by debtcancel | Apr 15, 2019 | Mortgages
Q: We are house hunting this spring and conventional wisdom tells us we should make our offer to purchase a home conditional upon certain terms – that the home pass a home inspection within five business days of the offer, for example. But what about in a competitive...
by debtcancel | Apr 1, 2019 | Mortgages
The Canada Mortgage and Housing Corp. said Friday that meeting that target will take help from governments and the economy — hence the aspirational nature of the goal. “We believe that everyone in Canada deserves a home that they can afford and that meets their needs....
by debtcancel | Jan 30, 2019 | Mortgages
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...
by debtcancel | Jan 14, 2019 | Mortgages
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...
by debtcancel | Oct 5, 2018 | Mortgages
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”...
by debtcancel | Aug 20, 2018 | Mortgages
With the new mortgage stress test coming (into) effect in January, this year has had more than its share of headlines about the difficulty of qualifying for a mortgage. But that could be about to change, at least for one group of buyers. Self-employed workers make up...
