You might have heard about the new mortgage rules that went into effect July 9th of this year. Their intention was to relax Canada’s increasingly animated mortgage market. Canada’s Minister of Finance, Jim Flaherty, along with other fiscal policymakers have pushed controls and tighter regulations onto the mortgage… Read More
Unfortunately, lots of Canadians have problems getting loans due to their poor credit ratings. There have also been many other economic setbacks all across North America over the last few decades. Those setbacks, of course, can lead to high levels of household debt and bad credit among Canadian… Read More
People are using the internet more and more these days. Whether you’re looking for a Mexican restaurant, a movie theater or a chiropractor, you are likely to go online to find the location closest to you. Many sites can help you find what you’re looking for including Google Places, Yelp… Read More
Hello Canada! We’re very happy to announce our BRAND NEW Mortgage Learning Center! You will find information that pertains to the following topics: – Using a Mortgage Broker – Down Payment Requirements for a Mortgage – Open vs Closed Mortgages – Variable vs Fixed Mortgages… Read More
A second mortgage (a second mortgage loan on your home) is an effective way of getting a large amount of cash using available home equity. You can also leverage your home equity to get cash by obtaining a home equity line of credit or refinancing your current mortgage, but… Read More
By now we’ve all heard about the new mortgage rules that came into effect recently. They aim to tighten the Canadian mortgage industry and protect its stability. These changes are believed to have a significant effect on the housing market. What exactly changed? The most notable… Read More
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