Tag: mortgage payment

New mortgage insurance rules.

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 …

amazing mortgage calculator

Mortgage calculators can help homeowners pay off mortgages before the average age

By: The Super Broker

A poll found that the average age a Canadian person will be before paying off their full mortgage is 57, according to St. Lawrence EMC. This is up a few years compared to age 55 a similar poll conducted in 2012 found. Canadians are making positive changes to speed up mortgage payments, but it may …

Canadian homebuyers' mortgage expectations surveyed

By: The Super Broker

The results of a new survey from CIBC reveal that Canadian homeowners aren’t expecting to be mortgage-free until they’re 57 years old.

Homebuyers should invest now

By: The Super Broker

Despite mortgage rates remaining near all-time lows, many Canadians are not planning on taking the plunge into homeownership any time soon.

low mortgage rates

Canadians confident in low mortgage rates

By: The Super Broker

A new poll from the Canadian Imperial Bank of Commerce sheds some light on Canadians’ feelings regarding the current housing market.

Saving on home loans

By: The Super Broker

While household debt in Canada is at an all-time high, economists are saying progress is being made.

Understanding interest-only loans

By: The Super Broker

One alternative that buyers may be unfamiliar with are interest-only loans.

Comparing mortgage rates saves time, big money

By: The Super Broker

As many find out, applying for and obtaining a mortgage may seem like a big step in being a homeowner, but the work doesn’t end there.

cut years off your mortgage

Pay now, save later

By: The Super Broker

According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), nearly 60 percent of Canadians only pay the monthly minimum on their mortgages.

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