Mortgage strategies - Page 7 of 13

February 1, 2017 0 Comments

Planning to buy with less than 20%? You'll need default insurance We're all looking to save a little money - every little bit helps. If you're planning to buy with less than 20% down,

January 30, 2017 2 Comments

Mortgage brokers drive mortgage rates down by 17.5% A 2011 Bank of Canada study said that "the average impact of a mortgage broker is to reduce rates by 17.5 basis points."  In fact, controlling

November 7, 2016 1 Comment

Do first-time homebuyers really get any benefit from a mortgage broker? Last week I met with Tom* and Marcy*, a couple in their early 30s who are interested in doing the mortgage planning for

October 17, 2016 0 Comments

Down payment of 20% plus?  New mortgage rules that affect you The Canadian finance minister announced stringent new mortgage rules on October 3, 2016. Anyone looking to buy a new home or refinance, may be

October 10, 2016 0 Comments

The mortgage stress test - what you need to know On October 3, 2016, Canada's Finance Minister announced the latest round of mortgage rule tightening:  a more stringent mortgage stress test for borrowers