Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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How to maintain a good credit score

You know it very well that it was not easy for you to get to the point of high credit score. It took years of financial discipline and regular bill payments to become a credit worthy borrower whom all the lenders want. It may not be easy

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Canadian big six banks are too big to fail – OSFI

In a news release OSFI (Office of the Superintendent of Financial Institutions) said that the big six Canadian banks are Systemically Important Banks. In its media release it identified the following banks being of domestic systemic importance. Bank of Montreal Bank of Nova Scotia Canadian Imperial Bank

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Your home should not be a part of your retirement plan

We all need a place to live. At the same time we also need a break. Not the short break but a long break like retirement. Break sounds nice but to plan for it – well in advance – is not an easy task. The planning becomes

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Journey of a mortgage haggler

Mortgage shopping is stressful, Canadians agree to that. The end result should be sweet enough to worth the stress. Let us look at the steps some of us go through.  

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When will mortgage interest rate go up?

What we are experiencing right now is not the right indicator of future.  What future has for us in its bag can be predicted (with median confidence) using some indicators. There are many factors which influence interest rate but only a handful of them have the most

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Weekly Dose of Vitamin – M (121st. Edition)

This was a mortgage rate war week. All sorts of players from every field gathered in the mortgage arena. Star players like big banks and ministry of finance were present and there were other players of varying degree of expertise. Minister of finance tried to take the

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Budget 2013 – Portfolio Insurance will be restricted by CMHC

Portfolio insurance is not a new concept in Canadian banking industry. A pool of mortgages with less than 80% loan to value ratio can be insured by a mortgage default insurer is known as a portfolio insurance. That insured pool then can be used for various purposes.

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House Prices and Mortgage Regulations are the major hurdles for Gen – Y homeownership

Buying a home is becoming harder for young Canadians. Canadians who are just joining the workforce or have been there for a little while are finding it difficult to buy a home because of mortgage regulation and sky high house prices. Apart from price and mortgage qualification

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Manulife’s Mortgage Marketing – What happened to Free Market Economy?

Manulife wanted to have a piece of the pie. Therefore, following the trends of this competitive market, they dropped their five years fixed mortgage rate to 2.89%. If you are a mortgage shopper then that is was a very good news for you. It encourages competition in

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Broker lender share

As usual, thanks to CMT for their excellent insight to Canadian broker channel lenders stat. It appears that First National and Scotia are doing really bad in terms of business with mortgage brokers. Probably commission cut have played a major role into it. First National has already

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Mortgages in Arrear – Staying low for now

According to the latest data released by Canadian Bankers Association – mortgages in arrears did not increase in last twelve months. According to the information made available by CBA – month over month numbers did warm up a bit but that is still lower than December 2011

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Effects of Mortgage Marketing

Marketing mortgage is an interesting field. There are many effects and side effects of mortgage marketing and we are going to look at an interesting one. Recently BMO blew a bang in the mortgage market with its 2.99% five years fixed. Not sure how many really went

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