Paying attention to your mortgage ... before your loan closes Whether you are happy with the rate What's happening in the economy The lowest-risk rate locks are fee free and have a float-down ...

Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers planning to switch lenders. The Office of the Superintendent of Financial Institutions ...

Your debt-to-income ratio (DTI) would be 36%, meaning 36% of your pretax income would go toward mortgage and other debts.

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's ...

Pay your bills in full and on time each month, look for any errors on your credit report and avoid applying for other loans or credit cards too close to your mortgage or refinance application.

If you’re short on cash before your next payday, a loan app might be a helpful solution. These mobile apps offer short-term loans that are easier to obtain and more convenient to repay than ...

If you're saddled with a high mortgage rate, refinancing can get you a better rate and terms, pay off your loan faster or even convert your home equity into cash. You can also refinance to swap ...

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of ...

If you have an uninsured mortgage ... a high loan-to-income ratio. The regulator will then decide whether to add it to the current mortgage rules, or replace the existing stress test.

When the mortgage term ends and they have to renew their loan, borrowers must again pass the mortgage stress test if they want to switch to a different lender because the borrower is new to that ...

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the ...

Rocket Mortgage's ONE+ home loan allows eligible homebuyers to put as little as 1% down. We took a look at the features, advantages and potential risks of the ONE+ mortgage and compared it to ...