Mortgage Free Discussion Board

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Here you will find the latest mortgage news and announcements. Being informed will help you stop losing money and make smart mortgage decisions.

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What Other Visitors Have Said

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Mortgage Market Weekly Update, 27/08/2010  starstarstarstarstar
Bonds market was dropping faster than Obama’s rating. Throughout this week, we received some major fixed mortgage interest rate reductions. These are good ...

switching from veriable to fixed mortgage  starstarstarstarstar
I'm on a five year veriable mortgage since 2009.
If i am going to change it from veriable to fixed, do i need to pay panelty.
It is my first mortgage....

Low Interest Rate and House Hold Debt  starstarstarstarstar
Low Mortgage Interest rates, Low Interest Line of Credit, Interest Only Mortgage and many other statements were leading advertising messages for Mortgage ...

Is there a Housing Bubble? 03/09/2010  Not rated yet
Canada’s major cities housing markets are looking overvalued and are due to fall, indicates a report released Tuesday.
The report, entitled Canada’s Housing ...

Central Bank could pause on variable mortgage interest rate hikes 03/09/2010  Not rated yet
Due to slowing Canadian growth, a stumbling U.S. economy and mild inflation trends could result in Canada’s central bank putting a temporary hold on interest ...

Mortgage prime rate increased, get the lowest variable mortgage rate today!!!  Not rated yet
As predicted Bank of Canada raised interest rate by another 0.25%. It makes today’s variable mortgage prime rate at 2.75%. We are able to get Prime – 70%...

Home Prices forecast in 2010  Not rated yet
According to Royal LePage House Price Survey and Market Survey Forecast it seems like home prices will stabilize in the second half of 2010. The residential ...

Weekly Market Insight May 14, 2010 NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS  Not rated yet
A few observations:
• The market is getting nervous again about the PIGS (Portugal, Ireland, Italy, Greece and Spain). There are two issues here. First,...

New CMHC Self Employed Requirement  Not rated yet
There will be changes to CMHC Self Employed product effective April 9.

For purchase and portability the maximum LTV will be 90% instead of 95%.

For ...

Canadian and Milton Housing Market  Not rated yet
The latest Re/Max report indicated that almost 90 per cent of major Canadian markets saw home sales increase in January; a sign that Spring activity will ...

Refinancing is easy!!!  Not rated yet
This is for mortgage holders who hold their current mortgage with First Line, CIBC, President Choice financial and Sutton. Now I will be able not only ...

New Mortgage Rules 16/02/2010  Not rated yet
Today finally Finance Minister Jim Flaherty announced new mortgage rules aimed at preventing mortgage holders from getting into difficulty in the future ...

Fixed Interest Rate Mortgage update, 07/01/2010  Not rated yet
Attention!!!! Tomorrow we will see some lenders increasing their mortgage fixed interest rates because bond market picked up. You can secure your mortgage ...

Flaherty on possible changes in mortgage rules  Not rated yet
For the last several days everyone is talking about the latest announcement that the Mortgage Lending requirement may change. Government may reduce amortization ...

How Long Low Variable Interest Rates Will Last?  Not rated yet
Today, I would like to talk about the variable interest rates. I will try to provide you with the answers to the most common questions that I was asked ...

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