How to get a better loan rate from your bank

Canada’s big banks are being squeezed by low interest rates and slowing demand for loans and mortgages. That means they’re more willing to compete for your business. Bank profits depend heavily on what’s known as the interest rate spread. These institutions take deposits in the form of chequing and savings accounts that pay little interest…


BoC signals that rates will rise gradually

The recent jump in Canada’s inflation rate should be temporary and price levels will remain subdued even with a gradual reduction in monetary stimulus, the Bank of Canada said on Wednesday. Despite putting an interest rate hike firmly back on the table for the second half of the year on Tuesday, the bank suggested in…


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…


How to Use Your Mortgage to Make More Money

How to Use Your Mortgage to Make More Money Through the real estate growth which took place in the early 2000’s, quite a few people searching for a mortgage loan may possess a mortgage broker sell them on interest-only loans as a way to pay for a property which these folks could not find the…


Private Lenders may be able to fill the gap

Private lenders are people with money who are looking for a better rate of return than is available to them at a bank. They are willing to fund mortgages for individuals who, for one reason or another, may not qualify at the Bank. Sometimes called Venture Capatalist, this option can be a great for those…


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…


Private Lender Saves Winnipeg Couple from Losing Their Home

The Hopewell’s (not their real names) were only weeks away from losing their home to bank foreclosure. The Hopewell’s efforts to re-finance their mortgage were futile as the majority of banks, credit unions and finance companies will not knowingly finance an individual that is in foreclosure. The Hopewell’s managed to secure private financing through a…