This just in:
We have all heard about the Bank of Canada’s position on raising the overnight rate - no change until mid 2010.
Well, I was reading an economist’s take on this last week and he actually feels that the central bank will postpone rate hikes until mid 2011. He supports this position by [...]

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When deciding on what type of payment structure to select for your mortgage, it is a good idea to consider bi-weekly accelerated payments.
By choosing to make bi-weekly accelerated payments, you will pay 1/2 of your monthly mortgage payment every 2 weeks. This will result in 26 payments per year, or in essence 1 extra monthly [...]

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The federal government, in its attempt to avoid a housing crisis such as the U.S. is currently experiencing, have made some changes to the mortgage lending rules that you should be aware of. As of Oct. 15th 2008, no longer will one be able to purchase a home or condo with 0% down or [...]

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Here’s some more info on the new changes to the mortgage requirements:
“There has been lots of discussion in the news about the recent changes to government guaranteed mortgages announced by the Minister of Finance.
However we believe the majority of Canadians do not understand what exactly it means to remove the “government guarantee” from some [...]

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With the 40 year amortization and the 0 % down payment coming into the picture not too long ago, it’s been easier for first time home buyers to get into the real estate market quicker. Not only that, but with the real estate prices the way they are, it seems these are the only [...]

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40 year amortizations, which only came into affect 2 years ago, will be going bye-bye as of October 15th. Due to the housing trouble in the U.S., the federal government decided to tighten up its mortgage rules. Among capping the amortization period to 35 years, the new rules also include a mandatory 5% [...]

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Summertime and the livin’ is easy…but that doesn’t mean picking a mortgage is. What to do? Should one go with a variable/adjustable mortgage in the low 4% range or take the more conservative and safe choice with a fixed rate in the mid 5% range?
Decisions decisions…
While the spread between [...]

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11. Obligation to the bank
Q. My friend also bought a house and is closing around the same time but he has a better rate can I still get that rate even though I have signed the papers at my bank?
A. Absolutely - you can always shop around until it is logistically impossible for the new [...]

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A common question we get at Buyingblock.com is what impacts your credit rating, also referred to as credit bureau and credit report. The beacon score is the number that determines how credit worthy you are in the eyes of lenders. Lenders look at the score as a risk measure. They will base their decision, in [...]

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1. Where to start
Q. I’ve already got a headache, where do I start when buying a home?
A. Buying a home should be an amazing experience. The problem is how to squeeze in time for likely the biggest investment of your life.
The first place you want to start is with figuring out what you can [...]

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