Posts Tagged ‘Khan’

Pick the Right Perks for your Adjustable Rate Mortgage

Monday, December 28th, 2009
Pick the Right Perks for your Adjustable Rate Mortgage

These are heavy days for Canadian homeowners. If you’ve been in your home even a few years, you’ve probably already enjoyed a modest climb in the value of your home. Even if you don’t intend to sell, it’s good to know that your real estate investment is doing well. But we’re also enjoying an environment in which mortgage rates have reached historic lows.

That combination — strong valuations and low mortgage rates — has an unpre (more…)

Understanding Jumbo Mortgages

Thursday, October 9th, 2008
Understanding Jumbo Mortgages

A jumbo mortgages is a home loan that exceeds the limits set by Fannie

Mae and Freddie Mac.

How are jumbo loans different?

What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than $417,000 are usually deemed jumbo mortgages. This determination is made by comparing industry standa (more…)