Etiket: Mortgage
Mortgage renewal in 2024: will homeowners benefit?
Marked by a sustained rise in interest rates, will 2023 be different from 2024? A financial planner takes stock of what awaits homeowners regarding mortgage renewal. • Read also: “A…
What to think about a reverse mortgage in retirement?
Among the questions asked this year by readers, a few concerned reverse mortgages. I admit to being surprised each time, given the current high interest rates. But when you think…
Lifestyle | A legal mortgage from the tax authorities on their house
The IRS placed a legal mortgage on their home because of her spouse’s unpaid business taxes. Is she liable for her debts? Posted at 1:28 a.m. Updated at 6:00 a.m.…
Lifestyle | Buying a house: take out a mortgage or withdraw investments?
As mortgage interest rates have risen sharply in recent years, more and more people are wondering if they should avoid them by dipping into their savings to pay for their…
Criminals mortgage opulent homes on the Island of Montreal that do not belong to them
The scenario may seem improbable: with false identity documents, criminals pose as the owners of opulent houses, obtain a loan on these properties and immediately flee with the lender’s money…
The majority of Quebecers fear renewing their mortgage loan
Faced with rising interest rates, the majority of Quebecers who have taken out a mortgage loan are afraid of renewing it. To limit the increase in their monthly payments, some…
Because of the key rate in Canada, a mortgage renewal at a high price
The Bank of Canada has chosen to keep its key rate stable at 5%. But can we really speak of a respite? For borrowers who are preparing to renew their…
More and more Canadians are having difficulty paying their mortgage
The number of Canadians having difficulty making their monthly mortgage payments is on the rise, as are fears of facing higher payments when renewing a mortgage, show the results of…
What to think about the reverse mortgage?
The retired owner still feels a little uncomfortable using the equity of his home to meet a liquidity need. It is also true that even if recent years have seen…
Homeowners brace for prolonged mortgage payment shock
Interest rates have been on a merry-go-round in recent years, having reached extremely low levels during the pandemic and then rising quickly to their highest level in a generation. But…
Keeping your mortgage margin after the end of the loan payment, is it advantageous?
“After a mortgage loan has been completely paid off, is it possible to leave the mortgage margin open and continue to use it to finance other future work?” asks a…
Real estate: beware of the dangers of extending the mortgage amortization period
The Financial Consumer Agency of Canada (FCAC) warns banks and their borrowing customers against the growing temptation to use longer amortization periods as a mortgage burden relief measure. In his…
A bogus mortgage broker will face 15 counts
A fake mortgage broker, who allegedly collected several thousand dollars for illegal services, is in the crosshairs of the Autorité des marchés financiers (AMF), which has just brought a lawsuit…
Necessary calculations before reducing your mortgage with loyalty points
(Toronto) Canadians looking for a little extra help with their mortgage payments may be surprised to learn that there’s an option available to them: loyalty points. Posted at 5:54 p.m.…
Mortgage: sign now, save later
If you can’t escape the substantial rise in mortgage rates when renewing your loan, there are strategies to take advantage of a possible drop. Posted at 1:15 a.m. Updated at…
Mortgage changes won’t improve affordability, CMHC says
(Toronto) The head of the Canadian housing agency says measures such as extending mortgage amortizations and changing the eligibility threshold for an insured mortgage are not the answer to housing…
Mortgage credit | Banks turn off the tap
It’s getting harder to get a mortgage in the country, according to data from the Bank of Canada’s most recent survey of credit officers at major financial institutions. Posted at…
how to facilitate household access to mortgage
The subject is on the table of the Minister of the Economy, Bruno Le Maire, who receives Friday, May 5 the governor of the Banque de France, François Villeroy de…
Demystifying the economy | What influences the 5-year fixed mortgage rate?
Every Saturday, one of our journalists answers, in the company of experts, one of your questions on the economy, finances, markets, etc. Posted at 8:00 a.m. Hello, I would like…
Mortgage Code | “Good news” for borrowers, say experts
(Toronto) Real estate watchers say the new mortgage code of conduct promised in the federal budget will help Canadians facing financial hardship, but they still say the economic plan lacks…