OSFI Flags Underwriting Issues Related to Income Verification
OSFI’s Annual Risk Outlook depicts several issues in the housing market which has led to OSFI outlining potential regulatory responses.
Top Five Misconceptions About Reverse Mortgages
Reverse mortgages are a type of mortgage product that is available for Canadians who are 55 years old and above.
Variable Mortgage Rates to Rise as Prime Rates Hiked to 3.20%
Variable mortgage rates are increasing because prime rates have been increased to 3.20% and overnight target hiked from 0.50% to 1.00%
What is Title Insurance?
Most borrowers would perceive that having title insurance is an unnecessary add-on to the already costly process of buying a house
Why You Need a Home Inspection?
Getting a home inspection can be a wise decision for the largest purchase you will likely to ever make because it can notify you of problems.
The Difference Between an All-in-One Mortgage and Traditional Mortgage
There are many different types of mortgage products available, and each mortgage product caters to different requirements of borrowers
Bank of Canada Prepared to Raise Interest Rates âForcefullyâ
The goal of the BoC is to ensure that they can control the high inflation in the country, and this is currently their top priority.
