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, ...

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 ...

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 ...

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 ...

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 ...

If you are having difficulty in qualifying for a traditional mortgage, getting a private mortgage may be a solution to help you get into or stay in your home.  In the past private mortgages have accounted for approximately 4-5% of ...

The new mortgage stress test rules are starting to show their effects as more renters decide not to enter the housing market. Consequences for renters One of the unintended consequences of the new mortgage rules is that because less people ...

Taking out a second mortgage or home equity line of credit (HELOC) can be a great way to get the cash you need for things like home repairs, children’s tuition or to pay off high interest debt. It allows you ...

One of the choices you will have to make when you apply for a mortgage is whether you get a fixed rate mortgage or a variable rate. The majority of Canadians choose fixed mortgages because they like the stability of ...

Between their credit cards, student loans, and lines of credit, many Canadians are struggling with debt. If you’re reading this article, maybe you can relate. It can be frustrating to see so much of your income go to creditors and ...