December 1, 2010
Title insurance offers a surprisingly broad and inexpensive way to cover yourself against a host of potentially expensive problems relating to your property. To learn more, check out today's post.
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Welcome to Canada's Premier Mortgage Blog
November 24, 2010
Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? Using current interest rates, today's post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are both surprising and definitive.
November 17, 2010
Today’s post challenges Finance Minister Flaherty to keep the promise he made in his 2010 federal budget, and address the lack of lender disclosure around fixed-rate mortgage penalties.
November 11, 2010
Is the constant bad news about US real estate prices influencing your fears of a Canadian housing bubble? If so, it's understandable. Today's post looks at the US lending practices that led to their housing bust and compares them to Canada's lending policies over the same period.
November 3, 2010
Pre-approvals are the most misunderstood part of the mortgage process. Today's post gives you a candid assessment of what to expect when you apply for one.
October 27, 2010
If you waive your financing condition without a fully qualified commitment from your lender, you are taking a substantial financial risk. That said, most people still do this as a matter of course. Today's post explains why this happens and gives you some tips on how to minimize your exposure if you decide to waive financing without a firm lender commitment in place.
October 20, 2010
TD Bank will now register its fixed-rate mortgages as collateral charges and will offer you the option of registering your mortgage at 125% of the current value of your home. Should you take this offer, or run?
October 13, 2010
In Part Two, we look at which mortgagors are best suited to making their mortgage tax-deductible, and we answer some common questions people have when considering this strategy.