Most Recent Articles About Real Estate Tools
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4 Mortgage Mistakes You Absolutely Can’t Afford With Rates so High
Source: The Ascent --- While mortgage rates dropped to record lows during the pandemic, things have changed in recent months. Rates have crept up steadily and mortgage loan rates are now higher than they've been for many years. With today's mortgage rates coming in so...
15-year mortgages – back in the spotlight but are they the right choice?
Source: MPA Mag --- With interest rates rising in light of inflation, some would-be homeowners are eyeing 15-year mortgages in lieu of the traditional 30-year variety to build equity quicker. But one industry veteran urges caution against the option unless one is...
Additional Reading: Realtor Tools & Insights
Virtual mortgage closings took off during COVID-19. Why e-closings with online lawyers will soon be the norm
Source: The Globe And Mail --- If you’re a looking for a small silver lining in the global pandemic, you’ll find one in the way that COVID-19 inspired faster mortgage closings. When mass contagion made face-to-face lawyer visits less palatable, virtual closings took...
How much of your income should you spend on your mortgage?
Source: Money Mag --- Property prices may have started to retreat from their recent highs, but there's no denying that purchasing a home has become a more and more expensive undertaking in recent years. In fact, since June 2020, the average Australian mortgage...
How much are loyal borrowers missing out amid rate rises?
Source: Your Mortgage --- Homeowners who are not making any changes to their current home loans over the past few months could be missing out on potential savings. According to the Lendi Loyalty Index, banks are charging new customers rates that are 86bps lower than...
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