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Christmas Rush
Posted on December 10, 2009 by ottawafinance
There is always a bit of a last minute rush right before Christmas on mortgages and refinancing. If you are planning a home purchase, or doing anything with your mortgage make sure you have all the paperwork in and confirm with all parties involved. It is not uncommon to have a fax sit on someones [...]
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December Stats from CAAMP
Posted on December 2, 2009 by ottawafinance
Welcome to the December issue of CAAMP Stats. CAAMP recently released its fall annual report on the state of the residential mortgage market in Canada.
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Caculations Differences
Posted on December 2, 2009 by ottawafinance
It is a little known fact but not all lenders are created equal. There are vast differences on prepayment, rates, service but one think most people over look is how they calculate TDS. TDS or Total Debt Service is a percentage guideline that all lenders use to determine affordability. In most cases the maximum TDS one [...]
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