Mortgage

RBC first to drop mortgage rates….but they won’t be the last

RBC first to drop mortgage rates….but they won’t be the last

RBC cuts mortgage rate, price war coming?   It was always going to happen but while last week the big lenders were reluctant to pass on the Bank of Canada’s interest rate cut to borrowers, this week there’s talk of a price war. Royal Bank of Canada has become the first of the big banks […]

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Hot Buyer Tips – Advantage of Flexible Mortgages

Hot Buyer Tips – Advantage of Flexible Mortgages

When you are shopping around for mortgages, be sure the flexibility is one of the first things you ask about.  Many mortgage shoppers call around and settle with the mortgage that offers them the lowest interest rate because they believe it will save them the most amount of money.  The irony is that the low […]

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How Much Did You REALLY Pay For Your Home? – How to reduce the amount of mortgage interest you pay.

How Much Did You REALLY Pay For Your Home? – How to reduce the amount of mortgage interest you pay.

Have you ever sat down and calculated how much money you are actually paying for your home? If asked, most people will quote their purchase price as how much money they paid for their house. However, the amount of money that you actually pay for your house is significantly more than that. Confused? Well consider […]

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No more 30-year amortizations! –  Ottawa tightening mortgage rules again!

No more 30-year amortizations! – Ottawa tightening mortgage rules again!

The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market is overheated and household debt levels are climbing to perilous levels, according to the Globe and Mail. As debt levels continue to reach record levels and the housing market has showed no signs […]

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Low Mortgage Rates – Too Good To Be True?

Low Mortgage Rates – Too Good To Be True?

What you should know about deeply discounted mortgage rates You’ve heard the expressions ‘cheapest isn’t always best’ OR ‘you get what you pay for’. This also applies to shopping for the best mortgage rates. When you are looking at paying off your largest investment over 25-30 years, it is easy to jump on the lowest […]

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Housing Prices To Remain Stable Into 2012

Housing Prices To Remain Stable Into 2012

The Canadian housing market will grow at a much slower pace compared to the surge seen in the past decade. Home resales are expected to grow by 0.9 per cent this year and remain unchanged in 2012, while home prices will increase by 4.4 per cent this year and 0.4 per cent in 2012. Garth […]

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How Much Will My Closing Costs Be?

It is always a shame when you hear about someone having a huge financial surprise on the day of closing. On the day you are making the biggest purchase of your life, many forget to calculate all of the other expenses that are to be paid on closing. These expenses will not be rolled into […]

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Let’s Murder Your Mortgage

Have you ever thought about paying off your mortgage quicker?  Have you ever had some money you wanted to invest, but just didn’t know where to put your money?  Bumping up your mortgage payment can save you a fortune over the years ahead. Consider our happy newlyweds Dick and Jane. They live in Burlington, Ontario […]

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