A mortgage broker says banks and other lenders have begun to flag postal codes in flood-prone areas of southern Alberta.
Read more: http://tinyurl.com/k3ab5fg
Tag Archives: mortgages
Pick the right term, pay off mortgage faster
The trick to making a mortgage disappear faster is to minimize your total borrowing cost. And nothing dictates total borrowing cost more than the term you chose.
Read more: http://tinyurl.com/ks5m38q
How Mortgage Bonds Are Made
How do mortgages make it to Wall Street anyway?
None of the following is essential to understanding mortgages from a personal finance standpoint, I just thought the details of mortgage securitization and mortgage bond trading and structuring would be interesting for some people.
Read more: http://tinyurl.com/qbzdhah
GP market thriving despite mortgage rule changes
You may have fewer years to pay back your mortgage after the new rules came into effect last year, but that bullet barely had an impact on the real estate market in Grande Prairie.
Read more: http://tinyurl.com/ncl236d
Ever heard of mortgage cancellation fees? You soon might
You’re probably used to seeing cancellation fees from hotels, airlines and cellphone providers, but not when you’re getting a mortgage.
Such fees are slowly becoming more common as a small but growing number of discount mortgage brokers are tying cancellation fees to rock-bottom rates. Here’s why.
Read more: http://tinyurl.com/nngpdwc
One in five delaying first home purchase due to new mortgage rules: study
TORONTO – A new Bank of Montreal study suggests that roughly one in five potential first time homebuyers have postponed their purchase since Ottawa tightened Canada’s mortgage rules last year.
Read more: http://tinyurl.com/kc6fngk
Mortgage rates: Nowhere to go but up?
This week’s sharp increase in mortgage rates — the biggest one-week leap in 26 years — won’t likely be repeated, but a long era of historically low rates may be over.
Mortgage giant Freddie Mac said Thursday that the average 30-year fixed rate mortgage rose to 4.46%, the highest in almost two years, and up from under 4% the week before.
Read more: http://tinyurl.com/pm6x74g
As Investors Return to Jumbo Mortgages, Big Banks Sell
As home prices rise, demand for jumbo mortgages is rising too. And as investors look for new ways to cash in on the housing recovery, these mortgages are starting to look more attractive.
Read more: http://www.cnbc.com/id/100802833
Underwater Borrowers Becoming Accidental Landlords
Maria Wells said she never intended to be a landlord. She sells real estate; she doesn’t invest in it. Now the Florida resident owns two properties. One was her son’s, but he had to move to take a new job.
Read more: http://www.cnbc.com/id/100764601
Alberta homeowners best in country at debt reduction
CALGARY — Alberta homeowners report the most success in the country in year-over-year debt reduction.
A Manulife Bank of Canada survey has found that 60 per cent of homeowners in the province said they have less debt than they did 12 months ago.
Read more: http://tinyurl.com/nbsluno