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Category: Mortgages (12 posts)

Should You Get a Shorter-Term Mortgage, Make Extra Payments, or Something Else?

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

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

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

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

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

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!

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

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

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%

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?

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!

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]

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