The prospect of a mortgage and owing a huge sum over decades — whether you’re arranging or renewing financing on a home — can be daunting. And when you look at how much of your payments go toward the interest in the early years of your mortgage, that’s even more discouraging. Jared Ksenica, BMO’s regional vice-president for the GTA mortgage specialist sales force. Discuss with your adviser the length […]
President Donald Trump’s short-term stimulus is pushing up borrowing costs and eliminating deductions in some markets. Although growth in the housing market is slowing, the number of million-dollar homes in the United States is on the rise, creating pockets of affluence in a housing market experts say is becoming increasingly […]
Most people would buy a home if it weren’t for this one thing Homeownership has long been the American Dream. But for many, it seems that money (or the lack thereof, more specifically) is the only thing standing in the way of that dream. According to a recent survey from […]
If you’re hoping to buy a house soon, one little number you’ll want to bring up to snuff is your credit score. Your credit score is a numerical summary of your credit report, a detailed document outlining how well you’ve paid off past debts—to your credit cards, college loans, and […]
