Topic: Residential Mortgages

The purchaser will be paying interest on every dollar of the home’s value, as opposed to nicking off a good chunk, interest free, with a down payment.

Your credit score is one of the weightier elements used by lenders to determine your eligibility to receive financing and to decide the rate they will charge for your mortgage.

Find out how credit rating affects your mortgage rates and eligibility for most mortgage products.

The online mortgage calculator does all the math for you, and is a great asset in determining your true budget for home buying.

Canadians that believe they can allow others to use their names and credit records to attain mortgages on a property are mistaken. Doing as much can result in jail time and large fines.

Amidst falling housing prices, Canadian mortgage balances have risen for nearly a third of Canadian home owners.

Though rules vary from lender to lender, making a hefty pre-payment towards your mortgage before you discharge can yield positive effects.

Some mortgage brokers believe that professionals offering the lowest mortgage rates are sacrificing the value of professional guidance for rock bottom Canadian mortgage rates.

In recovery from the mid-2007 crisis faced by mortgage default insurance companies, private mortgage insurance has become popular once again.

With a growing number of brokers entering the Canadian mortgage market, how do you find the one that will work best for you?