Matrix Mortgage Global – Are you paying too much on your mortgage? Close to a quarter of Canadians may be paying higher rates on their mortgages than they need to, simply because they aren’t comparing mortgage rates before they choose a lender. This is according to a recent report by LowestRates.ca. The least likely demographic […]
Matrix Mortgage Global: New CMHC Report Shows Large Mortgages Have Lower Delinquency Rates A recent report by the Canadian Mortgage and Housing Corporation (CMHC) has found that while large mortgages are on the rise, the delinquency rate for these is actually quite low. Looking at credit imbalances across the country, the heaviest imbalances have been […]
Matrix Mortgage Global – How to Use the Second Mortgage to Start a Business With job security more often than not, being perceived as a thing of the past, more and more Canadians are venturing out on their own to start businesses. But depending on the kind of business you are starting, this can be […]
Matrix Mortgage Global – Is Home Ownership Becoming Out of Reach for Today’s Young People? A new report[i] by Mortgage Professionals Canada is warning that a perfect storm is brewing on the Canadian mortgage front that is likely to produce a generation of permanent middle-class renters if we are not careful. There are currently […]
Matrix Mortgage Global – Reverse Mortgages Are Becoming More Mainstream It used to be that Reverse Mortgages were considered a last resort for pensioners who were desperate to make ends meet. This, however, is no longer the case. Home values have risen considerably in recent years, so it is making more and more sense for […]
Matrix Mortgage Global – It’s About to Get Easier for Entrepreneurs to Get a Mortgage If you have had trouble getting a mortgage in the past because you are self-employed, there is hope on the horizon. The Canada Mortgage and Housing Corporation (CMHC) has just announced measures it will be undertaking to make it easier […]
Matrix Mortgage Global – Risks and Benefits of Bridge Loans When you are selling your home and moving to a new one, there are a lot of moving pieces. Unfortunately, no matter how hard you plan, those pieces don’t always come together perfectly at first. Imagine finding the ideal home that you want to buy […]
Matrix Mortgage Global – Canadians Divided on Fixed vs Variable Rate Mortgages According to Poll A recent poll by CIBC showed that Canadians are split on whether they would select a variable rate mortgage or a fixed one if they were getting a new mortgage today. Although 72% of those polled said they thought interest […]
Matrix Mortgage Global – Mortgage Advice for New Immigrants to Canada If you have recently immigrated to Canada, congratulations! Moving to a new country can be exciting, but it is not without its challenges. Laws and business procedures may be quite different here than they were in your country of origin. If you would like […]
Matrix Mortgage Global – Could Mortgage Interest Rates be on the Rise? The Bank of Canada is scheduled to meet on July 11th, and when it does many analysts are saying that it is likely to raise interest rates. If this happens, it will mark the fourth interest hike in the last 12 months. […]
