http://www.mbnmortgage.com/news Mon, 05 Jan 2009 22:58:28 +0000 http://backend.userland.com/rss092 en CAAMP has released its annual mortgage report and below are some of the more prominent statistics: ·   5,250,000:  The number of Canadian home owners with mortgages.   ·   29%:  The percentage of Canadian homeowners who got a new mortgage in the last 12 months. 86%:  The percentage of people renewing or refinancing that stayed ... http://www.mbnmortgage.com/news/2009/01/05/caamp-statistics-a-reflection-of-2008-canadian-mortgage-news/ With Christmas Season here and consumers waving their plastic cards around frivolously, we at MBN Mortgage want to remind you how your spending habits this holiday can affect your credit and investment potential. Firstly, when you come across the “Do Not Pay For One Full Year Event” – it IS too ... http://www.mbnmortgage.com/news/2008/12/24/christmas-spending-and-your-credit%e2%80%a6what-to-avoid-and-helpful-hints/ With winter on its way, it may seem too early to be thinking and planning for spring, but December is a critical month when it comes to smart financial planning. With year-end just around the corner, there are many opportunities to take advantage of now that will pay off next ... http://www.mbnmortgage.com/news/2008/12/21/tax-saving-strategies-for-2008/ In an unprecedented move, the Bank of Canada cut its key interest lending rate by ¾ of a percent today; this is the lowest rate since 1958 when it was 1.12%. The National Post called the cut “radical” and many economists had predicted that at most, the Bank of Canada ... http://www.mbnmortgage.com/news/2008/12/09/bank-of-canada-%e2%80%93-key-overnight-rate-announcement%e2%80%a6what-this-means-for-you/ Ever wonder what types of mortgages are available to you?  Ever wonder if your mortgage broker or bank has placed you in a mortgage best suited to your needs?  We’ll help you uncover what type of financing you have in place, and we will review this financing with you to ... http://www.mbnmortgage.com/news/2008/12/01/financing-optionsare-you-aware-of-what-is-available-to-you/ During the past 15 years, residential mortgage credit has expanded at an average rate of 7.2% per year, which is slightly faster than the 6.9% growth rate for total household and business credit. With this, more and more Canadians are utilizing the resources of a Mortgage Broker/Specialist when shopping for ... http://www.mbnmortgage.com/news/2008/11/22/your-calgary-and-southern-alberta-mortgage-specialists/ Copper tumbled more than 5% on Monday and aluminum sank to a three-year low on a weaker consumption outlook for metals in the face of a global downturn.  European Shares dived with miners among the 10 biggest losers on Britain’s share index.  The price of copper – often seen as ... http://www.mbnmortgage.com/news/2008/11/17/are-you-waiting-for-your-stocks-to-turn-around-keep-waiting/ The obvious difference between an Interest Only Loan and a Principal and Interest Loan is that with Interest Only you are not paying down the principal balance of your mortgage.  This means you could possibly owe exactly the same amount after your term ends as when you started. If this is ... http://www.mbnmortgage.com/news/2008/11/16/interest-only-home-loans%e2%80%a6what-are-they-and-why-would-you-want-one/ The U.S. government and the country's mortgage sector on Tuesday announced plans to help homeowners behind on their house loans. Roughly four million U.S. homeowners were behind on their mortgage payments or in foreclosure in June, according to data from the Mortgage Bankers Association.  To qualify, homeowners will have to be ... http://www.mbnmortgage.com/news/2008/11/11/us-mortgage-help-plan-unveiled/ Math whiz Ravi Sood has ridden the highs and lows of the wild world of hedge funds. The president of Lawrence Asset Management Inc. made a name for himself running the firm's flagship hedge fund with stellar returns such as his 75-per-cent gain in 2007.  But the stock market crash has ... http://www.mbnmortgage.com/news/2008/11/11/with-hedge-funds-plummeting-canadians-are-looking-for-safer-more-secure-investments/