With the new lending guidlines tightening it is increasingly important to get the right advice when buying, refinancing, or making a home purchase.  When it comes to refinancing it seems that very few clients have the equity in their home to allow for a home renovation budget.   What does it mean to have “equity” […]

With mortgage rates still hovering at historic lows, chances are you’ve considered breaking your current mortgage and renewing now before rates begin to rise. Perhaps you want to free up cash for such things as renovations, travel or putting towards your children’s education? Or maybe you want to pay down debt or pay your mortgage […]

In June, Finance Minister Jim Flaherty unveiled major changes to the limits of what the Canada Mortgage and Housing Corporation is allowed to insure, effectively tapping the brakes on a housing industry that many experts worry has become too hot. Starting Monday, lenders can only issue home equity loans up to a maximum of 80 […]

1. What’s the best rate I can get? Your      credit score plays a big part in the interest rate for which you will      qualify, as the riskier you appear as a borrower, the higher your rate      will be. Rate is definitely not the most important aspect of a mortgage,      however, as […]

The upside in a global stock market rout may ironically be a healthier housing market – at least in the short term, say economists. “The housing market has nine lives. Every time interest rates are supposed to go down, something happens and it helps to keep the market going,” said Benjamin Tal, senior economist at […]

World markets breathed a huge sigh of relief on Monday after President Barack Obama said U.S. lawmakers agreed to a last-minute deal to raise the U.S. debt ceiling, preventing the world’s largest economy from defaulting. Obama said Republican and Democratic leaders thrashed out the details of a deal that would cut more than $2 trillion […]

By The Canadian Press              TORONTO – Moody’s Investor Services is renewing Canada’s debt rating at triple-A, the highest possible. The firm said the AAA rating was warranted due to the country’s high degree of economic resiliency, efforts by Ottawa and the provinces to deal with their debt ratios over the coming years and other factors. […]

OTTAWA— Home prices measured by a major national index surged for a sixth straight month to new highs in May but are expected to ease in the months ahead. The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in six metropolitan areas, rose 1.3% in the month, […]

With the very real possibility of a rate hike in the near future, for many in the lending business, particular attention is going need to be directed towards due diligence and, for some clients, on the business of debt management.  According to a new report released from BMO Economics, “interest rates are likely to increase […]

http://www.therecord.com/news/business/article/547758–td-bank-forecasts-low-interest-rates-this-year