New mortgage rules could price some out of market

The mortgage world is changing again with some new rules for Canadians. Canada.com – Tougher mortgage lending rules, as unveiled by Finance Minister Jim Flaherty on Monday, could add an estimated $100 a month in carrying costs for future homeowners — pricing some people out of the real estate market — and affect roughly 20,000…


Consumers get less choice now that the fix is in

The fix is in, when it comes to the Canadian mortgage market. New government rules, which kicked in this week, have taken away choice from many Canadians and will force them to lock into a longterm mortgage. Read more: http://www.financialpost.com/personal-finance/your-money/story.html?id=2931790#ixzz0mE3lEEHV


Mortgage loophole helps first-timers

There is a small loophole in the new federal mortgage rules that could make it easier for the banks to lend money to first-time buyers. The federal government announced last month new requirements for anyone borrowing money for a house and needing mortgage insurance. If you have less than a 20% down payment and are…


Home Loans For poor credit – Smart Tips For working with Online Mortgage Corporations

By: Hollis Roy Home loan for bad credit are for people who find it tough to get loan facilities due to poor credit ratings. However, people with bad credit may have to deal with several difficulties at times and they also pay slightly higher rates rates for the loans. One of the finest techniques to…


Mortgage Loan Insurance

The Mortgage Loan Insurance program provided by the Canada Mortgage and Housing Corporation (CMHC) is insurance on loans granted by approved lenders for the purchase, construction, renovation, or refinancing of single-family homes or multiple rental housing. The program also grants a 10% refund on its mortgage loan insurance premium when a borrower buys or builds an…


The pros and cons of alternate lending sources

The founder of Bello Mortgage shares his 11 years of experience and hundreds of resources to help you find the best mortgage.


5 Questions to ask a mortgage broker

Canadian mortgage brokers are a critical piece of the puzzle that can help determine whether your home refinance efforts are successful or not. Before you pony up all your private information, it’s imperative that you find out which mortgage brokers in Canada are trustworthy. Here’s how to research canadian mortgage brokers with 5 questions to…