There’s a lot more to buying a home than simply signing the Agreement of Purchase and Sale. Not only will you need to put enough money aside for your deposit and down payment, you’ll also want to budget for your closing costs. Many homebuyers make the mistake of not putting enough money aside for these
Archive for the ‘Mortgages’ Category
Flaherty Announces Mortgage Rules Changes
Finance Minister Jim Flaherty has announced that the government is now tightening up their mortgage rules. There are a total of 3 changes made to Canada’s mortgage rules: The maximum amortization has been reduced to 25 years from 30 years. They are also lowering the maximum amount you can borrow when refinancing a property from
Mortgage Change – 10 Year Fixed Mortgage Rates at all time Low
It came to my attention that on January 13th, 2012, ING announced that it would be lowering the rate on its 10 year fixed mortgage to a record low of 3.99%. As it stands, other lenders will be following this and allowing borrowers to access 3.84% through mortgage providers on none other than RateHub. In
ING Direct Canada Launches HELOC
It recently came to out attention from our good friends at RateHub that n December 10th, ING Direct announced the launched of its newest mortgage product. The new mortgage product ING has launched is none other than its very own Home Equity Line of Credit (HELOC). In case you were unaware, until Dec. 10, 2011,
Save on your Mortgage in 3 Simple Steps [Infographic]
A lot of us are always looking out to see where we can save money; whether it is saving money through groceries or bringing your own lunch to work, there is always something you can do to minimize your expenses. What a lot of people tend to overlook is that their mortgage is a place
Mortgage Calculator Match 6: ING Direct Canada vs Royal Bank of Canada
Is is that time of the week again where we will see two banks’ mortgage calculator face off in the Mortgage Calculator matches. The great news about this match is that it marks the beginning of the second round, otherwise known as the semi-finals. This week the two contenders are ING Direct Canada and Royal
Mortgage Calculator Match 4: RBC vs NBC
Is is that time of the week again where we will see two banks’ mortgage calculator face off in the Mortgage Calculator matches. This week the two contenders are the last two banks in the Big 6, the Royal Bank of Canada (RBC) and National Bank of Canada (NBC). In the first three matches of










