Mortgage News
Canadian Mortgage Blog by Chris Marriner
You will learn about the different types of mortgages available, such as fixed-rate and adjustable-rate mortgages, and the pros and cons of each. You will also be informed about the mortgage application process, including how to prepare and what documents you’ll need. Additionally, you will find informative articles on topics such as credit scores, down payments, interest rates, and other important financial considerations that will help you make informed decisions when it comes to securing a mortgage. My blog provides a wealth of information that will empower you to make the best possible decision for your financial future.
How Different Types of Debt Impact Your Mortgage Approval
Securing a mortgage is one of the most significant financial steps in life, and your existing debt plays a crucial role in the approval process.
How New OSFI Loan-to-Income (LTI) Rules Could Change Homebuying in Canada
The Canadian housing market has faced major shifts in recent years, from rising interest rates to tighter lending standards. Now, a new proposal from the
Bi‑Weekly vs. Accelerated Weekly vs. Monthly Payments
1. Payment Frequency Options Explained Frequency Payments per Year Total Annual Paid Effect vs. Monthly Monthly 12 12 × M Baseline Accelerated Bi‑Weekly 26 26 × (M ÷ 2) = 13 × M
What Is the Difference Between Mortgage Pre-Approval and Pre-Qualification in Canada?
Mortgage pre-qualification is an informal estimate of how much you might be able to borrow based on basic financial information you provide. Mortgage pre-approval is
Tips to Save for Your First Home Down Payment
Saving for your first down payment can feel daunting, but with a clear plan and consistent effort, you can turn that goal into reality. Below
6 Reasons to Use a Mortgage Broker in Lethbridge in 2025
Navigating the mortgage landscape in 2025 can be complex, especially with fluctuating interest rates and diverse lending options. Partnering with a local mortgage broker in
Smart Mortgage Strategies Amid Rising Costs in Canada
Navigating today’s mortgage landscape can be challenging with rising costs, inflation, and fluctuating interest rates. In Canada, economic uncertainty has led to increased mortgage rates,
Exploring the Benefits of the New 30-Year Mortgage Term for First-Time Buyers and New Home Purchasers in Canada
For many Canadians, the dream of homeownership has become increasingly difficult due to rising property prices, higher interest rates, and stringent mortgage qualification rules. However,
Bank of Canada reduces policy rate by 25 basis points to 3%
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at