Blog, Mortgage Tips & Advice 05 Aug 2020 Prime Rate Canada: Important Dates/Changes to Make Note Of October 2018 to March 2020 - Prime Rate Canada: 3.95% Change (March 4, 2020) – Bank of Canada cuts it’s key interest rate by 0.50% (half a percentage point) to 1.25% from 1.75% as an… CMSpeople
Blog, Mortgage Tips & Advice 15 May 2020 How to Get a 2nd Mortgage with Bad Credit If you’re wondering how to get 2nd mortgage with bad credit, then you’ll soon realize that there’s less hurdles with 2nd mortgages compared to 1st mortgages. This is because, unlike 1st mortgages, 2nd mortgages don’t… CMSpeople
Blog, Mortgage Tips & Advice 01 Apr 2020 Mortgage Deferral Aka Mortgage Payment Deferral & Relief As many of our clients have heard, the major banks such as TD Bank, RBC, Scotiabank, CIBC, BMO, etc. have announced their efforts to help those clients in need of some mortgage payment relief. When… CMSpeople
Blog, Mortgage Tips & Advice 01 Apr 2020 Covid 19 Mortgage Assistance Like many Canadians, Covid 19 might defiantly threaten your household income or personal/business finances. While there are various relief measures in place to ensure that Canadians can afford to keep roofs over their heads and… CMSpeople
Blog 25 Oct 2019 Benefits of a Variable Mortgage A variable rate mortgage is one of two main types of mortgages that exist today, the other being “fixed” rate mortgages. The main difference between the two is that, unlike a Fixed rate mortgage where… nkad3
Blog 11 Oct 2019 Co-signer. Good or bad idea? Finding a co-signer for your mortgage approval can’t possibly be a bad idea if it helps you achieve your goal, and if the co-signer is aware of the benefits/risks associated. Though a rare privilege, co-signers… nkad3
Blog 27 Sep 2019 Credit Scores: What the Heck do I Really Need to get a Mortgage? Credit score (now referred to as ‘FICO score’) requirements for mortgages have changed over the last 24-36 months. So how do you know what credit score is required to achieve your home ownership goals? Well… nkad3
Blog 12 Sep 2019 Don’t Be Loyal to the Big Six (Banks) It’s no secret that the “Big Six” banks are juggernauts in the mortgage and real estate sector. But does this mean that they are the best place to get a mortgage? It must be, since… nkad3
Blog 23 Aug 2019 How to Pay off Your Mortgage Sooner The lifetime of a mortgage is typically the largest of any kind of loan. Currently, the maximum amortization of a mortgage loans is between 25-30 years, although in the past it was as long 40… nkad3
Blog 26 Jul 2019 The Power of Credit We often hear the importance of credit when it comes to borrowing, especially when it comes to mortgages. Major banks and institutions of all kinds, relay on a borrower’s credit rating/history in order to assess… nkad3
Blog 15 Jul 2019 Young Buyers Swapping Retirement Savings for Down Payments Isn’t this a scary thought? Younger buyers are thinking shorter term, rather than planning for their retirement. This might mean that we’re a generation doomed to work longer and live pay cheque to pay cheque….… nkad3
Blog 26 Jun 2019 Second Mortgages Brampton Are you looking to get a second mortgage? Trust the experts at Canadian Mortgage Services to get you the best rate. Serving Brampton & surrounding areas. nkad3
