Down payment hike will only squeeze out more first-time home buyers, a top mortgage insurer warns By Garry Marr -June 13, 2016-Financial Post The head of Canada’s second-largest mortgage-default insurer is warning against increasing the minimum down payment for buying a home. Andrew Charles, chief executive of Canada Guaranty, whose owners include the Ontario Teachers’ Pension (…) Continue Reading →
Archive | July, 2016
Jul
18
Saskatoon Mortgage Broker shares article – Fixed or floating? The great mortgage debate of our time
David Israelson – The Globe and Mail – March 18, 2016 Fixed or floating? For those taking on a mortgage or renewing one, it’s a question that can be complicated. On one hand, interest rates are at historic lows. The Bank of Canada’s benchmark overnight lending rate is at 0.5 per cent. To some borrowers, (…) Continue Reading →
Jul
14
Saskatoon Mortgage Broker Shares article – What to know about renewing or refinancing your mortgage
By Paul Attfield – The Globe and Mail – March 18, 2015 Becoming a first-time homeowner can often be a harrowing experience, but many find the moment that their first mortgage term expires to be equally nerve-racking. From different rates and penalties to shopping around for a different lender, exactly what are the perils, pitfalls (…) Continue Reading →
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