Self-Employed in Canada? Here’s What You Need to Know About Mortgages Are you self-employed in Canada and thinking about buying a home? You’re not alone! The self-employed workforce has grown significantly in recent years, and many ...
Mortgage rates also move due to:Inflation: Generally, when inflation picks up, so do fixed interest rates. Supply and demand: When mortgage lenders have too much business, they raise rates to decrease demand. When business is light, they tend to cut rates to attract more customers. The ...
Your business plan is also useful. Lenders may want detailed financial projections like expected rental income, maintenance costs, and even your exit strategy. They might also look at the properties themselves—most require them to be in good condition and in markets with stable or growing real e...
We’ve also jabbed S&P for daring to downgrade Australia’s banking industry country risk assessment (BICRA) score, which it is now finally considering restoring to its previous position alongside Canada and Singapore, which is where Australia should be situated today. It should not,...
“Low interest rates were definitely one of the reasons for me to decide to buy my first home. I borrowed 47 million yen and I am on a 35-year repayment plan with an interest rate of 0.075%.” But despite such attractive rates, real estate agent Hidetaka Miyazaki says he ...
Some regulators regularly ask banks to estimate their losses under scenarios specified by the regulators, such as sharp rises in inflation and interest rates, or others. Some regulators set scenarios for stress testing on an ad hoc basis. These scenarios are mostly associated with some of the lat...