Click Your Mortgage Blog
Know the Mortgage Process Before You Start
Many first-time homebuyers may be wondering where they should start with the mortgage process. A common source of confusion is the difference between mortgage pre-qualification, pre-approval and rate holds. Recently, the Toronto Star published a good explanation of...
Bank of Canada Leaves Rates Untouched
Bank of Canada Holds Interest Rate at 1% The Bank of Canada has kept its trendsetting overnight interest rate at one per cent, but not because the economy is doing poorly. The bank says the economy is actually outperforming expectations, and now expects it will grow...
Release: BoC leaves overnight rate at 1.00% and preserves cautious tone
As expected, the Bank of Canada (BoC) left its target for the overnight interest rate unchanged at 1.00% for a fourth consecutive meeting since September 2010. In light of today’s BoC statement, we still identify 19 July 2011 as the likeliest date at which it will...
How do I obtain a no Down Payment Mortgage and start enjoying home ownership today?
CMHC has changed the requirement and have removed 100% financing from the products they offer. Now every Canadian that receives CMHC insurance has to have at least 5% down. You may still be seeing advertisements or have spoken to friends or family that have received 0...