Mortgage rates are under 3% for the popular 5-year term. Bank of Montreal is the one, who likes to make a media splash any time when they lower rates. But other lenders have been offering such low rates for months…
Tag Archive for mortgage
Hot from the wires: ING stops accepting mortgage applications
by Vasko DeLev • • 0 Comments
If you were an ING mortgage customer you were probably a very happy customer. ING was known to offer an exceptional service and very competitive rates for several years. Last year Scotia Bank purchased ING Direct, but for awhile the…
Higher rates: Canada to be first
by Vasko DeLev • • 0 Comments
Nobody knows what kind of glasses economists use when they look into the future and try to predict stock market direction or interest rates. The truth is that whatever they say it is backed up by a mountain of data.…
Step by step guide for first time home buyers
by Vasko DeLev • • 0 Comments
Information is power. It saves time, it helps make a sound decision and reduces the moments of frustration, when you are confronted with a problem. To say that there is not enough information for home buyers would be grossly inaccurate. …
The mortgage landscape in Canada
by Vasko DeLev • • 0 Comments
CAAMP (The Canadian Association of Accredited Mortgage Professionals) released their annual survey of the mortgage industry in Canada. Authored by Will Dunning, the CAAMP’s chief economist, the report paints a detailed picture of the our mortgage industry. Pouring through the…
ING Direct leaving Canada
by Vasko DeLev • • 0 Comments
ING was and still is a bank with a character. It entered the Canadian market in 1997 and quickly become very popular. The young and internet savvy crowd quickly realized the benefits ING offered – no fee banking, high interest…
The story of a shrinking house
by Vasko DeLev • • 0 Comments
The news was loudly announced on newsprint, radio, TV and social media. Everybody now knows – the Canadian government has changed the mortgage rules by reducing the maximum amortization period to 25 years and limiting refinancing to only 80% of…
Ideas: Mortgage partner
by Vasko DeLev • • 0 Comments
Exchange a piece of your property for additional 20% down payment It’s not my idea; some smart people at Castle Trust in the UK are trying to get this off the ground, but I like it. It may make sense…
The Canadian mortgage market
by Vasko DeLev • • 0 Comments
A sober recapitulation Just released report by Will Dunning, the Chief Economist of Canadian Association of Accredited Mortgage Professionals (CAAMP), sheds light on the state of the mortgage business in 2011. Titled “Confidence in the Canadian Mortgage Market” the report…
The push for higher rates
by Vasko DeLev • • 0 Comments
Is it going to affect you? It’s not only Canadian government officials, who call for higher interest rates. The Organization for Economic Co-operation and Development (OECD) has once again tried to offer Canadians business advice. In short they say: Your real…