Canadians have seen interest rates rise considerably this year and those not on a fixed interest rate mortgage have seen their regular mortgage payments rise along with them.  All the talk in the media, and rightfully so, is about the rise in mortgage payments, but what often gets overlooked is the longer-term impact to your financial health and retirement savings.

We have all heard stories about mortgage payments rising by $1,000 per month, but what about the impact of higher interest rates to service a mortgage over its lifetime?

Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and are simply waiting to close, there are still some things to keep in mind to ensure your efforts are successful.

To avoid having your mortgage approval status reversed or jeopardizing your financing, be sure to stay away from these 10 common mortgage mistakes.

Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is. If you are looking to pay off your mortgage faster, here are some tried-and-true tactics to get you to financial freedom that much sooner!

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  DECEMBER 23, 2020

Link to Original Article:  https://betterdwelling.com/flight-to-the-burbs-every-real-estate-market-in-ontario-is-outperforming-toronto/

Original Article Source Credits:   Financial Post , https://financialpost.com/

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Original Article Posted on:  Dec 18, 2020

Link to Original Article:  https://financialpost.com/news/economy/bank-of-canada-governor-wants-to-avoid-housing-policy-mistakes-of-the-past

Original Article Source Credits:   Financial Post , https://financialpost.com/

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Link to Original Article:  https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market

Original Article Source Credits:   HuffingtonPost , https://www.huffingtonpost.ca/

Article Written By:  HuffPost Canada Staff

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Link to Original Article:  https://www.huffingtonpost.ca/entry/house-prices-canada_ca_5f885d31c5b681f7da1f5dc8

Original Article Source Credits:   CNBC, https://www.cnbc.com/

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Link to Original Article: https://www.cnbc.com/2020/10/27/does-buying-a-home-make-you-happier-psychology-of-home-ownership.html

Original Article Source Credits:   Move Smartly, https://www.movesmartly.com/

Article Written By:  David Larock

Original Article Posted on:  September 14, 2020

Link to Original Article:  https://www.movesmartly.com/articles/bank-of-canada-confirms-ultra-low-mortgage-rates-are-here-to-stay

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