Maybe you’re like a lot of people. You’ve heard of mortgage brokers before but you’ve always got your mortgage from your bank and you aren’t sure what the difference is between a broker and a bank. The mortgage industry is extremely competitive these days and everyone wants to lend you money (well almost everyone). You [...]
In recent months, big changes have been made to the way Canadian banks look at your available income and debt servicing for the purposes of loan qualification, and those changes could have enormous effects on your ability to qualify for a home. The changes reflect the decision of the Ministry of Finance to tighten borrower [...]
If you’re in the market for a mortgage you’ve likely been shopping around for the best rate. With mortgage interest rates as low as they are these days there isn’t a big difference between the rates different lenders can offer. However, even half a percentage point can make a big difference over the life of [...]
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