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by Jeremy
For some people, getting out of a mortgage early is a realistic option, especially if they are doing so to lock down low interest rates. It’s definitely a good idea to lock down a low rate, so if you are looking at facing mortgage penalties to do so, you can do a lot to limit those penalties or avoid them all together. Common practice has banks comparing your interest rate to their current interest rate for the term closest to the amount of time left on your mortgage. Since there’s no rule about which rate to use, they can use any rate they want. With…
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Posted by Jeremy
Anytime you apply for a credit product (mortgage, car loan, credit card, etc.), your lender is required to…
Posted by Jeremy
Calgary Stampede 2015 officially kicks off tomorrow right after the Stampede parade, which means 10 days of parties,…
Posted by Jeremy
The Canadian Association of Accredited Mortgage Professionals (CAAMP) recently released their spring market survey, which provides a lot…
Posted by Jeremy
According to Insurance Bureau of Canada (IBC), half of Canadians want to better understand home insurance. Further to…
Posted by Jeremy
For some people, getting out of a mortgage early is a realistic option, especially if they are doing…
Posted by Jeremy
A new report released today shows that Canada’s rental market is worse than we thought, and it’s becoming…
Posted by Jeremy
Stories about Canadians’ household debt are making headlines this week, and whether or not the hype is true,…
Posted by Jeremy
If you’re self-employed, you may have a more difficult time obtaining financing for that home, but there’s still…
Posted by Jeremy
A new study conducted by Genworth Financial, shows that millennial homebuyers are well-educated, financially literate and doing their…
Posted by Jeremy
The Canadian federal budget for 2015 was announced yesterday, and it brings with it some consumer-friendly benefits. Dealing…
Posted by Jeremy
Genworth Financial recently polled 1,800 first-time homebuyers in Canada to get a feel for what that demographic looks…
Posted by Jeremy
Canada’s two biggest mortgage insurers both raised their premiums by 15% this week, bringing changes to the mortgage…
