Yesterday, Bank of Canada lowered the overnight rate for the second time this year by .25% due to a weaker than expected economy in the first two quarters. What does that mean if you are shopping for a new home or planning to sell and buy a home?
The common questions is whether the drop in interest rate will fuel the already heated market and drive up consumer debt? This could mean that more people will be able to afford to buy, so margin borrowers can buy more house so-to-speak, or in a better position to enter the housing market.
Next, will be to see how … (0 comments)
toronto selling a home: Spousal separation mortgage if one side wants to keep a marital home
- 07/07/13 11:50 PM
This is good information for homeowners going through divorce or separation. With permission to report, content is provided by Robert Bizzoni , mortgage agent at Mortgage Intelligence New Spousal Separation Mortgage allows financing to 95 per cent! It’s hard enough to get through the process of splitting assets in the event of a separation or divorce. What if one of you wants to keep the family home? We can help. Although new mortgage rules mean you can only refinance your home to 80 per cent of the value, a Spousal Separation Mortgage allows a buyout to 95 per cent, making it … (1 comments)
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