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This week’s Personal Column – 29 January 2016

Welcome to this week’s Personal Column…

Pass it onto your clients

Would you like to keep your client bank updated with all of this week’s news? 1,807 more words

Personal Touch Financial Services

Record Savings Levels! Canadians? I thought we had Record personal debt?

Wait a minute..  Record savings?  Yup, that’s right..  Canadians are sitting on more cash than ever before.   A record $75billion, according to a study published today by CIBC economists Ben Tal and Royce Mendes.     492 more words

Mortgage News

New Look for HomesIcanBuy.com Website that Searches for Homes.

Townstone Financial has introduce a new look to www.homesicanbuy.com website.  In conjunction with Castline Properties in Chicago, the new look website is an excellent tool to begin you home search.  75 more words

Real Estate

One Time Close...It's BACK!

There hasn’t been a decent retail construction loan product since the collapse in mortgage banking back in 2008.  Consumers have been left to their own devices and local community banks to fund any home renovations or ground up construction projects. 162 more words

Real Estate Advice

TRID...Closing Times on the Rise

After it jumped up by three full days in November the average time to close a first mortgage loan stabilized in December at 49 days. The November increase had been attributed to unfamiliarity with the new Truth in Lending Disclosure Rule (TRID) which went into effect for loans for which applications were received after October 3. 355 more words

Real Estate Advice

This week’s Personal Column – 22 January 2016

Welcome to this week’s Personal Column…

Pass it onto your clients

Would you like to keep your client bank updated with all of this week’s news? 4,452 more words

Personal Touch Financial Services

What Does Ability To Repay Mean?

What Does Ability To Repay Mean? Find more on: Moreira Team Mortgages Blog

What are the “Ability to repay” rules about?

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In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. 113 more words

Mortgage News