Archive for: September 2017

What is the “Best” Mortgage Rate?

Filed under: Mortgage - 22 Sep 2017

THINK OUTSIDE THE BOX: Six in ten mortgage consumers choose brokers, in large part because they think brokers will get them the best rate.

All too many of those people associate the “best” rate with the “lowest” rate. Mortgage professionals know that’s not …

What you need to know about the Equifax data breach

Filed under: Mortgage - 19 Sep 2017

THINK OUTSIDE THE BOX : Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people.

The breach affected about 143 million in …

What the latest Bank of Canada interest rate hike means for you

Filed under: Mortgage - 07 Sep 2017

THINK OUTSIDE THE BOX: The Bank of Canada’s increase to its key interest rate Wednesday, the second bump since July, will start putting a more noticeable squeeze on consumers holding variable rate mortgages, lines of credit or any consumer debt …

What is a private mortgage and when does it make sense?

Filed under: Mortgage - 05 Sep 2017

THINK OUTSIDE THE BOX: For those having trouble qualifying for a traditional mortgage, other solutions are still available, one of which is a private mortgage.

And with increasingly stricter mortgage regulations and qualification requirements being introduced by the government, they’re growing …