Is it better to pay down your mortgage faster or invest instead? With mortgage rates sitting at near-record lows, some borrowers have figured that the return on their invested dollar should exceed the guaranteed savings from making additional payments on their homes. However, many experts say rates can’t stay at record lows forever and will
It’s January 2018, prospective homebuyers, and you know what that means: The new mortgage stress test is in play. But what you may not know is how much it’s going to impact your homebuying budget. Nor would you be alone: A new study from ReMax estimates that 37 per cent of Canadians aren’t aware of how the changes will
Having a plan is important. I find far too often that people seeking mortgage financing are unaware how their other debts affect the amount of mortgage financing they can qualify for. What does a lender look at when determining if you qualify for a mortgage? Typically, a lender wants to see the last two years
