Latest Mortgage News

Read latest mortgage news and updates from best industry resources.

When Is An Ideal Time To Consider Mortgage Refinance?

February 22nd, 2018MortgagesComments Off on When Is An Ideal Time To Consider Mortgage Refinance?

Many homeowners are considering mortgage refinancing today to take advantage of the low interest rates. The main reason for this is because home refinancing can lead to significant cost savings, but a homeowner has some key factors to ponder over before deciding whether it is the right time to make the move. Time is of […]

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Keeping Your Debt Levels In Check Before Applying For A Mortgage

February 22nd, 2018MortgagesComments Off on Keeping Your Debt Levels In Check Before Applying For A Mortgage

When applying for a mortgage loan, the biggest factor that lenders consider is one’s credit score. However, that is just the start. Before deciding whether to approve a mortgage loan or not, lenders like to review a full financial profile of the applicant. So, if you are looking to apply for a mortgage loan, you […]

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Are You Searching For A Second Mortgage Loan?

February 22nd, 2018MortgagesComments Off on Are You Searching For A Second Mortgage Loan?

Mortgages have become the everyday way on how to acquire property in so many states and countries today. Second mortgage type of loan is the one that is taken after the first mortgage loan. Some of the reasons why people take second mortgage loan could be, but not limited to the following: to avoid payment […]

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The New ‘Stress Test’ Expected To Disqualify 10 % of Aspiring Buyers: Bank of Canada

December 15th, 2017Mortgage NewsComments Off on The New ‘Stress Test’ Expected To Disqualify 10 % of Aspiring Buyers: Bank of Canada

Think you are safe because you want to place more than 20 percent as down payment for your mortgage? You really are not; since you will have to take a ‘stress test’ before you are approved for a mortgage loan, as from Jan, 1, you may not qualify for the mortgage you wanted. According to […]

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Stringent Borrowing Rules and Higher Interest Rates to Curb Riskier Borrowing

December 14th, 2017Mortgage NewsComments Off on Stringent Borrowing Rules and Higher Interest Rates to Curb Riskier Borrowing

While the Central Bank warned that the effort to mitigate risky borrowing may take time, it is optimistic that strict regulatory efforts and increased mortgage interest rates will be a milestone in this direction. As such, the Central Bank believes that this move will make the financial system in the country even more resilient. Through […]

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Concerns Over the New ‘Stress’ Rules

December 13th, 2017Mortgage NewsComments Off on Concerns Over the New ‘Stress’ Rules

According to the leading experts in the mortgage industry, the proposed ‘Stress’ rules—that are meant to control the risk associated with mortgage loans in real estate today—are likely to make it impossible for some aspiring homeowners to get a mortgage loan. Essentially, the new rules, which will take effect from January, 2018, were aimed at […]

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Avoid the New Mortgage Stress Test – Take Action Today

November 15th, 2017Mortgage industry eventsComments Off on Avoid the New Mortgage Stress Test – Take Action Today

Come to think of it, what is the only constant thing in the real estate industry? Change, yes change is among the common things you will encounter in this industry. With regards to change, the government will start implementing the new mortgage stress test rules on January, 1st next year. While many people are aware […]

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Reactions to the Proposed ‘Stress Test’ Rules for Mortgage Borrowers

November 14th, 2017MortgagesComments Off on Reactions to the Proposed ‘Stress Test’ Rules for Mortgage Borrowers

The new rules about to be implemented by the Office of the Superintendent of Financial Institutions (OSFI) are aimed at subjecting the uninsured mortgage borrowers in the country to stress test as well. A stress test is a type of test that is carried out on the borrower’s finances to determine if he or she […]

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Why You Should Review Your Mortgage Today

November 14th, 2017MortgagesComments Off on Why You Should Review Your Mortgage Today

Many of the leading financial advisers will tell you that it is important to carry out a financial check-up every year, but why? As time goes by, many things are bound to change in your life. This being the case, a mortgage that was a good fit for you a few years ago may not […]

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