Canadian mortgage interest rates are currently at an all-time low. For most people, mortgage financing is the cheapest form of financing that you can get. So, it makes sense to take out some of that home equity and pay off other higher interest rate loans.
You can use the money to pay out almost any other type of structured loan. Common debt payouts include: Credit cards Lines of Credits Private mortgages Personal loans Car Loans Student loans You can also us...

" To be or not to be" Hamlet's famous quote. While not as dramatic as Shakespeare, deciding between a fixed rate or a variable rate can weigh heavily on some borrowers.  Which is the right answer for you? As of the date of this post, variable rates are slightly lower than fixed rates. But keep in mind that interest rates have never been this low in history. The current market thinking is that it is unlikely that rates will go down any further in the near future (they ...

Are you thinking about making a change to your mortgage to take advantage of the super low interest rates? Not sure what option is best for you? Renew means that your current mortgage term is about to end and that you need a new mortgage term for the balance of the mortgage, with no increase in amount.

Refinance means that you are looking for an increase in the amount of your current mortgage. It may be at the time of renewal or it may be at some point during your current mortgage term...

Did you know that lenders don't accept all types of money for down payment? Lenders want to know where the money is coming from that is being used for the down payment. You might be surprised that some sources of money are not accepted by lenders.
Most borrowers ask how much of a down payment that they need to purchase a house. But it is equally important to know where the money is coming from. Lenders will decline mortgages if the source of down payment is not acceptable.
Anti-...

This mortgage program looks at your eligible liquid assets to help qualify you for the mortgage you need. You must have sufficient liquid assets in order to use this program. It is designed to qualify for mortgage amounts above standard qualification.
Asset Requirements: Minimum of $150,000 of liquid assets. Must have $1 of liquid asset for every $1 in mortgage needed above standard qualification amount. No Foreign income or assets can be used. Non-locked assets only. L...