Friday, May 25th, 2018 7:00 am , Posted by
Matrix Mortgage Staff Writer
Matrix: Five Reasons You Should Get Preapproved for a Mortgage Before You Begin House Hunting Are you in the market to get a new home? Congratulations! But before you start looking at real estate listings or picking out curtains, you’ll want to give your friendly neighborhood mortgage broker a call and get pre-approved for […]
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Tuesday, May 22nd, 2018 6:40 am , Posted by
Matrix Mortgage Staff Writer
Reverse Mortgages are More Popular than Ever More Canadian seniors than ever before are turning to reverse mortgages to help them supplement their retirement income. The balance owing on reverse mortgages at the end of March of this year was $2.404 billion – that’s up 2.44% from the month prior and up 24.57% from […]
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Friday, May 18th, 2018 5:14 am , Posted by
Matrix Mortgage Staff Writer
Matrix Mortgage Global – What you need to know about home equity lines of credit Home equity lines of credit are a popular way for Canadians to borrow the cash they need – and for good reason. A home equity line of credit is relatively easy to get and inexpensive. Using this type of loan […]
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Tuesday, May 15th, 2018 5:10 am , Posted by
Matrix Mortgage Staff Writer
Matrix Mortgage Global – New Mortgage Renewal Rules Could Mean Big Savings for Homeowners If you are among the nearly half of Canadian homeowners whose mortgage is up for renewal in 2018, we’ve got some good news for you. Some recent changes to Canada’s mortgage renewal rules could save you some big money. In […]
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Friday, May 11th, 2018 5:33 am , Posted by
Matrix Mortgage Staff Writer
Matrix Mortgage Global – 4 Tips for Getting a Mortgage When You Have Bad Credit If you have bad credit, perhaps you have been told by a well-meaning friend or family member that applying for a mortgage is out of the question for the time being. Perhaps you have made some unwise financial […]
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Monday, May 7th, 2018 5:12 am , Posted by
Matrix Mortgage Staff Writer
Matrix Mortgage Global – How Rising Mortgage Interest Rates will Affect You Over the last week, we have watched as one by one, Canadian banks have raised their interest rates on mortgages. If you are wondering why this is happening, there are several factors to consider. For starters, the rate on Canadian bond […]
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Friday, May 4th, 2018 7:43 am , Posted by
Matrix Mortgage Staff Writer
We knew that these ultra-low interest rates couldn’t last forever. CIBC, TD and most recently, Royal Bank have all announced that their mortgage rates are going up by the end of the year and up again by the end of 2019. So the question is, should you renew your mortgage early in order to avoid […]
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Wednesday, May 2nd, 2018 6:13 am , Posted by
Matrix Mortgage Staff Writer
Refinancing your mortgage can have numerous advantages but it can also be very expensive if you do it wrong or choose the wrong lender. Refinancing, therefore, should always be done with the advice of a professional mortgage advisor. Before you refinance, here are five things you’ll want to consider: Refinancing lets you take advantage of […]
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Friday, April 27th, 2018 2:27 pm , Posted by
Matrix Mortgage Staff Writer
If you are a Canadian over the age of 55, you have probably heard about reverse mortgages and you may be wondering if they are right for you. Simply put, a reverse mortgage is a loan which makes use of the equity in your home. You may choose to receive that loan as a lump […]
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Tuesday, April 24th, 2018 2:16 pm , Posted by
Matrix Mortgage Staff Writer
According to a report that was recently released by CIBC Capital Markets, 47% of mortgages in Canada will be up for renewal in 2018. This is a significant increase from the 25-35 per cent of mortgages that are normally up for renewal in a typical year. This comes at a time when interest rates are […]
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