Secondary Financing a Solution For Lower Values at Closing
With the GTA’s homes selling for almost 20 per cent lower than they were in the spring, many transactions that were set to close are at risk. Mortgage lenders (traditional banks, monoline lenders and credit unions) have begun lowering their... Read More →
Equity Investing – 5 Great Ways to Have Your Home Make or Save You Money
Over the next couple months I’m going to show you some creative ways to have your home either make your or save you money. Today I’ll show you Equity Investing, a smart technique I’ve been using personally. It shaves thousands... Read More →
Investing Equity – Another Revenue Stream From Your Properties
I regularly have landlords and real estate investors call or email me for advice on lowering their mortgage payments to either increase their monthly cashflow or cover increasing costs managing the property. In business and investing, sometimes it’s about increasing... Read More →
Genworth’s New Mortgage Insurance Down 81% in Q2
Mortgage insurance regulation changes announced last October are having a huge impact on Genworth Canada – one of two private mortgage insurers who compete with the government’s own CMHC (Canada Mortgage and Housing Corporation). Genworth MI Canada Inc. reported the... Read More →
Why Bill 144 Has Landlords And Investors Shaking
I’ve spoken with numerous investors and landlords have have listened into many conversations about Bill 144 and it’s been awhile since I’ve seen normally calm and collected investors shake – both from fear and anger. For those who haven’t heard,... Read More →
What that rising mortgage interest rate really means to you.
The Bank of Canada finally increased its benchmark rate to 0.75 percent (up 0.25 %) after seven years of leaving the key interest steady and even reducing it a couple of times. All five major Canadian banks followed by increasing... Read More →
Is the Bank of Canada signalling that more mortgage rule changes are coming? – Mortgage Rates & Mortgage Broker News in Canada
Is the Bank of Canada signalling that more mortgage rule changes are coming? Mortgage Broker News5 min read Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank... Read More →
Income sources for mortgage qualification
What income can be used to qualify for a mortgage? When you submit an application to get a mortgage, it’s the lender’s job to see that you’re in a stable financial position to cover the costs of the mortgage, not... Read More →
How to Be Smart With Your Home Equity
We’ve seen quite a large increase in property values in most markets throughout Ontario. This has increased the net worth of many homeowners who are looking for smart ways to take advantage of this hot market. The equity of your... Read More →
Our new Mortgage App is ready!
An app like no other! Find out what your property is worth & get your updated credit score every month for FREE with MOPOLO’s PropertyTracker™ and CreditTracker™ Register for MOPOLO’s free CreditTracker™ and receive your credit score instantly, every month!... Read More →