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Hypothéque Montreal
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Recent Posts
Facing Foreclosure ( part 2 )
Few of the low-income borrowers who were targeted by alternative lenders gave much thought to where their mortgage money was coming from. "The way we understood it, as long as our mortgage was paid, they would just renew it. The joke was on me," said...
Facing Foreclosure
For the past three years, Lisa Matthews has never missed a mortgage payment - handing over $292, like clockwork, every week.But if nothing changes, a bailiff, acting at the request of her mortgage lender, will ring her doorbell and tell Ms. Matthews,...
Seven Ways To Damage Your Credit Score ( part 2 )
Run up high balancesIf using too little credit sends up red flags to lenders, using too much credit sends up roadflares and fireworks.Loading up on high-interest credit cards isn’t a good idea even if thereward programs are attractive. Lenders want...
Seven Ways To Damage Your Credit Score
As mortgage professionals, we feel it is of the utmost importance to inform our customersas to the significance of their credit standing and how it affects their capacity to obtain amortgage and, even worst, affects the cost of borrowing, especially ...
Housing Market Continue To Rise
New home construction rose by a seasonally adjusted annual rate of 157,300 units in October, up from 149,300 in the previous month, according to Canada Mortgage and Housing Corporation.Economists had expected housing startsto increase by between 155,...
Canadian Economy Rebounding
The stubbornly strong loonie is the major impediment to the Canadian economy rebounding more strongly from the recent deep recession, says Bank of Canada governor Mark Carney.In a new warning about the currency that is approaching parity with the U.S...

