mortgage: 4 Mortgage Market Predictions
- 05/15/13 12:41 PM
With historically low mortgage rates likely staying put throughout 2013 and beyond, there’s no doubt that the remainder of the year will be full of great opportunities for homebuyers across Canada. Following are 4 Top Mortgage Market Predictions: 1) Borrowers will continue to become more savvy, while focusing on a mortgage strategy as opposed to short-term gains. With all the flash and dash of online mortgage comparison tools and discount rate websites, smart borrowers know they need a customized long-term mortgage plan put in place by a true mortgage professional. This is a fundamental cornerstone of your financial freedom – it’s … (1 comments)
mortgage: Upto $300 Rebate on a Home Energy Audit with the RBC Energy Saver Mortgage
- 04/14/12 12:34 PM
RBC's Energy Saver Mortgage offers a $300 rebate(30) on a home energy audit to help you make improvements to your home's energy efficiency. How to Receive Your RBC Home Energy Audit Rebate Choose a licensed home auditor through the Natural Resources Canada website at www.oee.nrcan.gc.ca/ . Obtain quotes from a few auditors and choose one that you feel offers the best overall value. Schedule an audit within 90 days of receiving your RBC Energy Saver™ Mortgage(1). Obtain a receipt or invoice from the auditor for a refund from RBC. Submit your receipt or invoice to your branch within 120 days of … (0 comments)
mortgage: RBC expands mortgage programs for student tenanted properties
- 09/26/11 06:02 PM
Recognizing the need for investor-owned housing in communities with post secondary institutions, RBC Royal Bank recently expanded its mortgage programs for student tenanted properties. Universities often have insufficient student housing and rely on this type of accommodation for incoming students. Financing these properties can be challenging as many financial institutions have policies that restrict lending on student tenanted properties. RBC Royal Bank® has responded to this need by creating solutions for clients who wish to purchase a property for student tenants. Clients can now finance up to 70% of the purchase price. In addition, for parents considering purchasing a property for … (2 comments)
mortgage: CAAMP: Stability in the Canadian Mortgage Market
- 06/10/11 04:32 AM
Canadian Association of Accredited Mortgage Professional (CAAMP) just released a consumer report - Stability in the Canadian Mortgage Market. This report reveals that reveals that Canadians are displaying confidence by paying down their mortgages and using home equity to make home improvements or investments. Following are some key statistics uncovered in the report: - Canadians currently have $855 billion in mortgages on principal residences and $215 billion in home equity lines of credit (HELOCs) - Equity takeouts amount to $26 billion annually, with funds most frequently used for renovations ($9.4 billion), followed by investments ($5.0 billion) - The average down payment for a home … (0 comments)
mortgage: What You Need To Get A Mortgage These Days
- 11/14/07 06:03 AM
Lenders have become more cautious because they can no longer be sure of unloading dicey mortgages on big investors. That means they could get stuck holding them on their books. While all lenders have become more cautious, the biggest turnaround has been in the sub-prime and jumbo mortgage markets. The sub-prime markets lend money to people with less-than-perfect credit while the jumbo market serves people with good credit who want to borrow more than $417,000. If you have good credit and want a smaller mortgage, you should have no problem qualifying. Banks are still willing to make "conforming" loans because they … (1 comments)
mortgage: Pre-arrange your mortgage
- 05/02/07 05:26 AM
Fewer people are getting their mortgage pre-approved when buying a home for the first time according to a survey done by Canadian lenders. Survey shows that percentage of first-time home buyers who pre-arranged a mortgage has declined from 73 percent in 2001 to 62 percent today. This trend shows that almost half of first-time home buyers are not doing any planning for their mortgage. Home mortgage should be part of your overall financial plan or you could end up paying thousands of dollars extra to your lender. A pre-arranged mortgage gives you .. . .. . .... . Read More >> … (0 comments)
mortgage: Monetary Policy Report by Bank Of Canada
- 04/26/07 10:46 AM
The Bank of Canada released its April Monetary Policy Report today. Growth of the Canadian economy has been in line with the Bank's expectations as set out in the January Monetary Policy Report, but inflation has been higher than expected. The Bank now says that the Canadian economy was operating just above its production capacity in the first quarter of this year. Domestic demand continues to be the main driver of growth in Canada. Core inflation is likely to remain slightly above .. read more >> … (2 comments)
mortgage: The Mortgage Man .NET
- 04/26/07 04:42 AM
Hello Mortgage professionals, I registered several domain names few years ago. I don't focus on mortgage business anymore so I am selling some mortgage related domain names. Please comment on this blog post if you are interested to purchase any one of: TheMortgageMan.NetCommercialMortgageConsultant.ComCanadianHomeMortgages.ComA good domain name can be great marketing tool. … (2 comments)
mortgage: FIRST NATIONAL FINANCIAL OFFERS AIG UNITED GUARANTY PRODUCTS
- 04/24/07 03:04 AM
Reflecting a dynamic, changing mortgage landscape and trying to meet the demands of the growing mortgage industry First National Financial LP announced that it will offer clients mortgage insurance through AIG United Guaranty. First National Financial is the country’s largest non-bank originator and underwriter of residential mortgages. The combination of Canada’s largest non-bank mortgage originator with a member company of one of the world’s largest insurers will certainly mean more mortgage choices for . .. read more >> … (0 comments)
mortgage: Mortgage basics
- 04/20/07 11:48 AM
There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After all, it’s your money and your home we’re talking about; as a Mortgagor, you have a right to understand what you’re reading. (You didn’t know you were a mortgagor? ... read more>> … (3 comments)
mortgage: Canadians making bad mortgage choices?
- 04/20/07 11:40 AM
RBC (Royal Bank) released it annual homebuyers survey few days ago. According to the survey many Canadians seem confused about the mortgage choices available to them, especially when they have to choose between a fixed rate mortgage and a variable rate mortgage. RBC's survey shows that most people will stick to the fixed rate mortgage products even when a "safe" variable rate mortgage is available that will save money. Majority of people find it difficult to choose between a fixed rate and a variable rate mortgage .. read more>> … (0 comments)
With historically low mortgage rates likely staying put throughout 2013 and beyond, there’s no doubt that the remainder of the year will be full of great opportunities for homebuyers across Canada.
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