A recent study by CIBC indicated that nearly half of all mortgages in Canada (47%) are due for renewal during 2018. (Original source) Making decisions about the best mortgage option is in the minds of millions of homeowners now more than ever. When shopping around for a mortgage, there’s more
What can you do with Equity?
You might wonder what you get out of all that equity and why its raved about. The short answer is that it's an asset that you can trade for any monetary transaction. Of course, There are benefits to paying off your loan early, the first, and most substantial, is you will pay less interest over the
HSBC undercuts BMO, TD on variable rates.
HSBC Canada cut its five-year variable mortgage rate to 2.39 percent as banks compete for customers amid a slump in home sales. The Canadian division of London-based HSBC Holdings Plc also cut its five-year fixed rate for some mortgages to 3.09 percent, the lender said in an emailed statement. Bo
How To Save Money For A Down Payment
Buying a house can be expensive, but it is not impossible. Based on the purchase price, saving for a downpayment of a property is one of the first steps to acquire a house. A down payment is the amount of money you pay upfront for a property to get your mortgage. It is typically done in cash and
How To Win A Bidding War For Your Dream Home
The GTA's hot housing market could be cooling if you've been paying attention to the latest monthly sales statistics. According to the Toronto Real Estate Board (TREB), year-over-year sales were down 20 per cent in May, while listings were up 43 percent. Despite the hefty drop in GTA home sa
Buying Home Equity
There are a million things to love about being a homeowner. The freedom and the comfort of owning your own space is what everyone’s dream is built on. Buying a home sooner rather than later can be very beneficial. This is because a home allows you to build equity. And the sooner you begin, the s