With housing prices stalled, or even having falling in some local markets, Canadian home owners seeking mortgage refinancing and who are looking at a high ratio mortgage – i. e. , home owners who are refinancing a mortgage where the mortgage exceeds 80% of a home’s current market value, or those looking at a second [...]
Posts Tagged ‘Lending Institutions’
High Ratio Mortgages: Refinancing Options For Canadian Home Owners
Posted by admin on December 28th, 2009
Posted in Articles 
Tags: Affordable Mortgage, Bank Act, Caisses Populaires, Canadian, Canadian Mortgage And Housing Corporation, Canadian Mortgages, Current Interest Rates, Current Market Value, Federal Crown Corporation, First Mortgage, Genworth Financial, High, High Ratio Mortgage, home, Lending Institutions, Mortgage Amount, Mortgage Default, Mortgage Insurance, Mortgage Loan Insurance, Mortgage Refinancing, Mortgages, options, Owners, Private Mortgage, Ratio, Refinancing, Refinancing A Mortgage, Second Mortgages 
No Comments »An Introduction to Mortgage Backed Securities
Posted by admin on December 26th, 2009
What Are Mortgage Backed Securities? Mortgage backed securities are securities that are backed by the principle and interest payments on a group of mortgage loans. Lenders group together mortgages and the money that is repaid by the borrowers’ pays investors in the mortgage backed securities. Why Do Mortgage Lenders Issue Mortgage Backed Securities? There are [...]
Posted in Articles Tags: Backed, Borrower Defaults, Creditworthiness, Fannie Mae, Federal Loan, Federal National Mortgage, Federal National Mortgage Association, Financial Mess, Full Faith And Credit, Ginnie Mae, Government National Mortgage, Government National Mortgage Association, Introduction, Investo, Lending Institutions, Liquid Assets, mortgage, Mortgage Backed Securities, Mortgage Backed Security, Mortgage Lenders, Mortgage Loans, National Mortgage Association, Principle And Interest, Securities No Comments »Current Mortgage Rates and How They Affect Home Sales
Posted by admin on December 26th, 2009
There are a variety of factors that affect mortgage rates. Mortgage rates are tied to the fed rate, but they are also affected by supply and demand. At a time that home sales are high, mortgage rates may creep up, while sluggish home sales may prompt financial institutions to cut mortgage rates. Because the majority [...]
Posted in Articles Tags: Affect, Converse, Credit Scores, Current, Current Mortgage Rates, Economic Principles, Fed Rate, Financial Institutions, Fixed Rate Mortgages, home, Lending Institutions, Loan Application, Low Mortgage, Lower Mortgage, mortgage, Mortgage Mortgage, Mortgage Rate, Peo, President Of The United States, Prospective Home Buyer, rates, Rates Mortgage, S Market, Sales, Sub Prime Lending, Supply And Demand, They No Comments »Tips for identifying best mortgage rates
Posted by admin on December 23rd, 2009
Identifying the best mortgage rate is not very easy. There are various other factors to be considered to identify the best mortgage rate. You can identify the best mortgage rate based on the interest rate, the time duration for which you wish to hold onto the mortgage, the Annual Percentage Rate or APR and whether [...]
Posted in Articles Tags: Annual Percentage Rate, Best, Best Mortgage Rate, Best Mortgage Rates, Careful Comparison, Current Mortgage Rates, Economic State, Experienced Mortgage, Home Mortgage Calculator, identifying, Lending Institutions, Mortg, mortgage, Mortgage Agent, Mortgage Broker, Mortgage Brokers, Mortgage Lenders, Mortgage Loan Rate, Mortgage Options, Mortgage Plan, Payment Mortgage, Rate Mortgage, rates, Time Duration, Tips No Comments »What exactly is a Mortgage Broker and Why Should I Use One?
Posted by admin on December 23rd, 2009
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 [...]
