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Here is Your Refinancing Guide from GLM Mortgage Group. Why Refinance? There are many reasons why refinancing your mortgage is a smart move. You can: take advantage of lower interest rates stabilize payments by changing from a variable-rate mortgage to a fixed rate...
Helping You Understand Mortgage Insurance What is Mortgage Loan Insurance? Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against...
For the SELF-EMPLOYED…how to get the mortgage you want With the housing crisis, getting a mortgage broker for self employed individuals has become more difficult. Those who work for themselves and apply for a mortgage are confronted with a much more strenuous process...
The 2015 Real Estate Trend is Urbanization Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy...
Canadians taking on more debt, but also getting better at paying it back. The Financial Post reports this on debt: Credit monitoring agency Equifax says Canadians racked up more debt in the latest quarter, driven by mortgages and higher instalment loans. Data compiled...
Re-shared from canadianmortgagetrends.com: The vast majority of mortgage brokers recommend suitable mortgages, according to a new report from the Mortgage Broker Regulators’ Council of Canada (MBRCC). That’s vital because, as MBRCC Chair Kirk Bacon states, “Unsuitable...
The Bank of Canada sits tight as the prime rate has been entrenched at 3% for four years now, the longest stretch of flat rates since the 1950s. And the Bank of Canada gave no hint of change at this week’s rate meeting. Here’s the gist of its statement from this...
Real-estate analyst says Lower Mainland elections could influence housing prices Straight.com reports: Don Campbell likes to say that he doesn’t sell real estate. “I’m just a researcher,” insists the author of several books on property investing. Campbell also likes...
Mortgage Rates Hit New Lows Forecasters are hiking their expectations for Canada’s housing market amid signs low mortgage rates are energizing sales, construction and prices. The revised predictions come at a time when many economists thought that the growth in the...
When selling your home, it is ALWAYS a good idea to be as prepared as possible for your open house! The funny picture here says a lot, but the reality is, preparation never can start TOO early! Here are some great ideas from the HGTV blog on how to prepare for an Open...
At GLM Mortgage Group we get questions daily like, "what does that actually mean" or "I don't understand, can you explain that to me". We thought we would put some of the most commonly unknown, or misunderstood words into a presentation so that you could access and...
Canadians experiencing a surging housing market "Canada’s housing market is again proving to be hotter than economists expected. The latest data on sales of existing homes across the country will be released by the Canadian Real Estate Board. But a number of local...