In recent years, the economic situation around the world has shaken a lot, which of course has had an impact on Canada’s prime rate. A couple of years ago, the prime rate was 2.45%, but recently this has risen to 3.20%. What is the prime rate, what does it affect, how it has changed in… Continue reading What Is The Prime Rate in Canada And Why Should You Care About It?
Category: Mortgage
Advantages And Disadvantages Of a Partner Mortgage in Canada
Canada is usually ranked as one of the best countries to live in because of its quality of life. So why do Canadians need a partner mortgage? Although Canada is considered a country with reasonable prices, the cost of real estate here is very high. Even in rural areas outside the city center, the cost… Continue reading Advantages And Disadvantages Of a Partner Mortgage in Canada
How Can You Get A Mortgage For Land?
One of the most popular questions for potential property buyers – what type of mortgage can be obtained on the most favorable terms? Nowadays, the land property is considered one of the most valuable assets a person can own. Many Canadians underestimate the value of this type of property, but ownership of a parcel of… Continue reading How Can You Get A Mortgage For Land?
How To Become a Mortgage Broker in BC
You got fired and want to start a new life? Or maybe you just have a lot of free time and want to know how to become a mortgage broker in bc? It doesn’t really matter to us. We are here today to tell you all the important nuances on your way to becoming the… Continue reading How To Become a Mortgage Broker in BC
Line of Credit for Down Payment — All You Need to Know
Unfortunately, not all of us were born as multibillionaires and people like us need to solve a lot of problems. Buying a house is already a very huge expense because the mortgage is not free. But you also need to give a down payment to show that you can afford to buy a house. Will… Continue reading Line of Credit for Down Payment — All You Need to Know
Mortgage Consumer Proposal – Escape From Bankruptcy
If you are heavily in debt, you have the opportunity to improve your financial situation and even get a mortgage before you declare yourself bankrupt. Are mortgage consumer proposal worth it? The cost of living in Canada is very high, in some respects even more expensive than in other countries. It is no wonder that… Continue reading Mortgage Consumer Proposal – Escape From Bankruptcy
Special Features Of Title Search Canada
In most cases, you would need to apply for a title search on a property to ensure who the owner of the property is. Buying a new home is not a simple process – several factors should be considered: Price of the house, percentage, mortgage default insurance, taxes. However, there is one more point that… Continue reading Special Features Of Title Search Canada
Using Home Equity To Buy Another Home Canada
Using home equity to buy another home Canada – is it worth it? Under Canadian rules, you are completely free to decide how to use the equity in your home – and buying a new home is just one option. The equity of the property purchased can be considered one of the most valuable assets… Continue reading Using Home Equity To Buy Another Home Canada
Home Inspection Checklist Canada: Room by Room Guide
Buying a house is an important step, so you should be 100% sure that you know WHAT you buy. What should your home inspection checklist in Canada look like, and what areas need EXTRA attention? Read in this guide. What is Home Inspection A home inspection is a method of inspecting a house for defects,… Continue reading Home Inspection Checklist Canada: Room by Room Guide
Mortgages for Self Employed Canada: The Guide
Mortgages for self employed in Canada are rare as “special” programs, but you still can apply for a traditional mortgage from a bank. It’s not an easy process, but you can significantly increase your chances with some tricks. Here’s how to do it. What is Self-Employment First — the legal ground, just to be sure.… Continue reading Mortgages for Self Employed Canada: The Guide