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Category: Mortgages (19 posts)
Why Borrowers May Choose a Private Mortgage
February 25, 2021 | Posted by: Mortgage InGenuity
Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ... [read more]
How to Handle a Mortgage After a Separation or Divorce
February 10, 2021 | Posted by: Mortgage InGenuity
Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ... [read more]
Reverse Mortgages – Impact on Heirs
September 9, 2020 | Posted by: Mortgage InGenuity
How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ... [read more]
When Is Mortgage Refinancing a Bad Idea?
June 10, 2020 | Posted by: Mortgage InGenuity
Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ... [read more]
5 Smart Ways to Use a Home Equity Line of Credit
April 22, 2020 | Posted by: Mortgage InGenuity
For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ... [read more]
What should you consider when refinancing your mortgage?
April 8, 2020 | Posted by: Mortgage InGenuity
Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ... [read more]
Should You Pay Off Your Mortgage Early?
February 26, 2020 | Posted by: Mortgage InGenuity
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ... [read more]
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Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?
September 26, 2018 | Posted by: Mortgage InGenuity
When getting a home mortgage, if you can afford higher payments, often the option of a 15-year loan instead of one of 30 years is an option. It can be an enticing idea to know that you'll be free of a ... [read more]
Four Strategies That Can Help You Get Approved for a Mortgage
February 14, 2018 | Posted by: Mortgage InGenuity
So, you've decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, es ... [read more]
Looking to Invest? Pay Down Your Mortgage Instead
January 25, 2018 | Posted by: Mortgage InGenuity
With all the gloomy news about pension plans in the press you may be worrying whether you should actually be investing in a pension plan or not. A new wave of thinking suggests possibly not. There may ... [read more]
Buying a Home, Step One: Mortgage Pre-Approval
April 11, 2017 | Posted by: Mortgage InGenuity
Whether you're looking to buy your first home, or haven't purchased a home in the past several years, you may be surprised to discover that searching your local real estate listings is not the best pl ... [read more]
Bank of Canada Leaves Rates Unchanged
January 18, 2017 | Posted by: Mortgage InGenuity
The Bank of Canada has left rates unchanged. Prime Rate remains at 2.50% The Bank of Canada cites that rates will remain unchanged due to the Trump Factor and the uncertainty of New U.S. Poli ... [read more]
CMHC and The Potential Down payment Rule Change
November 23, 2016 | Posted by: Mortgage InGenuity
CMHC is contemplating changing rules on down payment, increasing from 5% to 10%. Which I feel is the incorrect approach. You are going to harm the only thing that is driving our economy and this is no ... [read more]
Mortgage Rate Alert!
November 11, 2016 | Posted by: Mortgage InGenuity
Mortgage Rate Alert: RBC has followed TD with raising their Lender Prime Rate to 2.85%. Also, the US Election has affected the Bond Market in Canada with Bond Yields spiking, which may prompt mortgage ... [read more]
Department of Finance - Mortgage Rule Changes for October 17, 2016
October 6, 2016 | Posted by: Mortgage InGenuity
Department of Finance Canada Announces New Mortgage Regulations Making it Harder to Qualify (Effective Oct. 17th)Starting October 17th all insured mortgages will be qualified at the mortgage qualifyin ... [read more]
5 Simple Ways to Get Your Home Ready to Sell
August 24, 2016 | Posted by: Mortgage InGenuity
If you are working up to selling your home, there are a few quick updates that you can do to get it in better shape for the market. Minimal time upfront getting your property ready to sell can make al ... [read more]
Bank of Canada Announces - Mortgage Qualifying Rate Increases to 4.74%
July 8, 2016 | Posted by: Mortgage InGenuity
Bank of Canada Announces Today - Mortgage Qualifying Rate increase 10bps to 4.74%. In an effort to slow down Home Purchases and to curve household debt, the BOC increases the mortgage qualify ... [read more]
Should You Spend the Full Mortgage Amount You're Approved For?
June 20, 2016 | Posted by: Mortgage InGenuity
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]
Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
June 19, 2016 | Posted by: Mortgage InGenuity
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ... [read more]
