-
Recent Posts
Calendar
Archives
Categories
Meta
Category Archives: General Mortgage Info
Home equity loans leave Canadians vulnerable, BoC says
OTTAWA — The Bank of Canada is again underscoring its concerns about rising household debt and home prices. And it’s not necessarily mortgage debt the central bank is most concerned about — it’s the money Canadians borrow by using their … Continue reading
Posted in Bank of Canada, General Economy, General Mortgage Info, Mortgage Refinancing
Tagged household debt
Leave a comment
U.S. to sue big banks over bad mortgages
WASHINGTON – The agency that oversees U.S. mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York … Continue reading
Posted in General Mortgage Info, Sub-Prime Mortgages
Tagged Financial crisis, US banks
Leave a comment
Don’t be afraid to leave your bank for a better rate
Are the banks doing an incredible job of retaining customers or are Canadians just too lazy to shop around when renewing their mortgages? One finding of a survey by Canada Mortgage and Housing Corp. released this week was that 89% … Continue reading
Posted in First Time Buyers, General Mortgage Info, Mortgage Rates
Tagged Mortgage rates, mortgage renewals
Leave a comment
TD raising mortgage rates to reflect borrowing cost
TORONTO — TD Canada Trust (TSX:TD) is raising most of its fixed-term mortgage rates, a move that reflects the bank’s increased cost of funds on bond markets. TD says the biggest increases will be for mortgages with terms of five … Continue reading
Mortgage consultant offers tips for paying off the mortgage faster, easier
For many homeowners, paying off the mortgage is a primary consideration. Feisal Panjwani, senior mortgage consultant with Invis Inc. in Surrey, B.C., offers tips to help realize that goal: ? Raising payment amounts to shorten the mortgage’s amortization period. ? … Continue reading
More Canadian banks cut mortgage rates
More of Canada’s biggest banks slashed their residential mortgage rates Wednesday, a day after Royal Bank of Canada started the latest round of cuts. Toronto-Dominion Bank cut its four-, five-, seven- and 10-year fixed rate mortgages to 4.99% (-0.15%), 5.34% … Continue reading
Royal Bank cuts mortgage rates
The Royal Bank of Canada slashed residential mortgage rates by as much as 20 basis points on several of its offerings Tuesday. The bank’s special closed four- and five-year fixed rate offers have both been cut to 4.19%, a 15 … Continue reading
Get finances ready before house hunting
Buying your first home is a daunting process -not only is there the concern over owing so much money in what are still, for many, uncertain economic times, there are a lot of steps to take and a lot of … Continue reading
CREA cautions Ottawa on mortgage rules
The Canadian Real Estate Association cautioned the federal government to stay out of the mortgage market until the effects of recent changes can be gauged, as it suggested buyers raced to secure 35-year mortgages in January before they are banned … Continue reading
Rethink Pervasive Government Role in Mortgage Markets: C.D. Howe Institute
TORONTO, Jan. 31 /CNW/ – The federal government’s role in mortgage markets is pervasive and should be scaled back, while encouraging more competition in the mortgage insurance business, according to a study released today by the C.D. Howe Institute. In “What … Continue reading