Mortgage Amortization This is the 9th article in our Mortgage Life Cycle Costs series. As a reminder, Canada’s large banks are a saturated oligopoly. Oligopolists are interdependent of each other [...]
Mortgage Term This is the 8th article in our Mortgage Life Cycle Costs series. As a reminder, Canadian banks are a saturated oligopoly. Oligopolists are interdependent of each other and[...]
Mortgage Supporting Documents Once you are eligible for a mortgage and are finalizing your mortgage, it comes down to managing and fulfilling your mortgage conditions. Your mortgage conditions are represented[...]
Why a seller should insist on a condition of finance In a very active, fast-moving, competitive real estate market where property prices are rising at unprecedented levels, my clients ask[...]
Purchase Plus Improvements It has often been said that we live in homes that we don't really like, to fix them up three months before we sell them for the[...]
The Mortgage "Stress Test" What is the "Stress Test," how is it determined, is it a good thing, and how does it affect you? Inescapably, it will affect the applicant[...]
Down Payment Amounts and Sources When purchasing a property and the borrower needs a mortgage, a down payment is necessary. The down payment is the capital that the investor personally[...]