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My Mortgage Blog — Latest Posts
Is Refinancing An Option?
To no one’s surprise The Bank of Canada has left its key interest rate unchanged at 0.5%. After reading the latest Monetary Report, it doesn’t sound like it will raise its policy rate any time soon....
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Why does an appraisal come in lower than expected?
Changes in mortgage rules for home buyers and insurers certainly have had an impact on the housing market, and those changes have impacted property appraisals as well. Typically, conventional...
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REFINANCE TO PAYOUT DEBT
The debt-to-income ratio is in the headlines again. This time the ratio rose to 167.3% in the fourth quarter of 2016 compared to 166.8% in the third quarter. That means for every dollar of disposable...
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MORTGAGE DEFAULT INSURANCE; MORTGAGE CREDITOR INSURANCE; HOME INSURANCE
There are three types of insurances involved in the mortgage process - mortgage default insurance, mortgage creditor insurance, home insurance. Do you need all of them?NO! You will always need home...
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