In the ever-evolving world of real estate and homeownership, navigating the sea of mortgage options can be overwhelming. For those living in Canada, it's no different. Whether you're a first-time homebuyer, considering refinancing your existing mortgage, or simply researching your options, the number of mortgages you can have in Canada is a common question. In this blog, we will delve into this intriguing topic and provide you with insights, solutions, and plans to make the right mortgage decisions.
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How Many Mortgages Can You Have In Canada?
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The Benefits Of Refinancing Your Mortgage With A Mortgage Broker
Getting a mortgage is hardly as simple as it was a few years ago. Today, there are more loops that you have to jump through and requirements to avail of mortgage solutions and refinance your mortgage.
As a professional mortgage broker in Saskatoon, I understand the importance of finding the right mortgage service for your needs. Refinancing your mortgage can be a daunting task, but it's a great way to save money and improve your financial situation. In this blog, I'll outline the benefits of refinancing your mortgage with a reliable mortgage broker.
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Top Considerations For Choosing A Competent Mortgage Broker
With seventeen plus years of experience in the mortgage industry, I understand the importance of choosing the right mortgage broker to assist you in securing financing for your home purchase. Choosing a competent mortgage broker can make all the difference in the world when it comes to securing the best possible mortgage rate and ensuring that the process runs smoothly.
In this blog post, I'll outline the top considerations you should keep in mind when choosing a mortgage broker. Whether you are a first-time home buyer, refinancing, at maturity or looking for private lending options, I can help you source the best mortgage product that is in your best interest.
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The Pros And Cons Of Fixed-Rate Vs. Adjustable-Rate Mortgages
As a professional mortgage broker in Saskatoon, at Deb Murdoch - TMG The Mortgage Group, II often get asked by clients which type of mortgage is better: fixed-rate or adjustable-rate. Both have their pros and cons, and the answer depends on your personal situation, long term goals and the state of the economy.
In this blog post, I'll break down the advantages and disadvantages of each type of mortgage, so you can make an informed decision that suits your needs.
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Canadians Now Pump More Into Residential Real Estate Than Business Development
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadians-now-pump-more-into-residential-real-estate-than-business-development/
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Mortgage Rates Are Rising. What Does It Mean for You?
Mortgage rates have spent the better part of the past year in near-freefall, with numerous terms setting fresh record lows.
But a couple of weeks ago, rates pulled a U-turn and have been starting to climb higher ever since. And here’s why. Since the beginning of February, 5-year Canada bond yields, which typically lead fixed mortgage rates, have surged. They’ve risen nearly 60 basis points over the past month to a 12-month high.
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Choosing a mortgage that is right for you
Original Article Source Credits: Canada.ca , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2021-01-22
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html
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Forecasting Canada’s Housing Market in 2021
Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021.
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Non-bank mortgage lenders offered relief in Q2
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: James Langton
Original Article Posted on: December 10, 2020
Link to Original Article: https://www.advisor.ca/news/economic/non-bank-mortgage-lenders-offered-billions-in-relief-in-q2/
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Canada’s Non-Bank Lenders See Arrears Rate Rise 11%, Despite Deferral Programs
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadas-non-bank-lenders-see-arrears-rate-rise-11-despite-deferral-programs/
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Bank Of Canada Ending Pandemic Program That Helped Real Estate Prices Surge
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/bank-of-canada-ending-pandemic-program-that-helped-real-estate-prices-surge/#_
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CREA reports Canadian home sales set record for September
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Canadian Press
Original Article Posted on: October 15, 2020
Link to Original Article: https://www.advisor.ca/news/economic/crea-reports-canadian-home-sales-set-record-for-september/
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Pandemic Has Increased Homebuying Intentions Among Young Canadians
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: September 29, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/09/pandemic-has-increased-homebuying-intentions-among-young-canadians/
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Canadian home sales climb again, set record for August: CREA
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: The Canadian Press
Original Article Posted on: September 15, 2020
Link to Original Article: https://www.advisor.ca/news/economic/canadian-home-sales-climb-again-set-record-for-august-crea/
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Average Canadian house price soared 18% in past year, CREA says
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Pete Evans
Original Article Posted on: Sep 15, 2020
Link to Original Article: https://www.cbc.ca/news/business/crea-house-price-1.5724433
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Average Canadian house price rose 14% in year up to July, CREA says
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Pete Evans
Original Article Posted on: Aug 17, 2020
Link to Original Article: https://www.cbc.ca/news/business/house-prices-numbers-july-1.5689129
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Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: August 6, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/08/fixed-or-variable-floating-rate-mortgages-losing-their-lustre/
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How to get around Canada's harsh new mortgage rules
Original Article Source Credits: Financial post , https://financialpost.com/
Article Written By: Juliette Baxter
Original Article Posted on: Jun 16, 2020
Link to Original Article: https://financialpost.com/moneywise/how-to-get-around-canadas-harsh-new-mortgage-rules
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How to qualify for a mortgage in an uncertain market
With COVID-19 challenges that include layoffs and deferred mortgage payments, getting a mortgage may be a bit tougher for some, whether it’s for a first home, or refinancing to consolidate debt, or simply renewing your existing mortgage with a new lender to take advantage of a lower interest rate.
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Top Five Things To Look For When Hiring A Mortgage Broker
While the home-buying journey is exciting, the intricacies of acquiring the right mortgage to fulfill your dream of homeownership can be much more cumbersome than expected. To alleviate some stress and ease the process of obtaining a mortgage, it’s best to enlist the services of an experienced mortgage broker who will review the different mortgage options available to help you select one that is ideal for your situation. To help you with the selection process, here’s a list of the top five things to look for when hiring a mortgage broker.