Posts Tagged ‘Canadians’

What exactly is a Mortgage Broker and Why Should I Use One?

Are you undecided about using the services of a mortgage broker or sceptical as to what a mortgage broker can do for you? The purpose of this article is to clarify the many advantages and benefits you will receive when using the services provided by mortgage brokers in Canada.   I am optimistic that after [...]

If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?

“Lower than prime,” you heard someone say. Like most Canadians, you were probably first skeptical and then confused. We tend to think of the prime lending rate as the invisible “floor” of lending rates. The very best customers can get very close to that floor. It is theoretically possible, we reason, to actually be ON [...]

More Canadians are Turning to Mortgage Brokers

When it comes to mortgage financing, more and more Canadians are choosing to work with a professional mortgage broker. According to a recent study by the Canada Mortgage and Housing Corporation (CMHC), 23 per cent of mortgages written were arranged through a broker. Canadians are just catching up with their American neighbors, who are [...]

Mortgage “stores” are a Hit With Homebuyers

Question: “What’s the biggest financial investment most Canadians will ever make?” Okay, that may have been an easy one if you read the headline of this column. For most Canadians, their home is their biggest investment – and their most powerful financial tool. It’s odd – given the importance of the mortgage decision – [...]

Mortgage "stores" are a Hit With Homebuyers

Question: “What’s the biggest financial investment most Canadians will ever make?”Okay, that may have been an easy one if you read the headline of this column. For most Canadians, their home is their biggest investment – and their most powerful financial tool.It’s odd – given the importance of the mortgage decision – that many homebuyers [...]

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