Mortgage Experts Best At Brokering Mortgages

Experts best at brokering mortgage Denise Deveau, Postmedia News · Mar. 30, 2011 | Cheryl Hutton and Aaron Coates always thought getting a mortgage would be a challenge. But within 18 days of visiting a mortgage broker, they were able to close a deal on a new townhouse in Calgary without a hitch. Now in [...]

Spring Clean Your Budget

Carpe ver! Seize the spring and clean up your budget! 10 tips to organize and tidy up your finances Golden Girl Finance, Happy spring! The sun is out, the birds are singing, and here in Canada, we probably only have one or two more surprise snowfalls before summer. This is the time of year when [...]

Lower Inflation Rates To Keep Low

  Lower inflation in February likely to keep interest rates low Canada’s annual inflation rate fell slightly in February, giving the Bank of Canada room to keep interest rates low over the next few months, economists say. Statistics Canada said Friday its consumer price index edged down one-tenth of a point to 2.2 per cent [...]

New Mortgage Regulations March 14, 2011

Effective March 14, 2011   Maximum Amortization Period   High Ratio Business For high ratio deals, (loan to values greater than 80%) the maximum amortization has been reduced to 30 years from 35 years.   Conventional Business For conventional deals, (loan to values less than 80%) the maximum amortization will remain at 35 years for [...]

Average Bankrupt is 41 Years Old

Average bankrupt person is 41, married and has four credit cards, study says The average Canadian who files for bankruptcy owes $59,800 not counting his mortgage and is a 41-year-old married man with four credit cards, according to a report by a Kitchener-based bankruptcy trustee. The information, released Monday by Hoyes Michalos & Associates, says [...]

Bank of Canada Leaves Rate Unchanged

Bank of Canada leaves key rate unchanged Malcolm Morrison, The Canadian Press The Canadian dollar gave up early gains and moved lower after the Bank of Canada’s announced it was leaving interest rates unchanged and warned of the negative effects of a rising currency. The loonie was 0.12 of a cent lower to 102.82 cents [...]

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