Posted on April 1, 2006Mortgage tips: How to acquire downpayment for your mortgage - hypotheque.
When you apply for a home loan, one of the most important issues the bank will examine is whether you have a down payment and how much it is. Even a small one will have an impact on the loan - hypotheque. A down payment can arise from many...
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Posted on April 1, 2006Is it preferable to pay your home loan weekly, every two weeks, or monthly?
The more payments that are made, the more you will save on your mortgage, even if you do not increase the amount being paid. So, make your payment each week to get the most savings. If you can't do this, at least do it every two weeks.
Posted on July 27, 2007The most common situations that lead to a penalty (taux hypothecaire)
No borrower feels that it is fair to pay a penalty on his mortgage. However, except for some unusual types of open mortgages, all mortgages have prepayment penalties. This is a complicated subject, requiring detailed explanations and can usually be...
Posted on July 27, 2007All about Mortgage Penalities (hypotheque)
No borrower feels that it is fair to pay a penalty on his mortgage. However, except for some unusual types of open mortgages, all mortgages have prepayment penalties. This is a complicated subject, requiring detailed explanations and can usually be...
Posted on July 14, 2007How do lenders calculate Mortgage Penalities (hypotheque)
No borrower thinks it is fair to have to pay a penalty on his mortgage, of course. But, except for some specialized mortgages, all mortgages have penalties for pre-payment. It is a very involved subject, and it requires careful explanation and...
Posted on July 14, 2007The variable mortgage strategy - Hypotheque
The interest rate of a variable rate home loan changes with the base rate of the large Canadian banks. The lender does not give you a fixed rate, but rather a rabais on the base rate. This is the reason that variable rates are expressed as a base...
Posted on June 17, 2007What's best to work with, with a mortgage broker, a mortgage marketer, or a bank representative?
It is the person in the position that is most important.
