You have probably heard that it is preferable to make your home loan payments as frequently as possible. How can we best understand this concept?Let us look at the two different ways of making weekly or twice monthly payments (prêt hypothéc...

The situations that most often result in a mortgage penalty (Note: This is only a part of a series of critical articles on the subject of mortgage penalties. You may have a question that is better answered in one of our other articles. The complete lis...

It can be even worse In most cases, for fixed loans, the early payment penalty is the higher of three months interest, or the differential between the original interest and new rates of interest, for the rest of the life of the loan. HOWEVER…it is...

How are mortgage penalties calculated? (Note: This article is part of a series of articles on the subject of mortgage penalties. It may be that your question on penalties may be better answered in another article. The list of the other articles on pen...

Variable Rate Mortgage Strategy More and more borrowers know and understand and consequently use, variable rate mortgages today than ever before. A report by Dr. Milevski (York University, Toronto) indicates that between 1950 and 2000, variable rat...

What do home lenders fear? So that you to understand mortgage loans better, you have to understand the “fears” of a home loan lender. Once you understand their point of view better, you can see whether they will accept your mortgage application - ...

The three distinct types of mortgage consultants are: • The representative of the local bank branch: This person can only offer loans, not a full strategy, and they have regular banking duties to do. They are paid a salary by the bank that employes ...

When you are deciding upon a mortgage advisor (courtier hypothécaire), make sure you find one with the expertise to assist you in your situation. New lenders come onto the mortgage market in Canada every year, at least six new ones in 2006 alone. Othe...

An important part of the confidence you will have in your mortgage consultant (courtier hypothécaire) comes from his integrity. Integrity has been described as being the quality of an honest, incorruptible person, a person whose behavior is above repr...

Repayment of a mortgage is an endurance sport. There are many strategies that can help you to win (that is, pay less interest). A good mortgage consultant (courtier hypothecaire) is an important asset who is able to help you get a good mortgage with the...

Once you start negotiating for a home mortgage, one of the most important things a bank will look for is a down payment. Even a small down payment will have an effect on your mortgage - hypotheque. How can I obtain a down payment for my home loan? ...

If you are interested in -Paying off your home loan faster (taux hypothécaire) -Saving taxes -Saving for retirement And who wouldn’t be? Read on. There is a home loan strategy called “the Smith Maneuver” that lets you achieve all of the...

You have frequently heard it said that you are better off making mortgage payments once a week or every two weeks. How does this strategy ? - prêt hypothécaire To answer this question, you have to examine the two alternate ways of making these payme...

If you are thinking about an open mortgage (hypotheque) because you prefer the idea of the freedom of paying it off when you want, make sure you understand the total costs. An open mortgage will allow you to pay off your mortgage balance with no penalt...

It will be difficult to choose the right mortgage strategy for your circumstances and that will save you the most money without understanding what influences interest rates in the first place (taux hypothecaire). The subject of interest rate movements...