August 24, 2010
Today's post introduces a new feature on our website called "The Deal of the Week", which highlights the best mortgage deal currently available. Our inaugural offer is one of the best to come along in a very long time.
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Welcome to Canada's Premier Mortgage Blog
August 17, 2010
Reverse mortgages are growing in popularity as an increasing number of baby boomers reach retirement age. While categorized as a mortgage, this type of loan has unique characteristics that make it quite different from other forms of traditional financing. Today’s post explains how reverse mortgages work and examines the strengths and weaknesses of this financing option.
August 5, 2010
Today's post is my quarterly update on the state of the mortgage market. It focuses on how our central back will try to balance the strength of our domestic economy against increasing global economic uncertainty when making future interest-rate decisions.
July 27, 2010
If you need a mortgage, your household income will be the single most important part of your application. Today's post outlines how lenders conduct income tests and explains the standards that are used. It also examines special cases where confirming income is more difficult, and provides some tips to help you put your best foot forward.
July 13, 2010
Can rock-bottom interest rates be bad for the economy? It depends. If left low for too long, dangers can emerge, and chief among them is the liquidity trap. To learn more, check out today's post.
July 6, 2010
If the current heat wave has you thumbing through the cottage listings and yearning for an escape, then today's post on financing for vacation properties and second homes will be of interest. We give you an overview of what lenders are looking for and offer some perspective on how they view these deals.
June 29, 2010
Planning for closing costs is an important but often overlooked step during the home buying process. Today's post will give you an overview of what to expect and will introduce you to my one-of-a-kind Closing Cost Calculator.
June 22, 2010
If you want to buy a house and have a down payment of less than 20%, you are required to buy mortgage loan insurance on behalf of your lender. Today's post explains how loan insurance works and offers some suggestions to the powers that be for how we can make it better.