How The New Mortgage Rules Affect House Prices
Posted April 27, 2010 – 2:50 pm in: MortgageOn Tuesday February 16th, 2010, Canada’s Finance Minister, Jim Flaherty, announced that the Government will be changing Canada’s mortgage regulations in effort to prevent potential mortgage borrowers from acquiring mortgages that they cannot afford. Due to the increasing concerns about consumers being attracted to low mortgage interest rates, especially borrowers who are securing variable-rate mortgages starting at very low levels, there are worries that many mortgage holders may not be able to afford the monthly mortgage payments which could result in a housing bubble. Flaherty announced that the Government will be implementing tougher restrictions regarding how banks go about approving mortgages. For people looking to purchase a new home, it is important to understand how the government mandated mortgage rules will affect home prices.
No Comments | Tags: banking, debt, housing prices, Loans, Mortgage, mortgage rates, mortgages
Why Are There So Many Different Mortgage Rates?
Posted March 19, 2010 – 2:14 pm in: MortgageLooking at mortgage rates can be a bit confusing at times. Where do you look? What options do you have? Here are some answers to consider.
No Comments | Tags: housing, interest, interest rates, Mortgage, mortgage rates, rates, real estate
Mortgage Rate Predictions For The Next Few Years
Posted February 6, 2010 – 8:02 am in: MortgageIn recent years, the housing market has been on a very bumpy financial ride. Due to the sub-prime mortgage crisis which resulted in millions of homeowners losing their homes due to the inability to pay their monthly mortgage payments, President Obama’s mortgage refinance stimulus plan was implemented to help people stay in their homes and encourage people to buy a home. The plan included lowering interest rates so that people could take advantage of the savings. Now that the economy has shown signs of improving, many people are wondering how long mortgage rates will stay low or if there is going to be an increase in the coming months and next few years.
4 Comments | Tags: economy, GIC, housing, interest, Mortgage, mortgage rates, rates
Top Tips For Fixed Rate Mortgages
Posted November 13, 2009 – 6:00 am in: MortgageThe following article includes pertinent information that may cause you to reconsider what you thought you understood about the top 10 fixed rate mortgages. The most important thing is to study the cheapest fixed rate mortgages with an open mind and be willing to revise your understanding if necessary.
No Comments | Tags: finance, home mortgages, Loans, Mortgage, mortgage assistance, mortgage calculators, mortgage companies, mortgage lenders, mortgage loans, mortgage rates, mortgage refi, mortgage refinancing, mortgages, refinance mortgages, reverse mortgages
Advice To Help People Regarding Mortgage Rates
Posted November 12, 2009 – 12:33 pm in: MortgageWhen it comes to mortgage rates there are lot of things that people need to think about. The types of mortgages that are around can have a large bearing when it comes to mortgage rates as that is what they are based on. Let’s look at some of the more important things that a person should look at when they are pursuing a mortgage.
No Comments | Tags: Credit, housing, Loans, money, Mortgage, mortgage rates, mortgages, Personal Finance
