Topic: Residential Mortgages

HELOC - Canada

Falling Housing Prices Mean It's Time To Act

By: The Super Broker

When home values begin to decline, it ‘s best to take action before lenders and home insurers start narrowing their allowances

HSBC

HSBC Closes Doors to Mortgage Brokers

By: The Super Broker

HSBC mortgage products were often attributed lengthy turnaround times, and only put forward occasional rate promotions.

High Ratio Loans

Mortgage Insurance is Not Just for High Ratio Loans

By: The Super Broker

Mortgage insurance protects the lender in the event the mortgagor defaults on their mortgage payments.

CMHC

Majority of First-Time Homebuyers Shop Online

By: The Super Broker

A CMHC study finds that First-time homebuyers conduct virtually all of their mortgage inquiries online.

Benchmark Rate

Higher Qualification Rates Posted by Banks

By: The Super Broker

On April 19th, all banks will be using what is referred to as a ‘benchmark rate’ to see who qualifies for a mortgage.

Flag

When to Lose the Bidding War

By: The Super Broker

There comes a point in time when a house price rises so high that a purchase may just not be a wise decision.

April 19 Deadline

Pre-Approved Rates Null After April 19

By: The Super Broker

As of April 19, all unsigned pre-approved mortgages will be made null and void due to the new qualifying rate rules.

Score Maker

New Tool to Improve Credit Score

By: The Super Broker

ScoreMaker gives advice to potential homebuyers on how to boost their credit score.

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