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mortgage advice: Clarity on new Mortgage Rules Canada - 07/06/11 12:04 PM
Mortgage rules changed this year, causing some confusion for homebuyers and homeowners.
For homebuyers, the biggest change is a reduction in the amortization period - the amount of time after which, if all monthly payments are made on time and in full, the mortgage loan will be repaid.
Under the changes, the maximum amortization period was decreased to 30 years from 35 years for all new government-backed insured mortgages. A shorter period for repayment will mean that your mortgage payments will be greater. However, this shorter period means your mortgage will be paid off faster and you will save on interest.
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mortgage advice: Current Mortgage Rates - 12/29/09 09:44 AM
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mortgage advice: Great opportunity for first-time homebuyers - 10/31/09 11:46 AM
Great opportunity for first-time homebuyers
If you've been thinking about purchasing your first home, but haven't yet made up your mind, now is an ideal time to think about taking the plunge into homeownership.
Your first step in the home-buying process should be to talk to a licensed mortgage professional. These experts have access to a vast array of lenders - up to 90+ institutions, including big banks, credit unions and trust companies - which enables these professionals to negotiate the best possible mortgage products and rates on your behalf. In comparison, if you approach your bank with a mortgage request, … (0 comments)
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mortgage advice: Advice for credit challenged clients - 10/28/09 06:38 PM
In today's economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there's no doubt that many people may not fit into the traditional banks' financing boxes as easily as they may have just a year ago.
Your best solution is to consult your mortgage professional to determine whether your situation can be quickly repaired or if you face a longer road to credit recovery. Either way, there are solutions to every problem.
Mortgage professionals who are experts in the credit repair niche can help credit challenged clients improve their situations via a number … (2 comments)
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Sasha Dear
Bracebridge,
ON
More about me…
Royal LePage Lakes of Muskoka
Address: 100 West Mall Rd, Bracebridge, ON, P1L 1Z1
Office Phone: (705) 645-5257
Cell Phone: (705) 716-5431
Email Me
Muskoka Real Estate for sale, Muskoka real estate listing search, current market reports, about Muskoka, and off-topic blogs by Sasha Dear Royal LePage Lakes of Muskoka Realty
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