When is Home Refinancing a Bad Idea?
With interest rates so low today, and a forecast that says they’re not going to stay that way for much longer, many homeowners are thinking that there’s no time like the present for home refinancing. And while home refinancing can be a huge help to homeowners and save them a bundle in the long-run, it can also be a nightmare that the homeowners will live through for years to come. So, when is refinancing going to hurt you more than it’s going to help?
Read moreMixed Reactions to the Announcement of Revised Mortgage Rules
Reaction has been mixed to the announcement of new mortgage rules which will come into effect March 18.
Read moreLow Rates to Continue for Refinancing a Mortgage, Consolidating Debt
There is a clear window, running into 2011, for homeowners to take advantage of our current low interest rate environment for debt consolidation under a home equity line of credit, or to refinance an existing home mortgage on favourable terms.
Read moreHome Mortgage and Interest Rates Likely to Remain Low due to Dollar/Loonie Parity
Home mortgage and interest rates are likely to remain at current lows, as parity between the Canadian loonie and U.S. dollar puts pressure on the Bank of Canada to defer further rate hikes into 2011.
Read moreOpportunity to Refinance Home Mortgage at Low Rates
Homeowners have a window of opportunity to refinance existing home mortgages, as analysts forecast that the Bank of Canada is likely to pause in its regimen of rate increases.
Read moreMortgage Refinancing, Debt Consolidation to Reduce Household Debt Levels
Mortgage options, such as refinancing or debt consolidation, can help Canadian homeowners deal with ballooning levels of household debt
Read moreGet a Mortgage Financial Check Up Once Every Year
Get a financial mortgage health check up every year to find out if you are paying the right amount for your home loan or can do better.
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