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.

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Shane Murphy

Original Article Posted on:  April 19, 2021

Link to Original Article:  https://financialpost.com/moneywise/five-reasons-you-need-to-know-your-credit-score

Purchasing a new home in a neighborhood that fulfills your lifestyle aspirations can help create beautiful memories for the whole family. However, there are numerous tasks involved with financing your dream, which could make the process stressful.

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.

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

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.

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/ 

Article Written By:  NA

Original Article Posted on:  NOVEMBER 16, 2020

Link to Original Article:  https://betterdwelling.com/cmhc-finds-toronto-and-vancouver-mortgage-debt-ratios-fall-but-not-as-it-seems/

Original Article Source Credits:    CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  OCTOBER 16, 2020

Link to Original Article:  https://betterdwelling.com/bank-of-canada-ending-pandemic-program-that-helped-real-estate-prices-surge/#_

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/

Original Article Source Credits:   Mortgage Broker News , https://www.mortgagebrokernews.ca/

Article Written By:  Clayton Jarvis

Original Article Posted on:  20 Oct 2020

Link to Original Article:  https://www.mortgagebrokernews.ca/news/a-closer-look-at-canadas-offthe-charts-home-sales-activity-in-september-334322.aspx

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/

With the introduction of the stress test, home seekers have been finding it a challenge to secure a mortgage, and are turning to their parents for support, or are deciding to rent for longer. A mortgage broker can present viable lending options to keep the dream of homeownership alive.

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

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/

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

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.

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.

Thanks for stopping by my blog. If you’re looking for more information about Deb Murdoch - TMG The Mortgage Group, you’ve come to the right place.

As an experienced homebuyer or a first-time homebuyer, the process of purchasing a house can be overwhelming. Your first step should be to see what amount (for a mortgage) that you would qualify for. Then you can narrow down the properties that match your requirements. To help you through the qualification process contact a mortgage broker. They have your best interests at heart.