Mortgage payments

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Pay off your mortgage early

Let the financial dust settle and relax, then think about what options you have to improve and shrink your long-term debt from the mortgage Everyone wants us to be in debt. Shops want you to take on debt so you will buy more stuff, banks want you in debt for the interest they receive from [...]

By |2017-01-04T01:02:19+00:00November 24th, 2013|Mortgage Tips|0 Comments

Is refinancing right for you?

There are numerous reasons why homeowners choose to refinance their mortgages - everything from debt consolidation to freeing up money for their child's education to using their home equity to buy another property. But the most popular reason for refinancing at this time of year is for holiday gift buying and entertainment. Planning ahead really [...]

By |2013-11-19T06:16:15+00:00November 19th, 2013|Mortgage Tips|0 Comments

Canadian Mortgage Rules

Changing regulations in Canada’s mortgage market Since 2008, the federal government has made several changes to the rules for mortgages insured through the Canada Mortgage and Housing Corporation (CMHC) and other private sector mortgage insurance providers. These rules affect home buyers with less than a 20 per cent down payment and these changes will impact [...]

By |2017-01-04T01:02:19+00:00October 31st, 2013|Mortgage Tips|0 Comments

Mortgage Pre-payment: Know your options

Overview Mortgage prepayment refers to paying more than the regular mortgage payments you have agreed to pay in your mortgage contract. Examples of prepayment: increasing the amount of your regular mortgage payments making lump-sum payments to reduce your mortgage balance paying off your mortgage in part or in full before your term is over. If [...]

By |2017-01-04T01:02:26+00:00June 13th, 2013|Mortgage Products, Mortgage Tips, Uncategorized|0 Comments