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Mortgage Watch: New Mortgage Rules

http://montrealhypotheque.blogspot.com/2010/03/new-mortgage-rules.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Frank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing. With mortgage insurance they only had to put down 5% of the $270,000 purchase price. They went with a closed variable rate at 2.25% and amortized the loan over 35 years. The deal was initiated with a mortgage broker, with Bank of Nova Scotia providing the financing. But while the W...

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Mortgage Watch: Shopping For Mortgage

http://montrealhypotheque.blogspot.com/2010/01/shopping-for-mortgage.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. The housing industry fired back yesterday at comments from Ottawa that the sector might be overheated with a new report that shows Canadians have become conservative in their mortgage choices. Leaving little chance for delinquencies. The Canadian Association of Accredited Mortgage Professionals. Of those, more than 70% had fixed rates for longer than five years. Shortly after Mr. Carney's remarks, Jim Flaherty, the Mi...

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Mortgage Watch: Shopping for Mortgages

http://montrealhypotheque.blogspot.com/2010/02/stephen-dupuis-chief-executive-of.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Stephen Dupuis, chief executive of the Toronto-based Building Industry and Land Development Association, said the study by the mortgage brokerages. Confirms conservatism is still ruling the housing market. He said first-time buyers. The most vulnerable to any change in rates, continue to overwhelmingly get long-term fixed-rate mortgages. Eighty six per cent of these home buyers chose fixed rate mortgages. Among borrowers ...

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Mortgage Watch: July 2009

http://montrealhypotheque.blogspot.com/2009_07_01_archive.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. New single-family home sales recorded an uptick in June, increasing 11 percent compared with May, to an annualized rate of 384,000, the Commerce Department said. It looks like a little pent-up demand for new homes. Is being unleashed, especially since prices are still falling. The Commerce Department also reported that the median price. For a new house stood at $206,200 in June, down 12 percent from last June. But the com...

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Mortgage Watch: February 2010

http://montrealhypotheque.blogspot.com/2010_02_01_archive.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. As terrible as it is to lose your house to foreclosure. At least it's a relief to put your biggest financial headache behind you, right? Former homeowners may still be on the hook if there's a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these "deficiency judgments" are ticking time bombs that can explode years after borrowers lose their homes. But who have run in...

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Mortgage Watch: March 2010

http://montrealhypotheque.blogspot.com/2010_03_01_archive.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Frank and Susan Williams bought a house near Hamilton, Ont., this month, they followed a time-honoured tradition of using leveraged financing. With mortgage insurance they only had to put down 5% of the $270,000 purchase price. They went with a closed variable rate at 2.25% and amortized the loan over 35 years. The deal was initiated with a mortgage broker, with Bank of Nova Scotia providing the financing. But while the W...

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Mortgage Watch: Facing Foreclosure ( part 2 )

http://montrealhypotheque.blogspot.com/2009/12/facing-foreclosure-part-2.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Facing Foreclosure ( part 2 ). Few of the low-income borrowers. Who were targeted by alternative lenders gave much thought to where their mortgage money was coming from. The way we understood it, as long as our mortgage was paid, they would just renew it. The joke was on me," said Joyce Marentette, a cook in Chatham, Ont., who was also told last year by Xceed. And property values have sagged, industry insiders say. Paul M...

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Mortgage Watch: October 2009

http://montrealhypotheque.blogspot.com/2009_10_01_archive.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Variable-rate mortgages better deal. May help you feel secure in your budgeting, but the Bank of Montreal says the more volatile variable rate mortgages will save you money in the long run. The bank put out a report Friday showing that, over the past 30 years, variable-rate mortgages. Have been more cost-effective about 82 per cent of the time. Variable rates change along with interest-rate moves. The question of whether ...

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Mortgage Watch: June 2009

http://montrealhypotheque.blogspot.com/2009_06_01_archive.html

Your guide to Canada Mortgage. Get The Latest News. Sign up to receive latest news. Governor Mark Carney has economists, and perhaps the markets, trying to read between the lines again, if not scratching their collective heads. The youthful central banker. Has made three public pronouncements in the past two weeks that have surprised listeners for their foreboding tone on economic developments. Particularly since Carney is widely regarded as being in the glass-half-full crowd. Bank officials refused to c...