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Events
4 past eventsSee All
- Bank of Canada Rate Announcement
Ottawa
Monday, August 18 at 8:00pm - Bank of Canada Prime Rate Anno...
Vancouver
Tuesday, July 15 at 9:00am - Prime Rate Announcement
Canada
Tuesday, June 10 at 7:25am - Prime Rate Announcement
Canada
Wednesday, April 23 at 8:00am
Notes
3 of 86 notesSee All
- Grow-Ops Properties - Is it Lendable? 3:04am Jul 26
- 95% Loan to Value Second Mortgage 2:35am Jul 26
- Cash Back Mortgage? How about "Flex Down" ? 12:27am Jul 23
As of today, 2nd mortgage up to 95% LTV is available through selective lenders as long as the first position lender is a CMHC approved lender. If you are planning to do some equity take out on your principle residence, this will work well...
Some lenders try to get away from 'grow-op' properties. Some lenders will consider lending on such property providing the property is strong and has been fully remedied...
Have you seen 'cash back' mortgages with zero down payment funded on closing? Yes it is available at posted rate (not fully discounted rate). How about considering 'flex down' mortgage and get the best rate possible!...
CMHC GUIDELINES -CMHC will allow a full rental property to be registered in a company name for fully qualified deals only.-CMHC BFS simplified program is not eligible.-When submitting a rental application with a Corporate borrower, the corporation’s full legal name is entered in the guarantor f...
What It Will Really Cost to Own a Home?A quick rule of thumb, any home buyer can expect to pay from 1.5% - 4.0% of the purchase price of their home in closing costs.Here are a list of expenses and some of them are optional:Cost of HomePurchase PriceGST (on new/significantly refurbished...
CMHC will no longer accept applicants under their Self Employed program who own and incorporate a company. CMHC will still however do “sole proprietor” under that program. If...
If you are a new immigrant and thinking to purchase a home or rental home in Canada, here is a good program: * 30% down payment, can be owner occupied or rental...
(Ottawa March 3, 2009) - As expected, the Bank of Canada aggressively reduced another 0.50% on the overnight lending rate. The bank's current prime rate is reduced from 3.00% to 2.50%...
RECENT ACTIVITY
Best Rate Best Mortgage Canada discussed Varialbe Mortgage - Prime Rate Remains 2.25% (July 21st 2009) on the Best Rate Best Mortgage Canada discussion board.
Best Rate Best Mortgage Canada changed their Hours.
Best Rate Best Mortgage Canada discussed Variable or Fixed rate? on the Best Rate Best Mortgage Canada discussion board.
Do you have a Citi bank mortgage up for renewal...
Jan 20th, 2009, Bank of Canada announced yet another rate cut by 0.50% from 3.25% to 2.75%. The previous rate cut was last year December 9th.Major banks and lending institutions in the previous rate cut followed only 0.25%...
Effective December 8, 2008, the following changes have been implemented to the Genworth BFS Program...
Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3.25% The outlook for the world economy has deteriorated significantly and the global recession will be broader and deeper than previously anticipated. Global financial markets remain severely strained...
