Tag: homebuyers

Happy Home Hunting Tips for Canadians

By: Elias Kellendonk

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.

Mortgage insurance rule changes…how will they affect you?

By: Tamar Leis

In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the …

Department of Finance rules lead to fewer first-time home loans

By: The Super Broker

Rules issued by the Department of Finance last year that tightened mortgage standards appear to be having their intended effect, slightly suppressing demand by first-time buyers, especially in British Columbia. While approximately 20 percent of people across Canada who were looking to secure first-time home loans delayed such a move due to the new rules, …

Creeping mortgage rates are part of housing market's soft landing

By: The Super Broker

The reports of the demise of Canada's housing sector appear to have been greatly exaggerated. According to the Royal LePage House Price Survey, housing prices across the country continue to post relatively modest gains, and home loans have been kept in check, leading to market stability. And, defying those who had predicted an imminent collapse, …

Home loans soon to be under stricter regulation

By: The Super Broker

The Canadian Mortgage and Housing Corporation (CMHC) recently issued new guidelines for the use of debt ratios and confirmation of income documents in their mortgage calculators. Set to take effect on December 31, 2013, many lenders are already adhering to the stipulations, while others, like Genworth Canada, are in the process of reviewing them, and may …

Buying an older home

By: The Super Broker

It may seem like everything in modern life is about the latest and greatest, but sometimes you can’t beat the charm and craftsmanship of something from the past.

Buying a condominium

By: The Super Broker

When it comes to taking out home loans, there is no shortage of options on what types of properties to purchase.

Buying an energy efficient home

By: The Super Broker

Purchasing a property is a major life decision, so it only make sense that home buyers would want to ensure that their financial investment makes sense in the long run.

Dealing with debt

By: The Super Broker

Taking on debt in order to buy a home is not a reckless action; it’s an investment in the future.

Understanding title insurance

By: The Super Broker

With more lenders now requiring title insurance as part of a mortgage loan, it’s vital that potential home buyers fully understand what title insurance is.

Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage