How to prepare your credit for a mortgage to get the best possible rate and save thousands

September 17, 2019

There’s no question that buying a home is a big investment. For many people, it’s one of the biggest investments they’ll ever make. The decisions you make before you purchase a home can have far-reaching, long-lasting financial effects. You probably want to choose a home in a thriving market, where property values will hopefully rise over time. […]

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Best value mortgages revealed – including how to get a record low interest rate

September 11, 2019

The best value mortgages – including those with record low interest rates- have been revealed. More than 3000 mortgages from 90 lenders were analysed and rated. Although borrowers are resisting fixed term loans with more rate cuts forecast, 11 lenders scored a five-star rating for their three-year fixed loans under three per cent. (iStock) Five-star […]

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Negative Rates Are a Cash Cow for Denmark’s Mortgage Lenders

September 4, 2019

In Denmark, where banks have been grappling with negative interest rates longer than in any other country, there’s one corner of their business that’s raking in a lot more money. Low rates are driving record numbers of borrowers to seek cheaper mortgages, generating bumper fees for an industry that’s otherwise feeling battered. Danske Bank A/S, which […]

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Elphi, An MIT FinTech Startup, Makes Mortgage Processing Easier For Borrowers and Lenders

September 1, 2019

The process for a prospective homeowner to apply and qualify for a mortgage is simple compared to the procedures the lender has to follow to originate a home loan. Lenders must work with a variety of third-parties that require different kinds of information about the borrower. The friction created when one entity is transferring or […]

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3 Reasons Why Now Is The Best Time To Refinance Your Mortgage

August 30, 2019

Right now is as good a time as you may find to refinance your mortgage, whether for your home or a commercial property. In a piece titled “5 Reasons 2019 Is The Most Important Year For Housing In 10 Years” I argued that changes in interest rates were on the shortlist of critical factors that would impact […]

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A Danish bank is offering mortgages at a 0.5% negative interest rate – meaning it is basically paying people to borrow money

August 9, 2019

A bank in Denmark is offering borrowers mortgages at a negative interest rate, effectively paying its customers to borrow money for a house purchase. Jyske Bank, Denmark’s third-largest bank said this week that customers will now be able to take out a 10-year fixed rate mortgage with an interest rate of -0.5%, meaning customers will pay […]

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Mortgage rates sink to 3-year low, but one-third of borrowers are making this big mistake

August 6, 2019

Escalating tensions over a trade war with China sent investors rushing to the relative safety of the bond market late last week. That pushed the yield on the 10-year Treasury, which mortgage rates loosely follow, down sharply. The average rate on the popular 30-year fixed mortgage hit 3.70% on Friday, the lowest since November 2016, […]

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Freddie Mac predicts more homebuying, but there’s a catch

July 31, 2019

Freddie Mac forecasts that mortgage lending will rise this year and next on the strength of combined low mortgage interest rates and slowing home price growth. (Photo: Bet_Noire / Getty Images) Freddie Mac, a government-run corporation that buys home mortgages and packages them into mortgage-backed securities, said Tuesday in its monthly forecast on the mortgage market […]

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Alternative lenders gain market share as total mortgage growth slows, CMHC says

July 17, 2019

A for sale sign displays a sold home in a housing development in Ottawa on July 6, 2015. A new report from the Canada Mortgage and Housing Corporation suggests more people are turning to alternative lenders, while the overall number of new mortgages slowed amid government interventions aimed at cooling the housing market. THE CANADIAN […]

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How to Get the Best Mortgage Rate in 2019

July 15, 2019

Getting the best rate on your mortgage is important and can save you a ton money over the life of the loan. Over the life of a 30-year mortgage, the interest paid alone can amount to almost as much as the cost of the home you are buying, depending upon the rate and other factors. […]

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