Tag Archives: mortgage insurance

4 Things You MUST Know about your Mortgage

4 Things You MUST Know About Your Mortgage

You faithfully pay your mortgage every month, but do you know what goes into it? Probably not. When your current loan term is up, you should take some time to study what goes into your payment. It might help you make a better decision when it comes time to renew your mortgage. Here are a few terms you must know to help you understand your home mortgage. Continue reading

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Mortgage Terms Canadian Buyers Need to Know

8 Mortgage Terms Canadian Buyers Need to Know

When applying for a mortgage for the first time, Canadian home buyers can encounter a host of confusing terms. Here are the top 8 mortgage terms that Canadian buyers need to know when applying for their first loan. Continue reading

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How to Get a Refund on Mortgage Application Fees

How to Get a Refund on Mortgage Application Fees

Sometimes things don’t go right with your mortgage application. When that happens you need to make sure you can get a refund on your mortgage application fees. Here are a few steps you can try to get a refund. Continue reading

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Dealing with Buyers' Agents

Canadian Mortgages: What Every Newcomer Should Know

If you’re a newcomer to Canada and you’re planning on buying a home, there are a few things you should know about Canadian mortgages. Here we provide some helpful information that all newcomers should know in order to help them better inform themselves and negotiate favorable mortgage rates. Continue reading

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Finance Minister Jim Flaherty

Finance Minister Requests Manulife Withdraw Low Mortgage Rate

On Wednesday, March 20, 2013 Finance Minister Jim Flaherty asked Manulife withdraw its planned lowering of mortgage rates to 2.89%. The bank canceled the change and now the Minister is coming under fire from the opposition for interference. Continue reading

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Why mortgage life insurance is useless

Why Mortgage Life Insurance is Useless

This is why there are so many different types of insurance available, and although each product does have its benefits, some forms, like mortgage life insurance, are useless. Continue reading

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Should You Buy Mortgage Life Insurance?

Taking out a mortgage is a big step. An average mortgage for a buyer is approximately $300,000. When you agree to take on that mortgage, you are agreeing to pay that money back to the bank for the next 25-35 … Continue reading

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New Mortgage Rules for 2011

UPDATED: SEPTEMBER 6, 2011 In January 2011, Canadian Minister of Finance, Jim Flaherty, announced new mortgage rules for Canadians. The federal government announced that Canadian mortgage insurance rules would become more stringent due to rising household debt in a low-interest … Continue reading

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