCT OFFERING

Source: Canada Mortgage & Housing Corporation As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can … Continue reading

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FINANCING A SECOND HOME

Source: Lindsay Blair, Mortgage Agent There have been a lot of inquiries about second homes and the guidelines for lending over the past few weeks, so I though I would answer that “what’s” of second home properties today! What is … Continue reading

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RENTAL PROPERTIES – SOMETHING TO CONSIDER FOR ANY CLIENT

Lindsay Blair, Mortgage Specialist, Dominion Lending Centre Metro City Mortgages Securing Your Cash-flow for the Long term Owning investment properties has served to be a good investment of the last few decades. The increase in appreciation to the properties and … Continue reading

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WHAT’S HAPPENING WITH RATES?

Not to long ago around a month or so, you could find variable-rate mortgages at prime – 0.8% or better. Not only did consumers hope they would stay, many thought that they would never consider a fixed rate mortgage again. … Continue reading

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THIS WEEK ON MORTGAGES – TO SWITCH OR NOT TO SWITCH?

We all know it pays to shop around for a mortgage when purchasing a home. But how many of us actually shop around when it is time to RENEW our mortgage? If you are like many people you get that nice … Continue reading

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KEY INTEREST RATE HOLDS STEADY

Mortgagebrokernews.ca The Bank of Canada will keep its pivotal overnight interest rates unchanged at 1%, with governor Mark Carney once again refusing to pinpoint when exactly he’ll nudge it upward. Tuesday’s move – or rather, the absence of a move … Continue reading

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