Arbetov.ca Banks and Mortgages

With 2012 coming to a close, I want to sincerely thank you for your continued support throughout the year. Please accept my warmest wishes to you and your family over the holiday season and the coming New Year!
(FINAL 2012) MARKET SUMMARY
Though many external factors still loom, growth in the Canadian economy is expected to pick [...]

MARKET SUMMARY
· While CMHC (Canadian Mortgage Housing Corporation) is reporting a definite softening in the Canadian housing market (led primarily by Vancouver and Toronto), CIBC Economist Benjamin Tal reports that any fear of an American style housing crash reflects a deep misunderstanding of credit landscapes between Canada [...]

I hope you enjoyed a great Thanksgiving with friends and family!
As an even busier (and expensive!) holiday season approaches, I would encourage you to take a moment to consider your financial situation and ask yourself the following questions:

1. Do I currently have the lowest mortgage rate in history?
2. Would it make sense to break [...]

Credit Card debt can become overwhelming.  In fact, it has been shown that stress caused by worrying about overwhelming debt can actually cause physical ailments.  If you are in over your head with debt and wonder just how you will get out, have hope there are ways out.
To get out of debt you must first [...]

Choosing the mortgage term that’s right for you can be a challenging proposition for even the savviest of homebuyers, as terms typically range from six months up to 10 years.
By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is best [...]

Canadians seeking a sure-fire investment return should look no further than their mortgage. Paying it down as quickly as you can will, in most cases, result in a stellar return on your investment.
Prepayment options are worth exploring because paying down even a small amount of principal (the true cost of the mortgage loan minus the [...]

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home.
Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better yet, [...]

Big Mortgage Announcement, “TIGHTER Mortgage Rules”
If you or your clients are considering buying a new home or refinancing/renewing your current mortgage, it would be a wise move to act before July 9th!
The Federal Government announced this morning four new clampdowns on insured mortgages that will quickly come into effect on Monday, July [...]

Everyone has a different reason for wanting to renovate their home. You may be looking to make a change in the way your home looks or feels, or you may want to fix a maintenance issue or make your home more comfortable or energy efficient. Whatever your reason, undertaking a renovation involves a number of [...]

While most Canadians spend a lot of time and spend a lot of effort in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at the time of renewal costs Canadians thousands of extra dollars every year.
It’s important to never accept the first [...]

Before we answer this question, let’s see how one can lose money in FOREX (Foreign Exchange Market – FOREX) – International Foreign Exchange Market. The birth of FOREX should be credited to the American president Nixon, who renounced the conversion of the USD into gold. As a result, due to budget and trade deficit in [...]

The 10-year fixed-rate mortgage has generated renewed interest lately as borrowers look to lock in for the long term and enjoy the security and peace of mind this brings.
With mortgage rates at all-time lows, it turns out that fashion isn’t the only thing that comes back into style! In fact, 10-year fixed mortgage rates have [...]

Life in Canada presents us with some practical questions, for example – how to transfer money from Canada to our relatives in Russia, Ukraine, Kazakhstan or other countries quickly, safely and for moderate fees, or how to transfer money to Canada.
What are the ways of transferring money to other countries? We are talking about relatively [...]

Last month, the federal government published a Mortgage Prepayment Code to ensure borrowers are better informed by lenders (federally regulated institutions) when it comes to situations where mortgage prepayment penalties may be charged – namely, for the purpose of clarifying interest rate differential (IRD). This is a positive step, because IRD calculations and penalties have [...]