Latest Mortgage News

Read latest mortgage news and updates from best industry resources.

Should You Continue Renting or Should You Buy?

July 31st, 2018MortgagesComments Off on Should You Continue Renting or Should You Buy?

The renting vs. buying debate has been an on-going topic for years. While some people argue that renting is a waste of money, others claim that it’s actually a lot cheaper than buying. So, who is right? The correct answer is that it really depends on your individual situation and the general state of the […]

Read More

Are you financially ready to buy a house? A Quick Guide to Purchasing Your First Home

July 31st, 2018MortgagesComments Off on Are you financially ready to buy a house? A Quick Guide to Purchasing Your First Home

Buying a home is an amazing accomplishment but it will also be one of your biggest investments. Purchasing a house is a major financial decision which is why it is important to make sure that you are making the right choice. Fortunately, there are steps you can take to figure out if you are truly […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More