Are HELOCs The Hot Mortgage Product of 2011?
If you don’t know what the term HELOC means, then you’re probably just coming out of your annual winter hibernation. H.E.L.O.C.s, also known as Home Equity Lines of Credit are one of the fastest growing segments of the mortgage industry. Its not hard to understand why. An article in the Montreal Gazette recently investigated the…
Read moreNew Mortgage Rules Positive for Canadian Banks: Moody’s Investor Service
Moody’s Investor Service says that the new Canadian mortgage rules are positive for banks and will contribute to the stability of Canada’s financial system.
Read moreMortgage Rule Change Could Affect Number of People Buying Houses in Calgary
The changes in mortgage rules announced by the federal Finance Minister Jim Flaherty may result in a slight drop in the real estate activity this year.
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 moreInvesting Through a HELOC to Make Your Mortgage Tax-Deductible
CMI Mortgage News reviews the strategy of structuring a home equity line of credit (HELOC) to effectively make your mortgage tax-deductible while building a conservative investment portfolio.
Read moreBanks Aim to Compete with HELOCs Available through Mortgage Brokers
New mortgage products offered by major banks attempt to compete with home equity lines of credit (HELOCs) offered through independent mortgage brokers.
Read moreHome Equity Loans – An Easy Way to Meet Large Expenses
When the Need Occurs, You Can Always Tap into the Equity in Your Home to Consolidate Your Debt.
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