Tag: ontario

Current Mortgage Rates

The current mortgage rates are determined by several factors; the prime rate, the Applicants’ credit score, down payment, loan-to-value percentage, and the lenders’ loan policies. The prime rate refers to the annual percentage rate of the mortgage rate; the Applicants’ credit score is a measure of risk tolerance for lending; the down payment is the

Understand how Reverse Mortgages Work

A reverse house loan is really a bank loan which allows property owners to adopt against the collateral in their residence without promoting it. As an alternative, the borrowed funds is repaid when the property owner techniques or offers. Reverse mortgages are generally utilized by elderly people who want to stay in their properties but