TD announces special fixed rate mortgage if you want to lock-in

TD Canada Trust lowers seven and 10 year special fixed rate mortgage offers, effective March 11, 2011. “With talk of the possibility of interest rate increases in the future, more and more borrowers, especially first time homebuyers, are considering locking into a longer term mortgage at a fixed interest rate,” said Chris Wisniewski, Associate Vice…


How A Lender Can get their Money Back

How A Lender Can get their Money Back Homeowners in Canada who cannot make their mortgage payments are faced with one of two financial resolutions; the procedures of which are in the end determined by the province in which the home is situated. Power of sale mortgages are seen in properties located in the provinces…


A Guide in Searching for the Best Available Online Loans

A Guide in Searching for the Best Available Online Loans The stressful working conditions have prompted professionals to opt for easier and faster ways to accomplish their tasks . With a fast-paced working environment, professionals need all the comfort they can gain in life. If they do want something that they can’t afford, they can…


Educate your self with home loan definitions

Mortgage Definition – Understand the best way to educate your self with home loan Definitions There is nothing like getting your own house. You don’t need to worry about housing costs and all. If you really view it, having your own house might allow you to spend less compared to leasing. The problem is you…


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…


List of Canadian Mortgage Brokers

I was looking over the logs from the web site today and it looks like a lot of my visitors don’t know about the great list of Canadian Mortgage brokers. This is a great place to find a broker who will work with you to find you a loan or mortgage. When the banks are…


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…


What’s the Low Down on Loan to Value?

It’s not very often that a borrower takes into heavy consideration what his loan to value is when shopping for a loan.  In fact, if the subject is brought up by the customer, it’s mostly in relation to avoiding paying monthly mortgage insurance.  But sometimes, a loan to value can affect even more aspects of…


Bad Credit Home Refinancing Loan – How To Approach One Easily And Effectively

By: Julian Lim People who require a bad credit home refinancing loan has been rising recently these days. The main reason could be because of the impact of current bad international financial crisis. Such poor credit loans are fast becoming popular among consumers who have difficult times in meeting their financial needs. For people who…


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…