What are Private Mortgages?
If you’re looking to own a home, you need to go to a bank in order to get a loan, right? Well, not necessarily. In some cases, you might find a seller that is willing to offer you a private mortgage. And depending on your situation, it might be just the thing for you.
Read moreTen Most Affordable Cities in Canada
We’ve already talked in-depth about how expensive it can be to live in some of Canada’s cities, especially places like Vancouver. But what about people looking for an affordable Canada mortgage? Where can these people go to still get affordable rates, but also lower home prices? Canada is a beautiful country, and one with lots of options! If you’re looking to move, or are just wondering if your city falls into the list, here are the 10 most affordable cities in Canada, as reported by the Canadian Real Estate Association
Read moreVancouver Hardest Place in Canada to Raise Young Families
It’s no secret that housing prices in Vancouver are ridiculously high when compared to the rest of the country – and with many places in the world, with the average Vancouver home cost around $750,000. This makes things like mortgage payments more challenging than ever, but what about all the other things? Food, clothing, daycare, utilities, and everything else that goes with life? It’s challenging. And if things don’t change in Vancouver, and the rest of B.C. very soon, the province could go from being one of the best places in the country to live, to one of the most dire.
Read moreHow Much do You Need for a Down Payment?
Lots of people, especially people who don’t have a lot of extra pocket change, too often brush off the idea of ever being able to get a mortgage – because they don’t have the necessary 20% down payment. So if you find a home and can’t immediately cough up at least 20% of the purchase price, you can forget about it, right? There’s obviously no point in even trying. Well, there is actually. While it might be harder to get a mortgage without a 20% down payment, and you’ll probably end up paying more in the end, you should never deny yourself your dream home just because you don’t think you have enough cash.
Read moreThe Debt Ceiling Deal and Your Mortgage Rates
With the passing of a debt ceiling deal earlier this week, the US (and by association, Canada) has avoided the worst case scenario. Without any deal, as you’ve probably heard a million times over the last few weeks, the US credit rating would’ve been downgraded and mortgage rates across the continent would’ve been affected. Of…
Read more“Well Regulated Mortgage Market” Key Factor as Canada Weathers Economic Storm
Sound risk Management and Strong Fundamentals Lead to Success in the Canadian Mortgage Market.
Read moreOntario Small Businesses Unhappy with Government Policies
Ontario small businesses say that the government’s provincial policies are further weakening the already poor economy.
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