Tag: Mortgage

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Housing affordability: What happens when lower home prices take on higher borrowing costs?

3 months ago
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Canadian home prices are falling. Borrowing costs are increasing at an incredible rate. It’s the battle royale of home ownership affordability: Will wannabe home owners benefit from the real estate…

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The best five-year fixed mortgage rates in Canada 2022

5 months ago
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Mortgage rate comparison After consecutive years of record-low interest rates in Canada, we are entering a period of rising rates—which makes the cost of borrowing money, be it for a…

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MoneySense Toolkit: The mortgage payment calculator

8 months ago
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Mortgage payment calculator For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this…

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MoneySense Toolkit: The mortgage renewal calculator

11 months ago
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Mortgage payment calculator Mortgage renewal can be a stressful time for Canadians. There are a lot of decisions to be made, including whether or not to stick with the same…

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MoneySense Toolkit: The mortgage refinance calculator

11 months ago
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Mortgage payment calculator Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when…

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MoneySense Toolkit: The CMHC mortgage insurance calculator

11 months ago
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CMHC insurance calculator If you want to buy a home and have a down payment of less than 20% of the purchase price, you’ll need to purchase mortgage default insurance,…

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MoneySense Toolkit: The land transfer tax calculator

11 months ago
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Land Transfer Tax Calculator Buying a home is an exciting process with many unexpected costs. Beyond your down payment, you’ll also be responsible for paying legal fees, appraisal costs, title…

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How Much Mortgage Can I Afford?

1 year ago
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How much mortgage can I afford? Try our mortgage affordability calculator and learn how to achieve your dream of homeownership. The post How Much Mortgage Can I Afford? appeared first…

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BMO Mortgage Rates Overview

1 year ago
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If you’re on the hunt for a new property, read our primer on BMO’s mortgage rates to get an idea of the rates and mortgage types the popular bank offers.…

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Things You Should Do to Get Approved For a Mortgage

1 year ago
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Getting approved for a mortgage is an essential step towards homeownership. Read our top seven tips on how to get approved for a mortgage. The post Things You Should Do…