As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. Effective June 1, 2015, the mortgage loan insurance premiums for homebuyers with less than a 10% down payment will increase by approximately 15%.
We here at Mortgage Teacher are happy to announce the signing of our new mortgage agent Michelle Natareno to our London and surrounding area...
Deciphering your credit score can be difficult, especially if you don't know all the ways you can be hurting it. Your credit is not only attached to your credit card use, but with many everyday financial activities. Here are five things that can hurt your credit, and ways to prevent them from happening to you.
Certified financial planner Jeanette Brox says young Canadians still have a good reason to withdraw from their retirement plan to buy a house: current prices.
It may seem obvious, with today’s low interest rates, high rents and a strong housing market: If you’ve got the money, buy now. But how to know when you are truly ready to make the leap?
Like we mentioned last week... "will the banks follow?" well that question has been answered, and its a first for our Canadian banks.
If you have a variable mortgage, this concerns you....
We here at Mortgage Teacher are happy to be a part of the 2015 Ontario Curling Championship "The Tankard" held by the Ingersoll Curling Club at Dorchester Flight Exec Centre.
In case you have been watching the 5 year bond like we have, we have seen the Bank of Canada 5 year bond continue to nose dive in the past 2 months.. but will the banks decrease their rates?
Please share if you too are Thankful, How have these low mortgage rates helped with your Family and friends?