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Bruce Owens - ArticlesFor more information on buying your first home and the benefits of using a mortgage broker contact CanadianMortgagesInc.ca Talk of Looming "Mortgage Crisis" in Canada UnfoundedDoomsayers, prompted by a continual stream of bad news from the United States about the U.S. housing and mortgages market, continue to predict that Canada is next on the hit list of countries to be sucked into a mortgage and housing crisis triggered by events south of our border. Many... Equity Loans in Canada Provide Financing Solutions to Every-Day "Problems"Home equity loans provide solution for home owners in Canada to get household financing planning back on track. That is, unless you have a rich uncle to smooth out the stresses of the accumulation of debt, high interest rates, and/or needing some extra cash for education opportunities or a much... Mortgage Brokers In Ontario Governed By New Act And RegulationsMortgage brokers across Ontario came under the regulation of the Financial Services Commission of Ontario ("FSCO") on July 1, 2008 when Ontario's Mortgage Brokerages, Lenders and Administrators Act, 2006 came into effect. The new Act and regulations was put into place in order to protect consumers and mortgage professionals within... Mortgages Rules For Canadian Home Buyers to Be TightenedOn July 9th, the Department of Finance moved to tighten Canada's mortgages markets by announcing changes to the requirements for federally-backed mortgage insurance. The changes set minimum credit scores that home purchasers must meet to qualify for mortgage insurance on so-called 'high-ratio mortgages'' while restricting amortization terms to 35... Mortgages Made Easy For First-Time Home BuyersUnderstanding what mortgages are and how they work can be mystifying for first-time homebuyers faced with the need to get financing to purchase their first home. Technically, the type of mortgage that home buyers use to get a loan to purchase a home is a contractual instrument that gives... Refinancing Solutions Provided By Canadian Mortgage BrokersHome owners face a perennial refinancing decision each time the term on their existing home mortgage expires. Do you renew your mortgage with your existing bank or lender, or should you shop around to see if better rates and terms are available from another lender?
Most banks and institutional lenders will... Home Equity Loans Allow Canadians To Leverage Housing GainsHome equity loans can allow Canadian homeowners to leverage the gains they made in what was until recently a red-hot housing market into investments in other sectors. Home ownership, which was once the key fundamental to Canadians' wealth accumulation strategies, while still important, will likely take a back seat... Second Mortgages To Finance Home RenovationsSecond mortgages are allowing Canadians to realize their home renovation aspirations. Canadian homeowners have accumulated significant equity in their homes as housing prices have increased year after year in what has been, until recently, the hottest housing market this country has witnessed since the end of the Second World... Mortgage Renewals Advice Available For Canadians During Turbulent TimesMortgage renewals are becoming a hot topic as Canadians weighing their home refinancing and mortgage renewal options continue to wrestle with a wealth of information about the economy, the housing markets in Canada and where interest rates are headed. The Canadian economy and world economies, in general, seem to be... First Home Loans: Three Easy Steps to Securing Your First HomeThere is truly no place like home. A place to call your own, invite friends over, and just feel that you've finally made it! But where does one even begin to end up in the place where the keys have been placed in your hands, keys that will open the...
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