A typical mortgage specialist or broker hears the question, “What’s your best rate?” hundreds of times a year. What they...
This week’s Globe column takes a look at 5% downpayments. With some basic assumptions (but no predictions), we paint a...
Mortgagors incur borrowing costs on three occasions: At origination (i.e., closing costs) During the term (payments and misc. fees) At...
National home prices are inflated by almost every measure, including: median price/median income, prices/rents and prices/GDP. In this week’s Globe...
Effective today, mortgage shoppers with less than 20% equity are subject to the new mortgage rules announced recently by the government. These...
One-year fixed mortgages are the next best thing to a variable rate. But a one-year term isn’t for everyone. If...
The bulk of Canada’s 400+ prime mortgage lenders are smaller institutions. (That number includes credit unions.) At any given time,...
You’ll see a lot of financial experts advising young folks to save for a bigger down payment. That’s often solid...
For years, financial experts have advised home buyers to sock away emergency savings. Most advisers view contingency funds as a...
If you’re getting a new long-term mortgage, odds are you’re going to fiddle with it before maturity. The majority of...
