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My Mortgage Blog — Latest Posts
Bank of Canada raises interest rate for 1st time in 7 years to 0.75%
The Bank of Canada has raised its key interest rate as expected to 0.75 per cent — the central bank's first move upward in the cost of borrowingin seven years.The bank's target for the overnight...
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Completing the Transaction
Once the offer is accepted you will need to carry out a number of steps and fulfill certain legal requirements before the transaction can be complete.Pay the deposit amount you agreed to in the...
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Q & A For First Time Home Buyers
Q: How do I know if I’m ready to buy a home? A: Do I have a steady source of income? Is my current income reliable? Do I have a good record of paying my bills? Do I have outstanding long term debts,...
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Secondary Market Influence
Even large companies with a lending license sell, or broker, the mortgage loan transactions they originate and close. A smaller percentage of bankers service and keep their loans than those in past...
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