Mortgage Consumer Survey in Canada
Posted by admin on August 6, 2016
RBC bank customer services reveal that mortgage consumers have become
smarter than ever when looking back at the surveys in 2013. However,
every home buyer is still looking for some good advice and Rbc Calgary
nw Locations Looking at their behavior and tendencies in detail, it has
been seen that Canadians prefer and continue to pay off their mortgages
sooner than required. Under the current economic scenarios and the
fluctuating economies, it only makes sense to do market research well in
advance and get the best deals available in the market.
Mortgage Consumer Surveys have revealed that 31% of recent home buyers
in Canada preferred making a lump-sum payment. Many turned to Rbc 1800
Number to increase their regular mortgage payment. This is in comparison
to the 29% of home buyers in the 2011. Another trend seen among the
home buyers in Canada was to set off their payment set more than the
minimum needed. This trend has been consistent across the country and
the inclination was to lessen the life of their Rbc Main Branch Calgary.
Recent surveys also indicate that 32% of mortgage holders made
use of Rbc Bank Mortgage 1800 Number to accelerate the pace to pay off
their mortgage, either through lump-sum payments or payment increases.
These findings hold true for the young and middle-aged home buyers
seeking Royal Bank pre approval mortgage. The average equity for
homeowners was 47% and 71% of the home buyers had at least 25% housing
finance. The market competition as echoed in the recent months is
leading to Mortgage rate discounting at different Rbc branch locator.
Older Borrowers Facing a ‘Rapidly Shrinking’ High Value Mortgage Market
Posted by admin on July 29, 2016
The credit crunch forced lenders to revisit their mortgage policy
and, over the last few years, there have been some seismic changes to
the large mortgage industry in the UK. One of the major repercussions of
changes to lending policy and mortgage rules has been that there are
now far fewer mortgageoptions for older borrowers or those wanting to
borrow into their retirement.
Mortgage Strategy reports that older people are
facing a rapidly shrinking market as providers cut the maximum age on
their standard mortgage ranges. But, should lenders restrict high value
mortgage lending to older clients? And what options do you have
available if you’re an older person looking for a mortgage? We look at
the issues next.
Cuts in maximum age limits make it harder for older borrowers to get a mortgage
Guide to Being Debt-Free – The Steps to Freedom
Posted by admin on July 29, 2016
Many people are in debt. Some owe other people. Some owe banks and
other financial institutions. Then of course there is the multitude that
is in debt because of credit cards. If you are one of these people then
you are probably looking for a guide to being financially free. It is a
good thing that you chanced upon this article because here you will
find simple and easy to follow steps that you can do today to start your
journey to financial independence. You can’t expect to be debt-free
overnight, but you can definitely do something today that will inch you
closer to your goal.
Stop borrowing money
One of the first things
that you should do to become debt-free is to stop borrowing money. One
of the worst things that you can do is to borrow money to pay off other
debt. Such a practice will just continue the cycle of debt and will move
you further away from your goal of being debt-free. Instead of
borrowing money to pay off other debt, what you can do is to ask your
debtors to provide you with easier payment terms. You will be surprised
at how reasonable people can be if you will just talk to them nicely.
Role of a Mortgage Broker in Real Estate
Posted by admin on July 28, 2016
A mortgage broker is a well trained professional who helps in finding
the best loan option that suits your requirements. Usually, they are
educated in their field and are regulated by licenses. They offer the
borrowers different plans from different lenders. They can be employed
by an organization or they may work privately. People who are looking
for a mortgage loan can hire these professionals, because they know the
exact status of the current market.
Here are the reasons for a hiring mortgage broker:
Broker helps in realizing all the mortgage related information that is
necessary. First and foremost, there are numerous types of loans
available in the market, and each of these has several variations and
different parameters that can be rather hard to read. A good broker will
definitely explain all these mortgage related information along with
the different type of deals available. Once you realize all this
information, the broker can facilitate you to get the best mortgage.
Tips to Getting Secured Debt Consolidation Loans
Posted by admin on July 28, 2016
When
it comes to manage debt repayments then people often think of secured
debt consolidation loans for this purpose. This loan option is an
efficient way to pay off existing unsecured debts like credit card
bills, store card bills and unsecured loans. In this option you will be
liable to pay single affordable payment each month at lower interest
rate and easy repayment terms.
If
you have multiple unmanageable debts then it is better to consolidate
these loans. You can get secured consolidation loans against security of
your home. Secured loans can provide you the benefit of lower interest
rate and longer repayment term.
Generally it is difficult
situation to track multiple loans at a time. Debt consolidation loans
provide an opportunity to combine all unsecured debts into one so that
you can easily track the due date and repayments. You can use secured
loan to settle other existing debts. Further, you will liable for single
creditor and you will make only one payment each month to clear
existing debts. You will also be free from the difficulties of late
payment charges.