All articles about mortgages
With interest rates at near all time lows and a number of the global investment and real estate markets showing strong return numbers – borrowing to invest has never been more popular. Using home equity to access cheap money can be a great way to get a jump start on your investment portfolio – it […]
Five Key Things to Consider When Borrowing to Invest Read More »
It looks like the low interest rate environment is here to stay for the foreseeable future. The sad reality is Canada’s economy just isn’t recovering from the sudden drop in oil prices as economists had predicted… we have wide spread economic indicators showing a series of weak areas of the economy. Home Equity Lines of
Why Carrying a Large Home Equity Credit Line …. Makes No Sense!!! Read More »
Calum Ross Mortgage Cares – Our 2015 Using Money to Buy Happiness Program See contest rules at bottom of post: Over the last two years I have put out an annual letter – my own form of “Happiness Campaign” during the holiday season. This journey first started the year after my own divorce in 2010.
Help Us Give 5 Families a Gift of $1,000 This Holiday Season Read More »
It always amazes me just how quickly Canadian consumers forget how dependent the Canadian economy is on the US economy. Simply put… the Canada-US trade relationship is one of the single biggest trading relationships in the world. So if the US Federal Reserve does raise rates in December 2015, as widely expected, it will be
Why US Fed Rate Hike Means Higher Canadian Mortgage Rates Read More »
Did you know that if you have any debt other than a mortgage debt it is very likely at a higher interest rate than secured mortgage borrowing? In fact, even if you have lots of extra cash flow and pristine credit you may lower your payment and interest cost by rolling this into your current
Using Your Home Equity to Lower Monthly Payments (aka Debt Consolidation) Read More »
There’s never been a better time to own a home. Homeowners are enjoying record low mortgage rates. It’s not that hard to find a mortgage rate below 3 percent on a 5-year mortgage. While low mortgage rates are good news if you’re looking to pay down your mortgage sooner, if you need to break your
Why Big Banks Fixed Mortgage Rates = Huge Mortgage Penalties Read More »
The Actual ‘Inside Scoop’ on CMHC Secondary Suites – And what it means to investors and home buyers! On July 23rd of 2015, CMHC announced changes to its policies regarding the treatment of rental income for borrower qualification purposes. There seemed to be a lot of confusion about the exact details so I reached out to
CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages Read More »
This entry was posted in Investing In Real Estate, Mortgage Articles, Real Estate Investing and tagged Canadian real estate, Foreign ownership on August 19, 2015 by CR. Investing In Real Estate, Mortgage Articles, Real Estate Investing With home prices reaching the stratosphere in red-hot markets like Toronto and Vancouver, the single-detached family home is becoming
Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy! Read More »
Buying a decent-sized property in Canada’s most expensive housing markets can be tough, even for the affluent. Home prices in Toronto and Vancouver have been heading upward with no end in sight. Although the Bank of Canada lowering the overnight lending rate last month helped lower mortgage rates, you may still have a tough time
CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications Read More »
If you thought interest rates couldn’t get any lower, you’d be wrong (for the record – I was one of them). With the Bank of Canada cutting the overnight lending rate for the second time this year, it looks like the low interest rate environment is here to stay for the foreseeable future. So one
Why borrowing to invest makes sense right now! Read More »