When it comes to mortgage break penalties, big banks are often the worst SPECIAL TO THE GLOBE AND MAIL PUBLISHED NOVEMBER 13, 2019 UPDATED 1 DAY AGO Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the […]

Wise words from *** from Rob McLister at Ratespy*** Housing prices are ticking up again, with the national average price for homes sold in September reaching $515,500, according to the Canadian Real Estate Association’s latest report. Rising prices puts prospective home buyers into a dilemma when it comes to saving for a down payment. Putting down the […]

THE BLOG Big-Bank Mortgages Are Comfortable, Popular And The Worst Deal Around Why do we stay with them??? Complacency is a big reason. A lack of knowledge is another. 02/07/2019 11:43 EST | Updated 22 hours ago Justin Thouin Co-Founder and CEO of Lowest Rates RBC. TD. BMO. Scotiabank. CIBC. National Bank of Canada…. The Big Six. Whenever […]

Documenting income can be done in different ways, talk to your broker, he is in the know! Did You Fib On Your Mortgage Application? There May Be Trouble Ahead Canada Mortgage and Housing Corp. wants better income checks to prevent mortgage fraud. Daniel Tencer – Huffington post.   With house prices rising sharply in some […]

By Craig Wong OTTAWA _ The Bank of Canada kept its key interest rate target on hold Wednesday, but hinted that rate hikes could be coming as it noted the Canadian economy was a little stronger than expected in the first quarter. The central bank held its target for the overnight rate _ a key […]

Here is some answers to frequently asked questions and excellent insight published by FSCO, the regulatory body for mortgage agents, brokers and brokerages in Ontario. And NO, it does not cover your bank employees.. they are not required to be licensed or understand mortgages. Using a Mortgage Broker When You Buy Your Home Getting a […]

From our friends at Mortgage Brokernews, Costly repairs could be awaiting homebuyers as a new survey shows that owners may be missing some important factors when renovating or carrying out maintenance. Allstate Canada found that 58 per cent of homeowners are planning to do renovation work but 32 per cent of those are looking at […]

Bank of Canada maintains overnight rate target at 1/2 per cent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 24 May 2017 Available as: PDF The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 […]

http://kcscherpenberg.ca/ Regulatory changes that would require home buyers in Ontario to provide comprehensive information regarding their citizenship and place of residence are poised to take effect this Monday (April 24), as the province inaugurates the Prescribed Information for Purposes of Section 5.0.1 Form. The form will accompany the documents involved in land-transfer tax payment. The […]

by Justin da Rosa 11 Apr 2017   Brokers have for years boasted about their ability to find the best mortgage for clients — by considering more than just the best rate — and a new study suggests young homebuyers need that service now more than ever. When it comes to buying a home, it’s […]