Posted in Articles Tags: Bank Representative, Broker, Canadian Banks, Canadians, Comprehension, Credit Unions, exactly, Finance Companies, Financial Services Commission Of Ontario, Fsco, Insurance Broker, Lending Institution, Lending Institutions, mortgage, Mortgage Broker, Mortgage Brokers, Mortgage Canada, Mortgage Product, Mortgage Products, Ontario Mortgage, Private Lenders, Should, Time Man, Trust Companies No Comments »Residential Mortgages (part 1)
Posted by admin on December 19th, 2009
Choosing a residential mortgage in today’s market can seem like a daunting task. The borrower can be faced with a myriad of choices. Each lending institution presents their respective claims to the enquiring borrower in an attempt to entice them to use their residential mortgage product. Each one assures the borrower that their product is [...]
Posted in Articles Tags: Aig, Bad Credit History, Borrowers, Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Cmhc, Daunting Task, Genworth, Genworth Financial, High Ratio, Insurer, Lending Institution, Lending Institutions, Mortgage Product, Mortgages, Own Resources, part, Residential, Residential Mortgage, Residential Mortgages, S Market, Typical Fees, Verifiable Income No Comments »Cabin Fever? Mortgaging for Recreation Properties
Posted by admin on December 17th, 2009
All across Canada we’re seeing the recreational property market continue to go through the cedarshingled roof. Industry experts predict another year in which buyers seeking a property may outnumber the recreational properties available. The boomers are in their peak income years and have benefited from an unprecedented climb in the valuations on their primary homes. [...]
Posted in Articles Tags: Cabin, Cabin Fever, Fever, Lending Institutions, Low Mortgage, Luxury Accommodations, Luxury Waterfront, Mortgage Rates, Mortgaging, Ocean Beach, Perfect Getaway, Principal Residence, Properties, Property Markets, Rare Occasions, Recreation, Recreation Properties, Recreation Property, Rustic Simplicity, Rustic Structures, Second Mortgage, Ski Slope, Style Cottages, Teardowns, Timeshare Properties No Comments »If Mortgage Rates Can Fall Through the “floor” of the Prime Rate…what Else is Under the Floor?
Posted by admin on December 11th, 2009
“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 [...]
Posted in Articles Tags: Acceptance Rate, Acceptance Rates, Benchmarks, Business Reporters, Canadian Lenders, Canadians, Else, Fall, Financial Institutions, Firstly, floor, Lending Institutions, Loan Options, Money Rates, mortgage, Mortgage Rate, Mortgage Rates, New Mortgage, Prime, Prime Lending Rate, Prime Rate, Professional Money Managers, Rate...what, rates, Rock Bottom, Slate, Through, Under, Variable Mortgage No Comments »Pick the Right Perks for your Adjustable Rate Mortgage
Posted by admin on December 9th, 2009
These are heavy days for Canadian homeowners. If you’ve been in your home even a few years, you’ve probably already enjoyed a modest climb in the value of your home. Even if you don’t intend to sell, it’s good to know that your real estate investment is doing well. But we’re also enjoying an environment [...]
Posted in Articles Tags: Adjustable, Adjustable Rate Mortgage, Adjustable Rate Mortgages, Bankers Acceptance, Canadian Homeowners, Fixed Rate Mortgages, Institutional Rate, Lending Institutions, Low Mortgage, Lows, mortgage, Mortgage Features, Mortgage Options, Mortgage Rates, Mortgage Types, New Mortgage, Ontario Mortgage, Perks, Pick, Prime Rate, Rate, Real Estate Investment, Right, Right Combination, Rock Bottom, Unprecedented Number No Comments »More Canadians are Turning to Mortgage Brokers
Posted by admin on December 8th, 2009
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 [...]
Posted in Articles Tags: American Neighbors, brokers, Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Canadians, Chartered Banks, Cmhc, Full Spectrum, Independent Mortgage Broker, Investment Returns, Lending Institution, Lending Institutions, More, mortgage, Mortgage Brokers, Mortgage Business, Mortgage Options, Mortgage Professional, Mortgage Rates, Ontario Mortgage, Option Information, Personal Visits, Professional Mortgage Broker, Sea Of Change, Turning No Comments »