Tag

mortgage broker

Warren Buffett’s investment gives Home Capital a strong vote of confidence

Home Capital gets investment, new $2B credit line from Warren Buffett’s Berkshire Hathaway Berkshire Hathaway, led by the renowned investor, says it will take a 38.39% stake in the mortgage lender and provide much-needed cheaper funding Warren Buffett’s investment gives Home Cap
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A good article on Home Capital in the Financial Post

SourceURL:http://www.financialpost.com/m/wp/fp-comment/blog.html?b=business.financialpost.com/fp-comment/dear-mr-morneau-its-time-to-step-in-and-save-home-capital Dear Mr. Morneau: It’s time to step in and save Home Capital Jordan Hymowitz and David Taylor, Special to Financial
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Mortgage insurance premiums on the rise for Canadians, some by more than 10%

Garry Marr | January 17, 2017 5:59 PM ET More from Garry Marr | @DustyWallet    
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Canada’s big banks rush to borrow ahead of rising rates

The Globe and Mail (Ottawa/Quebec Edition)12 Dec 2016Following the election in the U.S., there has been a rapid back-up in global yields. Stephen Poloz Governor, Bank of Canada ANDREW WILLIS awillis@globeandmail.com The Bank of Canada may be holding off on interest-rate hikes, but the
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Sweeping Changes To Housing Rules Will Affect Mortgage Qualifying

The federal government will be enacting sweeping changes to housing guidelines that will dramatically and immediately affect how and what consumers, especially first time buyers or those with insured mortgages, can qualify for. I’ve summarized the changes below and you can read
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No Ontario communities outside Toronto to have land transfer tax

TORONTO — The Canadian Press Published Tuesday, Dec. 01, 2015 11:58AM EST Last updated Tuesday, Dec. 01, 2015 12:01PM EST The 444 municipalities across Ontario will not be given the same power as the city of Toronto to impose a land transfer tax. Municipal Affairs Minister Ted McMeeki
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BoC maintains overnight rate at 0.75%

Bank of Canada’s announcement maintains the overnight lending rate at 0.75%. As such, there will be no move in lenders prime rate which currently sit at 2.85%.  Full Service Variable Rate products are hovering around the 2.10% t0 2.20% range.   The Bank of Canada today anno
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