• mobile: 604-765-8873
"I work for YOU, not the lender"

Blog by Linda M Linfoot

< Previous Next >

Why a Smaller Down Payment can lead to better Mortgage Rates

May 9th, 2012
Why smaller down payments can lead to better mortgage rates By Garry Marr, Financial Post May 3, 2012 http://www.canada.com/business/fp/money/smaller+down+payments+lead+better+mortgage+rates/6550872/story.html It doesn't make much sense, but a skimpy down payment on a home might actually get you a better mortgage rate in today's market. Blame the government subsidy known as mortgage defa ...
Read More

Posted in Mortgage Information

Bank of Canada Annoucement

April 17th, 2012
Bank of Canada maintains overnight rate target at 1 per cent For immediate release 17 April 2012 Contact: Jeremy Harrison 613 782-8782 Ottawa, Ontario - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The profile for global ...
Read More

Posted in Mortgage Information

Harbingers of Doom

April 12th, 2012
Harbingers of doom Andrew Coyne Apr 10, 2012 – 6:00 AM ET | Last Updated: Apr 10, 2012 11:55 AM ET Even by Maclean’s standards, the cover was alarming. “You’re about to get burned,” screamed the headline, over a picture of a house that was literally on fire. “Canada looks like the us before its devastating housing crash — maybe even worse.” And the kicker, for those still hesitating ...
Read More

Posted in General

2012 Federal Budget

March 30th, 2012
Budget: Highlights of the 2012 federal budget The budget will: - Gradually raise the age of eligibility for Old Age Security from 65 to 67 beginning in 2023. - Contain no new taxes or tax increases. - Tell consumers to complain directly to food companies about product labelling. - Eliminate the penny. - Eliminate 19,200 government jobs over three years, including 600 senior executive ...
Read More

Posted in General

The Mortgage Movement

March 12th, 2012
The Mortgage Movement Each year, the Canadian Association of Accredited Mortgage Professionals contracts a market research company to verify the latest trends in the Canadian mortgage market. The latest report finds that Canadians remain highly satisfied with the terms of their mortgages. Fixed-rate mortgages are the most popular type, with 60 percent of homeowners secured in that ...
Read More

Posted in Mortgage Information

How Long Will Personal Bankruptcy in Canada Stay on My Credit Report

March 5th, 2012
How Long Will Personal Bankruptcy in Canada Stay on My Credit Report  Posted by: David Smith on 11/08/2010 There are several factors we have to consider to answer the question of how long a personal bankruptcy in Canada will remain on your credit report. The first is how long you will remain in personal bankruptcy before being disc ...
Read More

Posted in Mortgage Information

HST Transition

February 21st, 2012
NEWS RELEASE For Immediate Release 2012FIN0006-000165 Feb. 17, 2012 Ministry of Finance     Transition measures support new-home buyers, builders   VICTORIA – New housing transition measures give certainty to an important economic sector and help to keep taxes equitable throughout the transition as the province returns to the PST, Finance Minister Ke ...
Read More

Posted in General

CMHC Insurance Limits: A Wake-up Call for Lenders

February 2nd, 2012
CMHC Insurance Limits: A Wake-up Call for Lenders Many have now seen this National Post article. The gist of it: CMHC is approaching its $600 billion government-imposed limit on issuing mortgage default insurance. That’s happening largely because of lenders’ enormous appetite for something called portfolio insurance (a.k.a., “bulk insurance”). No one fully grasps the repercussions yet ...
Read More

Posted in Mortgage Information

Mortgages: A Head Scratcher For Consumers

January 25th, 2012
Mortgages: A Head Scratcher For Consumers Article written by Boris Bozic on the 24 Jan 2012 “We, the consumer, read about these mortgage issues in the media and try to understand but the complexity of these issues leave us somewhat baffled.” The Bank of Canada decided to leave the overnight lending rate at 1%, and we’re all but assured that rates will mill remain at current levels f ...
Read More

Posted in Mortgage Information

Hard Times Trigger changes in Insurance Choices

January 9th, 2012
Hard times trigger changes in insurance choices Garry Marr  Jan 7, 2012 – 7:00 AM ET | Last Updated: Jan 4, 2012 1:51 PM ET  It almost seems hard to justify in times of austerity — paying for something you may never use. But that period of your life might be exactly when you need the most insurance because if you lose your job or source of income you are much more financially vulner ...
Read More

Posted in Mortgage Information

< Previous Next >

Real Estate websites for Agents