http://www.financealley.com en-us editorial@financealley.com 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... http://www.financealley.com/article_214320_19.html 18th September 2007 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... http://www.financealley.com/article_192935_19.html 26th July 2007 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... http://www.financealley.com/article_192246_69.html 25th July 2007 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... http://www.financealley.com/article_188281_19.html 23rd July 2007 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... http://www.financealley.com/article_187857_19.html 23rd July 2007 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 - ... http://www.financealley.com/article_176608_19.html 19th June 2007 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 ... http://www.financealley.com/article_161411_19.html 21st May 2007 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... http://www.financealley.com/article_159795_19.html 15th May 2007 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... http://www.financealley.com/article_158664_19.html 11th May 2007 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... http://www.financealley.com/article_158099_19.html 10th May 2007 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? ... http://www.financealley.com/article_149351_19.html 19th April 2007 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... http://www.financealley.com/article_146352_19.html 10th April 2007 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... http://www.financealley.com/article_142767_19.html 31st March 2007 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... http://www.financealley.com/article_141770_19.html 28th March 2007 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... http://www.financealley.com/article_141170_19.html 27th March 2007 You can save thousands, if not tens of thousands of dollars on a home loan if you choose the right loan strategy (prêts hypothécaires). Even on a $100,000 mortgage, the savings can be considerable. So the real question is what should I be doing besides... http://www.financealley.com/article_138098_19.html 14th March 2007 When you apply for a mortgage, the two parties in the transaction are somewhat against each other. The borrower wants to get the best (lowest) interest rate possible and the lending institution wants to get the most earnings (highest rate). A mortgage bro... http://www.financealley.com/article_137972_19.html 13th March 2007 Why the “5 by 5” (5 ans fixe) mortgage strategy (renewing a fixed rated five year mortgage five times)? This strategy is a common mortgage strategy, probably the most common in Canada, though not in the rest of the developed world. As a matter of ... http://www.financealley.com/article_133613_19.html 01st March 2007 As a borrower, you want to know all of the matters that affect how your home loan (Intelligence Hypothécaire) will be treated. Here are two important features you should know about. -Brokers get a commission based on the size of the loan, not on the in... http://www.financealley.com/article_133280_19.html 01st March 2007 Working with a mortgage broker (Intelligence Hypothécaire) is beneficial for a buyer for a number of reasons, and here we will discuss two of them. It is important to know that mortgage consultants receive fees on the size of the mortgage, not the inter... http://www.financealley.com/article_133210_19.html 01st March 2007 If you are looking at buying a home or refinancing your existing home, you have probably been having a lot of conversations about interest rates (taux hypothecaires). If you enjoy talking about interest rates, fine, go ahead. It's like talking about the w... http://www.financealley.com/article_132452_19.html 27th February 2007 If you are looking at buying a home or refinancing your existing home, you have probably been having a lot of discussions about interest rates (taux hypothecaires). If you enjoy talking about interest rates, fine, go ahead. It's like talking about the wea... http://www.financealley.com/article_132437_19.html 27th February 2007 One of the most important things you can do when you are considering buying a home is to choose the right mortgage strategy. Too many borrowers only think about interest rates, not realizing that choosing the right mortgage strategy can save them tens of ... http://www.financealley.com/article_131716_19.html 22nd February 2007