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If you asked your bank representatives how are fixed and variable mortgage rates calculated and did not know how to answer your question, what would you think? If you asked your bank representative how they calculate their fixed rate mortgage penalties and they did not know, would you still want to work with them? Majority of people still do.

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Trying to save up a down payment to purchase a home?  No need.  The Flex Down mortgage allows you to borrow the down payment and closing costs?
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Appraisal is simply an expert opinion from a state-licensed professional on how much the value of the property really is. An appraiser uses many factors when determining the property value. They do a full detailed report and explain on how they came up with the property value. The first step is to physically examine the property inside and out to see which features bring up the value. They also look at location and recent sales around the property at question and provide anywhere from 3-4 comparables in order to better determine the value. These properties have to be very similar to the property being appraised; to specific components such as: lot size, square footage, garage type, finished or unfinished space, etc.
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This mortgage product allows the purchaser of a primary or investment property to add immediate renovation costs onto the new mortgage.  The renovations must improve the value of the property such as new flooring, roof, windows, kitchen or bathrooms.
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According to the CREA the number of homes listed for sale has dropped by three per cent from November to December of 2016. Meanwhile the national average sale price has risen 3.5 % in December in comparison to last year. On a yearly basis, home sales were down five per cent last month compared to December 2015. Due to the new rule changes in qualifying for a mortgage that were brought forth late last year, it definitely looks like it may slow down the market. “Home sales are unlikely to benefit the Canadian economy as much in 2017 as they did in 2016,” CREA’s chief economist Gregory Klump  stated.” However there is still plenty of business and activity in the market as home sales rebound in the month of December compared to a large drop that occurred in November of 2016. We have yet to see how the market will do for 2017 compared to 2016, but it looks like business as usual.
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The main objective of any mortgage borrower is to pay down there mortgage as soon as possible.  Naturally coming up with the money to do this is not that easy.  Two ways to chip away at your mortgage is to take an accelerated payment frequency and take advantage of the automatic payment increase allowed on your mortgage by your mortgage lender.  Here is an example.
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This mortgage product allows the purchaser of a primary or investment property to add immediate renovation costs onto the new mortgage.  The renovations must improve the value of the property such as new flooring, roof, windows, kitchen or bathrooms.
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There are two different types of mortgages for self-employed borrowers. One is based on qualifier income (proof of income on paper) and the other is non-qualifier income (no proof of income on paper). There are big differences in lender policy based on each type of borrowers.
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