Mortgages starting @2.49*
Canada’s housing agency The Canada Mortgage and Housing Corporation (CMHC), has announced that it will tighten mortgage qualification rules for the high-risk borrowers. This is a controversial move that can curb credit in the economy that can emerge from its deepest contraction of the post-war era. The state-owned Mortgage & Housing Company, which was offering …
Real estate buyers use the mortgage to raise funds to buy real estate or existing owners to raise funds for any purpose and, at the same time, impose a guarantee on the mortgaged property. The loan is “secured” on the borrower’s wealth through a process known as mortgage origination. This means that a legal mechanism …
Different Ways to Get A Great Deal on a Mortgage Read More »
People with bad credit often find it challenging to apply for loans. Due to the recent subprime mortgage disaster, many lenders have restricted many of their mortgage practices. This means that it is not easier to get approved for a home loan if you have bad credit. Now, lenders are more careful when dealing with …
Mortgage brokers help you understand all the necessary mortgage-related information. There are different mortgages, and all have several parameters and technical details that can be quite confusing for a non-specialist. A good mortgage broker will help to resolve all of this information and will also explain the different types of offers available on the market. …
Who exactly is a mortgage broker, and why should I use one? Read More »
What is a stress test? In finance, the worst planning is called a stress test. It involves modeling a bad scenario before investing. A mortgage stress test is an avenue to determine precisely how much you can afford (and under what circumstances). If your income declined or you lost your job, could you pay mortgage …
A mortgage loan or simply mortgage (/ˈmɔːrɡɪdʒ/) is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property through a process known as mortgage origination. This means that a legal mechanism is put …
To understand how much house you can afford, you need to take into account two important factors — what lenders will approve you for and what fits within your budget. The good news is that these budgetary guidelines typically line up. Even so, you will need to make sure you don’t take on more house …
Buying a new home is a big decision that involves a whole lot of smaller ones. Many people focus on the number of bedrooms or the quality of the kitchen appliances as they contemplate where they want to live. But new homebuyers shouldn’t let considerations like those persuade them to buy a home that’s more …
Here’s How Much Mortgage You Can Actually Afford Read More »
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