Tag: refinance

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Don't be Afraid to Talk to a Mortgage Broker

By: Elias Kellendonk

Halloween aside, this October has plenty of reasons to get you spooked, what with a recession, a long and tiring election campaign, and recent world events. Plenty of reasons, but your mortgage need not be one of them. We’re here to help in this frightful time, no matter if you’re buying a home, renewing your …

Refinance / Consolidate

Refinance and Consolidate Your Mortgage

By: The Super Broker

Debt consolidation or a Mortgage Refinance can cost effectively remove debt, and can make the financing of your future projects that much easier.

Mortgage Rules

Flaherty Tightens Canadian Mortgage Rules.

By: Elias Kellendonk

Come July 9th, the CMHC will no longer insure mortgages with amortizations longer than 25 years, and will further limit the amount a homeowner can refinance their mortgage to 80%, down from 85%.

The Blended Mortgage: A Way to Access Equity without Penalty

By: Elias Kellendonk

“Mortgage penalty can be a shocker,” stated Ellen Roseman in her blog, On Your Side. She reminds readers that the interest rate differential (IRD) prepayment penalty charged by lenders to borrowers who break their terms early can amount to thousands of dollars. One broker commented that this penalty amounted to $28,000 for his client whose …

Collateral Mortgage, CanEquity

Big Bank Launches Collateral Mortgage to Spur Market; Takers Will Be Bound

By: Elias Kellendonk

What is TD’s strategy to stay afloat in a competitive mortgage market which has seen the Canadian home buyer’s business increasingly shifted towards mortgage brokers?

Commercial New Purchase, CanEquity

CMHC Allows Commercial Financing up to 85 per cent

By: Elias Kellendonk

With the Canada Mortgage and Housing Corporation’s multi-unit insurance coverage, a commercial investor can attain up to 85 per cent financing toward their commercial purchase.

Private Lenders, CanEquity

Private Commercial Lenders Provide Alternate Route for Commercial Funding

By: Elias Kellendonk

Private commercial lenders, particularly in the commercial mortgage market, are increasingly becoming the go-to for hard-to-fund commercial projects.

Long-Term Mortgage, 25 Year Term.

Is the security afforded by a long-term mortgage worth the added cost?

By: Elias Kellendonk

12 per cent of Canadian mortgage holders opt to lock in to terms longer than five years; is the stability worth the added cost?

CMHC

Canadian Home Renovation Statistics

By: The Super Broker

50 per cent of (or 2.1 million) Canadian households renovated their homes in 2009, and just over 40 per cent intend to this year.

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