by Carrie Guergis | Jan 26, 2012 | Click Your Mortgage Blog, Uncategorized
Long-term mortgage rates have dropped to the lowest point in Canadian history. It is expected that many more people will be locking in their mortgage at this time. The Bank of Montreal became the first major Canadian financial institution to bust through 3%, with its...
by Jennifer Fee | Jan 23, 2012 | Click Your Mortgage Blog, Uncategorized
If you ever watch HGTV Canada, you’ve most likely seen shows like “Til Debt Do Us Part” or Slice channel’s “Princess” – shows that bring in a professional to help people come to their senses and manage their debt. Everywhere you turn these days, you’ll hear people...
by Alana Myers | Jan 17, 2012 | Click Your Mortgage Blog, Uncategorized
A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.)...
by Kevin Harris | Jan 10, 2012 | Click Your Mortgage Blog, Uncategorized
To determine ‘affordability’ you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage...
by Kevin Harris | Nov 8, 2011 | Click Your Mortgage Blog, Uncategorized
How Do You Choose Which One is Better – Fixed or Variable? I thought we would do an overview of fixed versus variable rates, as this is a constant water cooler topic. As predicated, lenders have made significant changes to variable rate products. Most of the...
by Kevin Harris | Aug 31, 2011 | Click Your Mortgage Blog, Uncategorized
Many first-time homebuyers may be wondering where they should start with the mortgage process. A common source of confusion is the difference between mortgage pre-qualification, pre-approval and rate holds. Recently, the Toronto Star published a good explanation of...
