Mortgage Blog

Category: Mortgages (12 posts)

What is a Second Mortgage?

What is a Second Mortgage?

July 24, 2020

Learn how to get a second mortgage, what they're best used for, and more. The Ins and Outs of a Second Mortgage A second mortgage is a secondary loan/mortgage registered on the title o ...

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5 Obvious Benefits of Having a Mortgage

5 Obvious Benefits of Having a Mortgage

July 20, 2020

For the vast majority of people, it’s impossible to buy a home without a mortgage. Fortunately, there are hundreds of lenders offering a whole range of different types of mortgages. ...

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July 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing

July 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing

July 15, 2020

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

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Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

June 3, 2020

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

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Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

May 31, 2020

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency f ...

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Bank of Canada maintains overnight rate target and unveils new market operations

Bank of Canada maintains overnight rate target and unveils new market operations

May 31, 2020

The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent a ...

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How To Apply For A Mortgage and Actually Get Approved

How To Apply For A Mortgage and Actually Get Approved

May 31, 2020

>> Contact a Mortgage Broker 120 Days Before Applying For A Mortgage (No Exceptions Here)Contact Us Today For Full Details Contacting the Mortgage Broker earlier is very important (no e ...

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One Way to Get a Mortgage Without *the* Stress Test

One Way to Get a Mortgage Without *the* Stress Test

May 31, 2020

  Stress Test Exception: Here’s a tip for renewers. If: A) you want to switch to a new lender at renewal, and B) your mortgage closed before October 16, 2016,&nbs ...

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 The New Mortgage Landscape. 3 Things Everybody Needs to Know

The New Mortgage Landscape. 3 Things Everybody Needs to Know

May 18, 2020

The Old Mortgage Landscape in Toronto, Canada The old mortgage world was pretty simple. There was a person who needed money to buy a house and then there was an institution (usually a bank) that wa ...

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Bank of Canada lowers overnight rate target to 0.25 percent

Bank of Canada lowers overnight rate target to 0.25 percent

March 27, 2020

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. T ...

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Should You Pay Off Your Mortgage Early in Richmond Hill, Ontario?

Should You Pay Off Your Mortgage Early in Richmond Hill, Ontario?

February 18, 2020

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 2, 2019

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for ma ...

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