Shorter Mortgage Amortization Keeps Canadians’ Best Interests in Mind
The recent announcement by the Canadian government to reduce the mortgage amortization period from 35 years to 30 years is aimed at lowering the risk of a housing market bubble.
Read moreChanges in Mortgage Rules – Will they Encourage People to Save Rather than Borrow to Buy a House?
The federal Finance Minister has announced some changes in mortgage rules. These changes have been made as precautionary measures for preventing a housing bubble and curbing the rising household debt.
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 moreFinance Minister Announces Changes to Canadian Mortgage Rules
Federal finance minister, Jim Flaherty, announces upcoming changes to Canadian mortgage rules.
Read moreAccessing Your Home’s Equity – What Every Retiree Should Know
Retirees can access their home equity by taking out a reverse mortgage, a home equity line of credit or setting up a gift of residual interest.
Read moreIncreasing Mortgage Payments Beneficial in the Long Run
You can pay off your mortgage faster and save a significant amount in interest if you make larger mortgage payments through disciplined budgeting.
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.
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