Monoline lenders
If your mortgage is up for a renewal and you are speaking to your mortgage broker, chances are the term “Monoline Lender” has come up at least one or twice.…
The scary mortgage penalty
Like anything else there is a fine print that comes with your mortgage. A growing mortgage trend for people is looking for the best rate but failing to see what…
Looking at getting in the Condo Market?
Canadian Association of Accredited Mortgage Professionals (CAAMP)’s fall’s report indicated 57% of total homebuyers in Canada were first time homebuyers. Year to date this number is roughly around 250 000.…
Understanding Collateral Mortgages
If you are thinking of going to your lender for your mortgage, it is important for you to know what a collateral charge is, and the pros and cons that…
Does Buying Pre-Sale Make Sense for You?
If you are in the market to buy a property, you have probably asked yourself the following question: “Should I buy something now or pay a down payment and purchase…
Amazon.com takes over Telus Garden Building
Vancouver is by far one of the most beautiful, livable cities in Canada. However, it does come with its concerns. Number one concern being that it’s expensive and there is…
We’re hiring!
LavaRates is hiring full-time, smart, money savvy writers to keep our users updated with valuable information about finance, mortgages, credit, and the real estate markets in Canada. If you are…
Bank of Canada Keeps Overnight Lending Rate Steady
Bank of Canada announced today that they would keep the overnight lending rate at 1%. Projections that Prime would increase in mid 2015 are now being postponed by another 6…
Wood frame or concrete?
Shopping for a home and don’t know if you want wood frame or concrete? What is the difference and would it really matter to you? Wood frame buildings are usually…
Fixed or Variable Mortgage Rates?
Many people are faced with this decision when purchasing and obtaining a mortgage for their home. Each have their own pros and cons and each are suitable for the right…