Mortgage | refinancing

Current mortgage holders believe they will carry their mortgage to age 55 on average, but with a plan and small sacrifices, they could free up years of payments to go toward retirement savings TORONTO , April 30, 2012 /CNW/ – A CIBC (TSX) (NYSE) Poll conducted by Harris-Decima reveals that, on average, Canadians currently holding a mortgage believe they will be 55 years of age by the time their    .. more …

Use It Or Lose It If you want to refinance your home, you can get a lower interest rate on the new loan. One of the best ways to figure this out is to use a refinance calculator. It basically helps you to determine what the current rates are. With that information, you can determine whether it is actually worth your time to refinance your home. You can also determine the amount you are paying now    .. more …

Dear Dr. Don, What should I do about my finances? I have $100,000 in savings, but I also have a $19,903 mortgage balance, a loan for $6,093 and credit card balances totaling about $650. I am 52 years old and want to start saving for retirement. Should I pay off my mortgage? I intend to pay off the other loan and credit cards by the end of May. I am a little scared to get into the stock market. I    .. more …

Before I could create a realistic retirement plan , I had to guess when I might die. Although no one can hold back the grim reaper when it’s your time to go, most of us are more likely the victims of our genetics or our lifestyle habits. I used a Lifespan Calculator by Northwestern Mutual to determine my life expectancy, which would be the basis of my retirement plan . Starting with my age and    .. more …

Before you start using the mortgage calculator, you need to collect together all the information you will require. This includes your monthly income from all sources – salaries, interest payments on investments, etc. Then make a list of all your essential monthly outgoings – gas, electricity, insurance, credit card payments and payments on any other loans. If you have a car, work out how much it    .. more …

19th Annual RBC Homeownership Poll: Reasons for mortgage choice (CNW Group/RBC) More paying down principal, not worrying about rate increases in the short-term TORONTO , April 25, 2012 /CNW/ – Four-in-10 prospective homebuyers in Canada (42 per cent) plan to choose a fixed-rate mortgage, twice as many as those who intend to take out a variable-rate mortgage (21 per cent), according to the 19th    .. more …

LA JOLLA, Calif.–(BUSINESS WIRE)– ClosingCorp , a leading provider of residential real estate closing cost data and technologies for mortgage lenders , real estate professionals and consumers, announced today that it has partnered with Nebraska-based Mortech Inc ., a mortgage technology software company specializing in solutions for mortgage banking operations and secondary market teams.    .. more …

The Bank of Canada announced on Tuesday it’s going to leave the key interest rate at one per cent. No big surprise there. But the Bank was sounding more optimistic than it has been recently on the state of the Canadian economy–hinting that rates may start climbing soon. Now, governor Mark Carney has sounded hawkish before and then held off. As CIBC wrote in a note to clients: “It’s dj vu all    .. more …

This popular Excel template website offers users a large selection of calendar templates as well as tutorial reviews to help users choose the best spreadsheet-related products on the market. Scottsdale, AZ (PRWEB) April 20, 2012 Whether for business or personal use, the site offers plenty of useful and unique templates, including employee performance review forms, college GPA calculator    .. more …

Buying a home is most likely one of the biggest purchases you will ever make, not to mention one of the most stressful and emotional. To add to the pressure, the lingering tight credit market has banks beefing up their borrowing standards”and one misstep can cause a hard-earned deal to crumble.With interest rates staying near 4%, more individuals are looking to get a mortgage or refinance, but    .. more …