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Mortgage Resources

Welcome to Real Mortgage Associates Mortgage Broker Resource Centre.  Browse through our articles to see what's new and learn useful tactics and techniques for Mortgage solutions, Mortgage Agents, Home Ownership, Buying a home, Financing, and many other tips.

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Change in Mortgage Loan Insurance Premiums on March 17, 2017

Change in Mortgage Loan Insurance Premiums on March 17, 2017

I want to let you know about some changes for Mortgages that are effective March 17, 2017: Change in Mortgage Loan Insurance Premiums Effective March 17, 2017, Canada Mortgage and Housing Corporation (CMHC) and Genworth Canada are increasing premiums for mortgage loan insurance. The higher premiums will impact homeowners with an insured mortgage with a loan ... Read More
 
Real Estate Home Appraisals – Who do They Belong To?

Real Estate Home Appraisals – Who do They Belong To?

Here is an interesting article regarding Home Appraisals.  This has not been an issue with any of my Kitchener Waterloo Cambridge Mortgage customers but well worth knowing the asnwer to the age old questions “Who Does the Home Appraisal Belong to?”.  Written by Steve Huebl , on Canadian Mortgage Trends website, I have posted the complete article for ... Read More
 
5 Mortgage Facts You Should Know

5 Mortgage Facts You Should Know

I stumbled across this excellent article written by Dan Caplinger. Dan outlines a few key fundamentals we all should know about the Mortgage Industry. From APR Annual Percentage Rates, rapidly changing mortgage rates, the varying range of fees from different mortgage lenders, refinancing, and low down payment mortgage loans, Dan covers it well. Click the ... Read More
 

Mortgage Refinancing for Profit

After the recent decline, the stock market appears to be at or near the bottom and ready to reverse direction. For those homeowners whose retirement portfolios have suffered in the last while or need to invest to build a retirement nest egg, now is the time to get smart about the opportunities available to them. ... Read More
 

Mortgage 101: The Basics

Mortgage Refinancing There are many reasons why you might want to refinance, or increase, your existing mortgage – to consolidate non-mortgage debt, to finance improvements to your home, kids college tuition or investing for retirement. There are many factors to consider when refinancing your mortgage. Here’s what you need to know: Consolidate other debt Most ... Read More
 

How the Bond Market Affects Mortgage Rates

The Government of Canada, and all major nations, finance their activities and accumulated deficits, by issuing “bonds”. In the US they are known as “Treasuries” and in the UK “Gilts”. The duration and interest rate paid on new issues of these bonds depends upon the financial strategy of the Government in power. The accumulated outstanding ... Read More
 

What Type of Mortgage Should You Get?

If you are buying a home with less than 25% down payment your choices of mortgage products and terms are somewhat limited…3 year fixed rate or longer under the regular CMHC Program and 5 years fixed rate or longer under the 5% down program. However, if you are not constrained by the insurance requirements of ... Read More
 

How Important Is Your Credit Rating?

Your Credit Report How Important Is Your Credit Rating? When you in the market for a loan, mortgage, or credit card, your personal credit report is one of the primary tool lenders use to make their decision. Did you know that 47% of credit reports are reported to have inaccurate ... Read More
 
Why use a mortgage broker?

Why use a mortgage broker?

A mortgage broker/agent can save you time and ensure you get the best rate for the mortgage you want. by GILLIAN LIVINGSTON, The Globe and Mail Published Thursday, Nov. 10, 2011 6:00PM EST, Last updated Monday, Sep. 10, 2012 1:27PM EDT Buying her first house and getting her first mortgage was an overwhelming experience for Roslyn Judd. She had signed ... Read More
 

Rental Property Financing

Lending requirements about the purchase of rental properties are almost as varied as the number of lending institutions. I would definitely discuss your present circumstances and the kind of rental property you would like to buy with your mortgage broker. If you are looking to buy a house in Ontario for you to move into, ... Read More