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 08 Mar 2010
History of Fixed 5 Year Mortgage Rates
A 25 year history of 5 Year fixed rate Mortgages in Canada from 1985 to 2009. Rates are still near historical lows.
Fixed vs Variable Rate Comparison
A Graphical history of Fixed Rate mortgages vs Variable Rate Mortgages for the last 25 years
Bank of Canada Home Page
Scads of economic information and history compiled by the Bank of Canada. Here’s our link to their site.

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 Please notify us if any of our links are no longer in effect.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.
About Mortgage Brokers
Mortgage Brokers Association of BC

Canadian Mortgage News From The Net


Globe and Mail

Mortgage lending growth drives Canadian banks' earnings
Financial Times
Canada's five big banks have again shown their mettle with unexpectedly robust first-quarter earnings driven by strong growth in ...
Canada's profitable banks set sights on growthGlobe and Mail
Scotiabank profit blows past estimatesToronto Star
Mortgages fuel Scotiabank earningsMontreal Gazette
Vancouver Sun -CBC.ca
all 210 news articles »

Xceed Mortgage Appoints Michael Jones Interim Chief Operating Officer and Jeff ...
Canada NewsWire (press release)
Xceed Mortgage Corporation, based in Toronto, is a Canadian provider of insured residential mortgages that it originates in Canada. ...

and more »

Choose mortgage words carefully
Montreal Gazette
Is it based on the Bank of Canada rate?" Mr. Siegle says. "Consumers hear these words all over the place and they need to establish what they mean. ...

and more »

Financial Post

More Canadians plan to buy homes: poll
Montreal Gazette
... reached $337410 in December 2009 - up 19 per cent from a year earlier - and sales were up 72 per cent, according to Canada Mortgage and Housing Corp. ...
More young Canadians taking advantage of low interest rates in housing marketThe Canadian Press
Young aged 18 to 24 twice as likely to buy homesNational Post (blog)
Banks May Sell More Covered Bonds on Rule Change: Canada CreditBusinessWeek
Canada NewsWire (press release) -yourhome.ca
all 206 news articles »

Globe and Mail

Bringing down the house
Globe and Mail
His conclusion about Canada's mortgage market: "boring, but effective." It's a meat-and-potatoes mortgage market. Most Canadians opt for fixed-rate ...
The Kansas City Star, Mo., Keith Chrostowski column [The Kansas City Star, Mo.]Insurance News Net (press release)

all 4 news articles »

The Guardian

Refinancing tempting at these rates
Globe and Mail
After months of mild fluctuations in fixed-rate mortgage rates, pressure seems to be building for an increase. The five-year Government of Canada bond yield ...
Mortgage Canada CalculatorOnline PR News (press release)
CPR on MortgagesRussia Profile

all 138 news articles »

CBC.ca

New Rules For Borrowers
Calgary Herald
Federal Finance Minister Jim Flaherty recently announced restrictions for any borrower who wants a mortgage backed by the Canada Mortgage and Housing Corp. ...
New mortgage rules pile onto HSTAdvisor.ca
Canadians managingmortgage debt wellLondon Free Press
Budgets in a dangerous timeGlobe and Mail
BusinessWeek
all 1,210 news articles »

Bank of Montreal earnings up nearly three-fold
Vancouver Sun
... weeks ago to support the long-term stability of Canada's housing market and curtail any speculative excesses in mortgage borrowing," Downe commented. ...

and more »

C.A. Bancorp Canadian Realty Finance Corporation Announces 2009 Financial ...
MarketWatch (press release)
Deal flow through early 2010 is strong and, provided that new commercial mortgages and loans close as projected, the Manager anticipates the balance of its ...

and more »

Credit markets soak up deals
Globe and Mail (blog)
Covered bonds are backed by both mortgages and the guarantee of the financing institution that issues the debt. It's a financing tool that's been used in ...

and more »

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