Mortgage Blog

Know about Latest Mortgage News, Updates and Articles.

Get the latest Canadian mortgage news from Finser Mortgages. Our blog provides about Mortgage Trends, Mortgage Rates and various other useful information about our Mortgage Services.

Mortgage Stress Test Changes Coming April 06-2020

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Starting in April, the government will change the rules that cover mortgage lending in a way that should, in the short term at least, make it easier to qualify for a loan to buy a home. The Department of Finance says that as of April 6, the so-called “stress test” for mortgages will be calculated […]

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Are Toronto House Prices Headed Back to 2016 Levels?

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Are Toronto House Prices Headed Back to 2016 Levels? Concern is growing that Canada’s largest housing market may be about to experience a new round of froth, similar to that seen in 2016. Back then, red-hot housing markets in the Greater Vancouver and Toronto Areas ultimately forced the federal government to introduce the 2016 and […]

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Coronavirus fears help push down Mortgage Rates

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The ripple effects of the coronavirus are being felt on Canada’s bond market, which is translating into lower mortgage rates. Variable-rate mortgages are generally tied to the Bank of Canada’s overnight benchmark rate. Their fixed-rate counterparts depend on the five-year Government of Canada bond yield, which fluctuates with market forces. It’s fallen sharply since the […]

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Canadian interest rates may start dropping again in April: RBC

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The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as a surprise to economists who pay close attention to the central bank’s moves. It was, after all, the fifteenth straight month that the interest rate […]

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Bank of Canada keeps rates at 1.75%, trims 2020 economic forecast

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Bank of Canada | Finser Mortgages

The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy for 2020. The central bank says in its latest forecast that the Canadian economy will grow by 1.6 per cent this year, down 0.1 of a percentage point from […]

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Mortgage Refinance

Steps to Renew your Mortgage

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Renew your Mortgage Steps to Renew your Mortgage. Renewal Statement: The renewal statement is issued by your financial institution at least 21 days before the end of existing term. Information on the statement includes,Balance outstanding, Interest Rate, Payment Frequency, Term and any charges or fees that may apply. It specifies that until the date of renewal the interest rate offered will not increase. If the lender doesn’t wish to renew, you will be notified at least 21 days before the renewal date.

How to Payoff Mortgage Faster

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Imagine a life with no mortgage. How satisfying it would be knowing that your home is truly your’s. So much cash in hand and much more savings when there is no financial obligation such as the mortgage.
Planning and Managing your Mortgages

Tips for Planning and Managing Your Mortgage

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Home financing may bring challenges. Be prepared to deal with as they come up. These can include a loss of income, increased expenses or rising interest rates. The following tips can ensure you’re financially stable through any ups and downs.
How to Get a mortgage in Toronto?

How to get a Mortgage?

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You should have downpayment ready, Plan a budget. Check your credit if established. Support your application with required documents. We are Reliable, Trustworthy and dependable.

5 Tips when Refinancing Your Mortgage

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5 Tips when you are Refinancing Your Mortgage 1. KNOW YOUR CREDIT SCORE Most people don’t know about the credit. It is vital to have exact credit score and complete report. Your report plays a vital role to assess the chances for…

CMHC new changes to Mortgage Insurance

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CMHC announced changes to its mortgage insurance underwriting and acceptance criteria. Effective July 1, the following changes will apply for new applications for high ratio mortgages.

Get your Mortgage Today with Low Interest Rates!

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New Lower Mortgage Rates are available! What are you waiting for? Take advantage of the low interest rates. NEW MORTGAGES RATES! Let us help you with the Mortgage Solution. Give us a call today at 905-461-9177!

What is an Insured Mortgage?

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INSURED MORTGAGE SIMPLIFIED. An Insured Mortgage covered by Mortgage Default Insurance is called an Insured Mortgage. Lenders apply for Default insurance, this default insurance covers the lender (not the borrower) against any losses…
Finser Mortgages-Why use a mortgage broker

Why use a Mississauga Mortgage Broker?

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- We Represent you!  Our Mortgage Agent is inclined with your interests. -Range of Mortgage Products! We have mortgage products that suit your specific needs, and probably not available at your traditional lender. -Options…

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