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

Article Written By Daniel Wong

Original Article Posted on : SEPTEMBER 3, 2019

Link to Original Article: https://betterdwelling.com/canadian-mortgage-growth-picks-up-but-is-still-the-slowest-in-over-20-years/

Dealing with Mortgage Payment Difficulties http://bit.ly/32Bb0bR

Bank of Canada reveals latest interest rate decision https://www.mortgagebrokernews.ca/business-news/bank-of-canada-reveals-latest-interest-rate-decision-303697.aspx?utm_source=%7B%7Bcontact.platform%7D%7D&utm_medium=%7B%7Bcontent.updated%7Cdatetimeformat(%27%25Y%25m%25d%27)%7D%7D&utm_campaign=%7B%7Bcontent.campaign_name%7D%7D&utm_content=%7B%7Bcontact.emailmid%7D%7D&tu=%7B%7Bcontact.emailmid%7D%7D

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For most first time home buyers, obtaining a mortgage is a crucial part of the purchasing process. However, being approved for a mortgage is often easier said than done.

Purchasing your first home is the dream of a lifetime and a massive investment toward your future. The process is full of hopes and aspirations but is also a huge commitment to take on.

With a rise in interest rates by the end of the year all but certain, variable mortgage rate plans have become less enticing than they’ve been in the last decade.

The storyline that debt levels in Canada are big but manageable is starting to unravel.

What is the biggest stress affecting Canadians today?

The Bank of Canada raised its target for the overnight rate to 3/4 per cent on July 12.

(NC) Buying a new home is an exciting but often stressful experience. The variety of financing options now offered by lenders is overwhelming.

No matter how carefully you plan, life can put a dent in your retirement funds. A life-altering accident or illness can turn your life upside down. Dipping into your retirement....