Canadian LOC Rates: Up, Down, or Holding Steady?
April 27, 2009
In case you haven’t noticed, the rates many Canadians are paying for their lines of credit have been rising in recent days – even though the benchmark rate of the Bank of Canada has been falling. Is it simple greed – or is there another explanation that makes more sense?
Here’s the story: There’s a better explanation, and it has to do with where your lender gets the money they lend to you on your line of credit. This cash comes from one of two places: Deposits and the wholesale lending market.
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3 Smart Ways to Refinance While Home Values Are Falling
April 15, 2009
If you’re concerned about refinancing while home values are declining, there is a way to refinance right now and still protect your financial best-interests.
Here are three sure-fire ways to capitalize on low rates and still make sure that you don’t get in over your head.
Mortgage Refinancing Choices Made Easy
April 3, 2009
Refinancing your home mortgage is a major decision regardless of where you live. Today, it’s more critical than ever before that you make the right mortgage refinancing choices
Mortgage refinancing choices are many – and answers that make sense can seem hard to come by. Here are three things you can do today to speed you towards a refinance mortgage loan that more quickly get you to your financial destination:
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5 Ways Fees For Refinancing a Mortgage Affect Your Bottom Line
April 1, 2009
If you’ve ever refinanced your home loan, you know that fees for refinancing a mortgage can substantially add to the overall cost of the loan. If you don’t know going in what fees you’re likely to pay, you might be surprised by the hidden costs associated with refinancing.
Here are five of the most common refinancing fees charged by some lenders and mortgage brokers – and the ways they can significantly add to the cost of a loan:
· Lender fees – Among the fees for refinancing a mortgage are appraisal fees and a host of other fees. Some are legitimate; many aren’t. So pay close attention to what you’re being asked to pay.
