Archives for mortgage

Factors That Will Affect Housing Activity in 2018

If you’re on the fence about buying or selling this year, these four factors that are sure to affect the housing market in 2018 may have an impact on your decision. New Mortgage Rules It’s hard to tell just yet how the stress test has affected the industry. However, in Ontario’s 6 largest housing markets over the past 10 years, one thing is for certain. Despite changing economies, varying interest rates and mortgage rule changes, the last 10 years have been favourable in Canadian real estate. Interest Rates Rising interests mean that the economy is performing well. In other words,
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Mortgage Mistakes

When you think of buying or selling a home a real estate agent may be the first professional that comes to mind. However, there are many other professionals that will help you along the way, especially your mortgage broker. Many home buyers find the mortgage process to be “complicated,” therefore Realtor.com® recently highlighted some of the most common pitfalls when getting a mortgage and how to avoid them. Not Shopping Around Approximately half of home buyers only meet with one mortgage lender, according to the Consumer Financial Protection Bureau. Lenders interest rates and offers can vary. This means if you
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