Mortgage Payment Protection as Unemployment Insurance Unemployment insurance is a term used for mortgage payment protection, loan protection and income protection which is taken out in case some time in the future you find yourself unemployed by way of unexpected redundancy. While there have been many problems associated with the cover it can be a valuable lifeline if you should come out of work by giving you a tax free income each month....more
A purposeless retirement means spending the rest of your retirement years doing practically nothing. Leisure and travel right after your retirement is like your gift to yourself. These things do not last for long though even if you have a big fat bank account. You will get tired of them eventually.A purposeless retirement could be caused by a lot of factors such as not having a plan and retiring for the wrong reasons. Planning ahead is important....more
In order for Canadians to continually qualify for the lowest possible Canada mortgage rates, the Canadian government had ordered the financial institutions, lenders, and banks, to slash their interest rates to a low level.At this time, the Bank of Canada has set its prime rate at 0.25 %, and it will keep the rate on until the following year. With this current rate, the bank prime rate is set at 2.25%, the lowest ever.Banks are still offering low Canada mortgages even when the time period of below prime rate is over. There are still good deals on variable and short-term rates. To get the best Canada mortgage rates, you need to consider three steps.You need to shop around. According to a recent survey, not many Canadians are exploring other options. They stay with their existing lenders for reasons of loyalty, good relationships, and friendship.Rates vary from one lending institution to another. Even when the difference in mortgage rates is small, the savings can be great. The difference of one tenth a percent can be converted to huge savings in the long run.Banks are not the only ones that offer mortgages. When you shop around, you will find that there are several financial...more
Mortgage Insurance In Canada Overview Mortgage loans are lent to people to help them finance the personal possession of the real property. The lender advances the money to acquirer of loan and that person has to pledge some of his assets as security. The borrower gets the payments in the pre-decided periods of time and then has to return it...more
Author: Sanjana AntonyAre you someone that lives in the USA and are trying to keep up with the changes to and activity that seems to be non-stop within the US Mortgage industry are not going to have that easy a time trying to keep up with the constant changes that have a habit of becoming the defining standards throughout the state. Heck, there is...more
Experience the best mortgage solutions in Canada with Diverse Mortgage Group. Whether you're looking for a residential or commercial mortgage, our expert brokers offer trusted, personalized services designed to help you achieve your financial goals.more
Wealth building strategies abound so it is important that you choose one or few that will agree with your financial reality. Your financial reality may not be what you really wish for but it will be more difficult for you to grow, financially, if you...more
One of the easiest and cheapest ways to get out a possible foreclosure situation is to secure a home loan modification. As a matter of fact, with mortgage modification you can make sure that the situation does not go so far, when you find that you...more
The basic idea of the reverse equity mortgage is to help senior citizens, who have modest income and who need extra disposable money, to get it from the equity of their homes. So these people have low monthly incomes but they own homes, where they...more
The number of homeowners who have to contend with the risk of foreclosure is increasing each day. If you find yourself in a precarious situation where you are unable to make your monthly mortgage payments or have missed a payment you have three...more
To make sure that you're attaining the best mortgage rate offered in the market, it's necessary that you moreover get hold of all data on crucial costs implicated. Attaining the best mortgage rate is perceiving how much of a down payment you shall be...more
SELLER CONTRIBUTIONSA "seller contribution" is one of the best-kept secrets in the home-buying process. Thats when the seller of a home puts up some of the money needed toward the buyers closing costs. It can mean the difference between a sale of a...more