Fixed Rate Mortgages Fixed rate mortgages offer a stable payment that does not change throughout the term.  With some lenders you have the ability to port and increase via blended rate or refinance with blended rate to avoid a penalty Statistically, most people don’t make it through a 5 year term for a variety of reasons such as: 1.- They move 2.- Need to refinance to access equity for debt consolidation 3.- To buy another property Bond Yields Unlike Prime which is dictated by Bank of Canada, fixed rates vary based mainly on bond yields. Bonds are typically safer investments than stocks. When the economy is less stable and stocks…

If you’re using a mortgage broker to assist with your financial transaction, you want to make sure you’re working with the best. A qualified mortgage agent will evaluate your present personal and financial situation and find a mortgage deal that is tailored to your needs. 

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Joseph Czikk

Original Article Posted on:  March 30, 2021

Link to Original Article:  https://financialpost.com/moneywise/why-you-need-to-consider-a-variable-rate-mortgage-now-more-than-ever

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-16

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reduce-prepayment-penalties.html

What are the risks of Condition-Free Offers?

Great question. In today's market, buyers are often in multiple offer situations and want to submit a clean offer that has no conditions. This is never advisable, but we do understand that this is a very competitive market.

If you have been pre-qualified by a licensed mortgage broker, you may be vetted by one or more lenders, however, the property has NOT been vetted. Below are some issues that could affect a lender’s willingness to lend on a particular property. Please note that this list is not exhaustive. There could be other issues impacting a lender’s decision.

Original Article Source Credits: canada, https://www.canada.ca

Article Written By: NA

Original Article Posted on: 2020-09-17

Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html

Original Article Source Credits: betterdwelling, https://betterdwelling.com

Article Written By: Stephen Punwasi 

Original Article Posted on: DECEMBER 18, 2020 

Link to Original Article: https://betterdwelling.com/canadian-markets-are-seeing-a-real-estate-boom-with-population-declines

Original Article Source Credits: financialpost, https://financialpost.com

Article Written By: Kevin Carmichael  

Original Article Posted on: Dec 18, 2020   

Link to Original Article: https://financialpost.com/news/economy/bank-of-canada-governor-wants-to-avoid-housing-policy-mistakes-of-the-past

Original Article Source Credits: movesmartly, https://www.movesmartly.com

Article Written By: David Larock 

Original Article Posted on: November 3, 2020  

Link to Original Article: https://www.movesmartly.com/articles/fixed-or-variable-rate-mortgage-right-now-its-no-contest

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

I’m Corina Murphy, a mortgage broker in Mississauga, Ontario.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:  Ephraim Vecina 

Original Article Posted on:  18 Nov 2020

Link to Original Article:  https://www.mortgagebrokernews.ca/news/cba-on-how-many-mortgages-remain-deferred-at-canadas-largest-banks-335353.aspx

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 17, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/record-low-supply-and-interest-rates-fuel-record-october-home-prices/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  NOVEMBER 17, 2020

Link to Original Article:  https://betterdwelling.com/canadian-real-estate-sales-slow-for-the-first-time-since-the-beginning-of-pandemic/

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  NA

Original Article Posted on:  Oct 15, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/edmonton/edmonton-calgary-highest-rate-mortgage-deferrals-programs-end-1.5763626

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  September 29, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/pandemic-has-increased-homebuying-intentions-among-young-canadians/

Original Article Source Credits:   Toronto storeys , https://torontostoreys.com/

Article Written By:   Ainsley Smith

Original Article Posted on:  October 9, 2020

Link to Original Article:  https://torontostoreys.com/canadian-mortgages-risk-defaulting-rbc/

Every industry has its own language and terms. These words and phrases can be confusing to anyone who is not part of a specific industry’s daily operations, and the mortgage sector is no exception.