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Mortgaging a Property via Assignment

Mortgaging a Property via Assignment

  Mortgaging a Property via Assignment   Mortgaging a property via assignment is a contract provision included in some real estate transactions that allow the buyer to resell or transfer a property to another buyer before the deal’s closing date. As one of...
Bridge Financing

Bridge Financing

  Bridge Financing Bridge Financing, also commonly referred to as a “Bridge Loan”, is a way to help literally bridge the gap between closing on your current house and your new place. This product allows you to carry the mortgage on two properties for a specified...
Bank of Canada and the Economic Recovery

Bank of Canada and the Economic Recovery

At the end of January, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.50% and the deposit rate at 0.25%. This means that the Bank of Canada rate stayed the same, which means variable rates will...
How Mortgage Rates Work

How Mortgage Rates Work

How Mortgage Rates Work The topic of how Mortgage Rates work is a long, complicated series of moving puzzle pieces that work together perfectly. Today we are going to break it down as best we can. During the process of taking out your first mortgage, you will learn...