Mortgage Counsellors
Mortgage Information
Mortgage Articles
The Mortgage Centre provides information about mortgages in Kamloops and all areas of BC.
We keep articles that we think our clients will learn or benefit from. Here is the list of our most current and hopefully relevant topics:
Reference Articles
- Home Buying Step by Step
- CMHC’s Homebuying Step by Step guide is here to make things easier for you by providing the information you need to make a wise homebuying decision. This section provides examples and worksheets that will guide you through the entire homebuying process, from the moment you make the decision to buy your own home to the moment the movers carry the first box through the front door. It couldn’t be easier!
- The Mortgage Centre — About Us
- A short bio of The Mortgage Centre Franchise in Kamloops — in business since 1991
- The Mortgage Centre — Closing Costs
- A breakdown of the estimated costs to purchase or refinance a home in British Columbia
- Mortgage Protection Plan
- When you take on mortgage debt or any other debt for that matter, it’s appropriate to review the protections that you have from death and illness or injury in the family. Mortgage Protection Plan can help.
- The Mortgage Centre — FAQs
- Frequently Asked Questions about services available at The Mortgage Centre in Kamloops
- Home Warranty Insurance
- An up to date listing of Home Warranty Insurance companies in BC
Economic Reports
- Market Update
- CIBC World Markets Weekly Update — updated Jan 09 2012
- History of Variable Mortgage Rates
- A 25 year history of 5 Year term fixed rate Mortgages in Canada — updated Jan 07 2012
- History of Fixed 5 Year Mortgage Rates
- A 25 year history of 5 Year term fixed rate Mortgages in Canada — updated Jan 09 2012
- Fixed vs Variable Rate Comparison
- A 25 year history of Fixed Rate vs Variable Rate Mortgages — updated Dec 31 1969
- Bank of Canada Home Page
- Scads of economic information and history compiled by the Bank of Canada. Here’s our link to their site.
Warning: filemtime() [function.filemtime]: stat failed for pdf/Fixed_vs_var.pdf in /home/mortgag1/public_html/mortgage_information.php on line 139
Other Information Links
Some of these links to other sites may be temporary. Please notify us if any of our links are no longer in effect.
|
The Mortgage Centre’s Code of Ethics
Canadian Association of Accredited Mortgage Professionals As Members of CAAMP, The Mortgage Centre’s staff adhere to a Code of Ethics. |
Canadian Mortgage News From The Net
Montreal mortgage scam yields fraud charges Montreal Gazette Kinh Ho Quan, 56, and Hermel Bosse, 58, were arrested this week on charges alleging they took part in at least 20 fraudulent transactions totalling nearly $4.5 million and bilked individuals, financial institutions and the Canada Mortgage and Housing ... |
 CBC.ca | Bank of America's King says Canada may boost mortgage insurance cap Vancouver Sun TORONTO — Canada may need to raise the federal housing agency's limit on mortgage insurance by 25 per cent to $750 billion in the next budget to meet demand, according to Bank of America Corp. Canada Mortgage & Housing Corp. said this week it's ... Flaherty concerned by mortgage lending BofA's King Says Canada May Boost Mortgage Insurance Cap Canada Fin Min Concerned Some Lenders Relaxing Mortgage Standards |
B-school dean's first mortgage? 17% nail biter Toronto Star 27, 2012) By Emily Mathieu | 2012/02/04 18:00:00 Carol Stephenson is dean of the University of Western Ontario's Richard Ivey School of Business and was recently named one of Canada's most powerful women for the third time. |
 CBC.ca | Canada Govt's Exposure To Mortgage Lending Raising Alarm Wall Street Journal By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--For years, Canadian bankers have argued that government backing of the country's riskiest mortgages makes a US-style housing and banking crisis here unlikely. But as Canadian personal ... “Risk-Off” in the Canadian Mortgage Market CMHC curbs mortgage insurance offerings to banks Property investor, definitely keep your day jobs |
 AFP | Canada's FM 'concerned' about mortgages AFP OTTAWA — Canada's finance minister on Thursday expressed concern over banks loosening lending standards for mortgages after the country's independent banking regulator raised a red flag over the issue. Finance Minister Jim Flaherty, traveling in ... Flaherty Concerned By Mortgage Lending The Globe and Mail |
 Globe and Mail | Canada facing subprime mortgage risk Financial Post By Andrew Mayeda Canadian lenders are loosening standards, offering mortgages similar to US subprime loans that pose an “emerging risk” to financial institutions, according to the banking regulator. Banks and other lenders are becoming “increasingly ... Looser lending standards by Canadian banks raise concern Limit on CMHC mortgages could tighten lending and slow housing market Canada needs more tools to cut household debt: FSB |
Canada's housing market Look out below The Economist In response to America's slow economic recovery and uncertainty in Europe, the Bank of Canada has kept interest rates at record lows. Five-year fixed-rate mortgages now charge interest of just 2.99%. In response, Canadians have sought ever-bigger loans ... |
Genworth MI Canada Inc. Reports Fourth Quarter 2011 Results And Year End Results DigitalJournal.com (press release) The Company continued to make solid progress towards its operational targets and continues to maintain its leading position in the Canadian private mortgage insurance industry. New insurance written of $5.2 billion on high loan-to-value mortgages ... |
Canada Guaranty mortgage insurance now available through ING DIRECT DigitalJournal.com (press release) 30, 2012 /CNW/ - Canada Guaranty announced today that its full suite of mortgage insurance products is now available through ING DIRECT. Both Canada Guaranty and ING DIRECT are committed to ensuring Canadians benefit from greater access to affordable ... ING DIRECT Receives Prestigious Contact Center Employer of Choice ... |
 Gulf Times | Canadians on the edge of debt cliff Gulf Times The Canadian Bankers Association, which lobbies on behalf of lenders, points out that 68% of household debt is residential mortgages - loans that are backed by an asset and increase an individual's net worth. And 20% comes from lines of credit and only ... |