Compare Mortgage Rates in Canada | LavaRates.ca » Compare Mortgage Rates ...

[...] Last week, we discussed the possibility of a small increase in mortgage interest rates. Bank of Montreal has just released a report stating that if interest rates rose by two per [...]

[...] After the ultra low mortgage interest rates of this summer, rates from several major lenders may be gradually inching upwards this fall. [...]

[...] With interest rates expected to rise in the United States this year, experts say it may be a matter of time [...]

[...] year as mortgage rates potentially increase. CMHC makes the following predictions on interest rates: CMHC expects interest rates to remain unchanged until the latter parts of 2015 and then [...]

[...] If you’re planning to take out a mortgage, then an independent mortgage broker can help you through the process, from initial underwriting to closing and beyond. However, [...]

[...] If your mortgage is up for a renewal and you are speaking to your mortgage broker, chances are the term “Monoline Lender” has come up at least one or twice. This [...]

[...] 1.5% to 2% of your purchase price set aside for closing costs. You will notice that your mortgage broker or bank will also ask to you to show that you have these funds available to you. If you are a [...]

[...] to $1500 to help with closing costs. This product is available through both Vancity and your Mortgage Broker and only offered in Greater Vancouver & Victoria. [...]

[...] property transfer tax, which is a one-time cost when you close on a real estate purchase, property taxes are paid annually for as long as you own the property, even after you’ve paid off the [...]

[...] towards the exemption). Some municipalities also have home owner grants that will lower property taxes for citizens and permanent residents. [...]

[...] In addition to the cost of buying a home, remember that you also need to pay for maintenance, property taxes and closing costs. One in five of the home-buyers with regrets wished they had negotiated [...]

[...] is in a desirable area near the university and your rent covers most of your costs (mortgage, property taxes, insurance, etc.), it could make sense to keep it as an investment and rent it out to [...]

[...] your mortgage as originally scheduled. Prepayment penalties are typically equal to three month’s interest on your current mortgage or the interest [...]

[...] and that the lender used an improper mathematical fee to calculate the woman’s prepayment penalties. All borrowers who took out mortgages through CIBC’s FirstLine Mortgages and President’s [...]

[...] mortgage allows you to move an existing mortgage to a new home while avoiding the prepayment penalties that would typically accompany the sale of a home. When you port a mortgage, you [...]

[...] at your loan’s maturity date or pay an extra 10 to 20 percent each year without incurring prepayment penalties, but beyond that, prepaying your mortgage may incur penalties. Talk to your mortgage [...]

[...] the time, we could only conjecture about how this rate reduction might impact borrowers and mortgage rates, but now we’ve seen its actual impact. Here’s a look at what’s happened since the [...]

[...] decrease, there will be less need for a stimulus. With bonds yields going up so will fixed mortgage rates. [...]

[...] late-night question or concern, this can be invaluable! Start your research by comparing all mortgage rates with us and we’ll connect you with top brokers in your area. [...]

[...] purchased in 2014, the average is 2.89 per cent. Nobody has a crystal ball, but I could see mortgage rates gradually inching up or remaining stable in the near future. [...]

[...] break from your mortgage payments, interest is still accruing, so it’s not really a vacation. Some banks also say that [...]

[...] . How was that for a simple change? Savings of just shy of $24,000 and 3 year less mortgage payments! STEP 2:  Increase your payments by $50 (or the equivalent of 10 fancy daily coffees) [...]

[...] mortgage default insurance is to protect your lender in the event that you default on your mortgage payments. If you stop making payments, the mortgage default insurer would protect your lender from [...]

[...] contrarian point of view in this piece about why retirement savings should come before extra mortgage payments. Carrick cites the Canadian Association of Accredited Mortgage Professionals’ mortgage [...]

[...] cannot “magically” appear in the borrower’s account at closing time, so mortgage lenders want verification that down payment money either came directly from the borrower or as a [...]

[...] The Big Banks and mortgage lenders across Canada are happy to once again drop their rates as Finance Minster Jim Flaherty steps [...]

[...] ’ve built up through mortgage repayments and/or appreciation of the home’s value. Some mortgage lenders require that you borrow at least $10,000 to $25,000 to take out a HELOC, while others [...]

[...] Mortgage lenders look at your credit score and history, among other factors, when they determine your [...]