Archive for the ‘Mortgage Refinancing’ Category

Bank of Canada Slashes Growth Prediction

Share Canada’s economic growth will decelerate sharply in the second quarter of the year, according to a new report by the Bank of Canada. The country’s central bank said it now expects Canada’s gross domestic product (GDP) to expand in the April-to-June period — but by less than half of the 4.2 per cent it [...]

7 Ways to Better Your Credit Score

Share If you’re in the market for a mortgage, a car loan, or looking to rent an apartment, it may be time to check your credit score. A credit score is an ever changing three-digit number between 300 and 900. The higher your number, the more likely you are to be approved for a loan [...]

Debt Growth is Moderating, BOC Deputy Says

Share Higher mortgage rates and strictermortgage rules are starting to take effect, though Canadians’ debt levels are still too high for comfort. That was the message from Agathe Cote in her first public speech as a deputy Bank of Canada governor on Monday. Here’s a sampling of key points from her address yesterday in Kingston, Ontario: The [...]

Questions On Home Mortgage Refinancing

Share Are you now feeling the heavy financial burden on your shoulder? Getting a home is not that easy. Yes, your mortgage lender may have promised you an easy payment scheme several years ago but some problems twisted your fate. This leaves you with no choice but to come up with a solid solution on [...]

Four Bad Reasons to Refinance Your Mortgage

Share The sting of regret runs deep. You know the feeling if you’ve ever bought a stock because it was hot, and then watched its value go tumbling down. A poorly planned mortgage refinance can end up the same way, and you could be a lot poorer and your ego a lot humbler. Mortgage refinancing is a complex [...]

Getting the best refinance mortgage rates

Share Homeowners who want to refinance their mortgage naturally also want to get the lowest possible interest rate they can on their new loan. That’s because a lower refinance mortgage rate means a lower mortgage payment and potentially lower costs to refinance. It’s not always easy to capture the lowest refinance mortgage rate, and not every borrower is [...]

Mortgage Refinancing

Share Have interest rates fallen r do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage? The answers to these questions will influence your decision to refinance your mortgage. But before [...]