How Can I Pay Off My Mortgage Faster?

How Can I Pay Off My Mortgage Faster?

Question: I have been coasting along with my mortgage payments, and now I want to kick it into high gear. If I am looking to get a new mortgage or renew the one I have, what kind of research should I do to make sure I can pay off my mortgage faster? Shop around – and...
Tempered Rate Hike Forecasts for 2019

Tempered Rate Hike Forecasts for 2019

Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at last month’s rate hold announcement, which...
INDUSTRY NEWS – October 5, 2018

INDUSTRY NEWS – October 5, 2018

Back in 2013, the B-20 rules as underwriting guidelines for residential mortgages came into effect. The rules were put in place as a direct response to the financial issues in the United States caused by “poor mortgage lending practices”...
Is It Worth Buying a “Fixer-Upper” Home?

Is It Worth Buying a “Fixer-Upper” Home?

Q: I know fixer-uppers provide excellent value, but I’m worried I’ll be in indefinite renovation mode for years if I pay for one home improvement project at a time. Should I stick to a turnkey property? A: You’re right, fixer-uppers offer excellent value. (And no, you...