What are High-Risk Mortgages?
Many people think that in order to get a mortgage in Canada, you must have a great credit score, and generally this is true. However, there is a certain type of mortgage, called a high-risk mortgage, that allows people even with blemished credit to still become a homeowner in Canada. So when your credit score…
Read moreShould a Review of CMHC be Taken?
The Canadian Mortgage and Housing Corporation (CMHC) has helped millions of Canadian homeowners obtain a mortgage. But now the International Monetary Fund (IMF) has issued a report that suggests a review of the CMHC practices may be necessary, and that there may be a better way of doing things. The IMF is a global organization…
Read moreThings to Consider Before Co-Signing a Mortgage
On Monday we began our mini-series about co-signers and mortgages in Canada. While we covered who they were, what they do, and how they can be a great help to home buyers, there are still a few things you need to consider if you’re considering being a co-signer for someone’s mortgage. Most of these revolve…
Read moreShould You Follow Your Banker’s Advice to Lock In?
Is it in Your Best Interest to Lock in Your Variable Rate Mortgage?
Read moreBanks Propose Two Solutions for Credit Crisis
2 Solutions for Canada’s Credit Criese Proposed by the Big 5 Banks
Read moreSmaller Lenders Offer Bigger Savings This Week
Carney Cuts Interest Rates by Half a Point to 2.25% in an Attempt to Stimulate the Canadian Economy
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