Home Buyers Alert

Builders keeping eye on affordability - Calgary Herald May 18, 2012
Builders keeping eye on affordabilityCalgary HeraldSo for those still in Calgary and with the know-how to build a new home, their wages are on the rise. Ultimately, those increased expenses are paid for by new home buyers in the form of higher prices. “If activity remains strong in the residential ...and more » […]
Finding the right agent - TheChronicleHerald.ca May 18, 2012
TheChronicleHerald.caFinding the right agentTheChronicleHerald.caCanada is no different. In fact, the buying and selling process is more complicated because each province has its own rules and regulations. No matter where you live, there are two commandments that ought to guide new-home buyers. 1. […]

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refinance mortgages

By MSC

refinance mortgages
Can a person refinance a home equity loan, unlike a mortgage refinance? ?

couple of years ago A, my husband and I doubled the size of our house that he had been "free and clear." We carried out a home loan 20 years $ 250,000 at a rate of 5.85%. Since I already owned the house and it was not technically a mortgage, no payment on this loan. With lower rates, do we any hope of refinancing our home equity loan? Or, is basically restricted to mortgage refinancing? Thanks.

because the loan was secured by real estate is technically a mortgage. If you refinance you'll be looking at a new mortgage or a conventional or a new loan.

refinance mortgages

El Paso, Texas mortgage brokers offering "no closing costs mortgage refinancing?

Are advertised on the radio few months ago.

Deborah, be careful. There really is no such thing as a true "no cost" loans. You will pay for that in the tariff. As this is a refinancing can roll the closing costs on the loan, or apply an interest rate higher to make more money from the lender. At this point, you can pay the closing costs. Please feel free to contact me to discuss. I am a mortgage lender in Maryland that can provide loans nationwide. Thank you Scott Rubin 888-475-0700 x204

Time For Homeowners to Refinance Mortgages? FOX Interview with Chip Cummings

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Mortgage Tip of the Day

If you want to borrow and you have bad credit, no credit or no verifiable income, and you need a bad credit mortgage, a mortgage broker can find a lender with the capital you need. If you have equity in your present property or a healthy down payment for a new one, a competent mortgage broker can remove barriers and get you the best mortgage possible. Mortgage Shopper Canada offers a free service with access to Brokers and Lenders covering Canada. Call toll free 1-866-285-3972 with your questions.

Canada-wide Mortgage News

EARNINGS PREVIEW: Solid 2Q Seen For Canadian Banks - Wall Street Journal May 18, 2012
EARNINGS PREVIEW: Solid 2Q Seen For Canadian BanksWall Street JournalBy Caroline Van Hasselt Of DOW JONES NEWSWIRES TAKING THE PULSE -- Continued strong residential mortgage demand is expected to help Canada's major banks post yet another solid quarter of earnings growth despite a recent tightening in lending practices. […]
Book Review: Thieves of Bay Street, by Bruce Livesey - National Post May 18, 2012
National PostBook Review: Thieves of Bay Street, by Bruce LiveseyNational PostIt was the time of falling interest rates, and that, though he does not emphasize it, is really the driving force behind many of the scandals he describes. Interest is the price of money and the premium for risk. Low interest was the double whammy to ... […]