18th September 2007
You have probably heard that it is preferable to make your home loan payments as frequently as possible. How can we best understand this concept?Let us look at the two different ways of making weekly or twice monthly payments (prêt hypothécaire). -acce...
26th July 2007
The situations that most often result in a mortgage penalty
(Note: This is only a part of a series of critical articles on the subject of mortgage penalties. You may have a question that is better answered in one of our other articles. The complete lis...
23rd July 2007
How are mortgage penalties calculated?
(Note: This article is part of a series of articles on the subject of mortgage penalties. It may be that your question on penalties may be better answered in another article. The list of the other articles on pen...
23rd July 2007
Variable Rate Mortgage Strategy
More and more borrowers know and understand and consequently use, variable rate mortgages today than ever before.
A report by Dr. Milevski (York University, Toronto) indicates that between 1950 and 2000, variable rat...
19th June 2007
What do home lenders fear?
So that you to understand mortgage loans better, you have to understand the “fears” of a home loan lender. Once you understand their point of view better, you can see whether they will accept your mortgage application - ...
21st May 2007
The three distinct types of mortgage consultants are:
• The representative of the local bank branch: This person can only offer loans, not a full strategy, and they have regular banking duties to do. They are paid a salary by the bank that employes ...
15th May 2007
When you are deciding upon a mortgage advisor (courtier hypothécaire), make sure you find one with the expertise to assist you in your situation.
New lenders come onto the mortgage market in Canada every year, at least six new ones in 2006 alone. Othe...
11th May 2007
An important part of the confidence you will have in your mortgage consultant (courtier hypothécaire) comes from his integrity.
Integrity has been described as being the quality of an honest, incorruptible person, a person whose behavior is above repr...
10th May 2007
Repayment of a mortgage is an endurance sport. There are many strategies that can help you to win (that is, pay less interest). A good mortgage consultant (courtier hypothecaire) is an important asset who is able to help you get a good mortgage with the...
19th April 2007
Once you start negotiating for a home mortgage, one of the most important things a bank will look for is a down payment. Even a small down payment will have an effect on your mortgage - hypotheque.
How can I obtain a down payment for my home loan?
...
10th April 2007
If you are interested in
-Paying off your home loan faster (taux hypothécaire)
-Saving taxes
-Saving for retirement
And who wouldn’t be? Read on.
There is a home loan strategy called “the Smith Maneuver” that lets you achieve all of the...
31st March 2007
You have frequently heard it said that you are better off making mortgage payments once a week or every two weeks.
How does this strategy ? - prêt hypothécaire
To answer this question, you have to examine the two alternate ways of making these payme...
28th March 2007
If you are thinking about an open mortgage (hypotheque) because you prefer the idea of the freedom of paying it off when you want, make sure you understand the total costs.
An open mortgage will allow you to pay off your mortgage balance with no penalt...
27th March 2007
It will be difficult to choose the right mortgage strategy for your circumstances and that will save you the most money without understanding what influences interest rates in the first place (taux hypothecaire).
The subject of interest rate movements...
14th March 2007
You can save thousands, if not tens of thousands of dollars on a home loan if you choose the right loan strategy (prêts hypothécaires). Even on a $100,000 mortgage, the savings can be considerable.
So the real question is what should I be doing besides...
