Blog

The latest from the team at Patching Mortgage

General
Dan

What is Mortgage Insurance

What is Mortgage insurance? Mortgage default insurance protects lenders in the event a borrower ever stopped making payments and defaulted on their mortgage loan. It

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General
Dan

6 Home purchase closing costs

Congratulations, you’ve just finished the mortgage process, removed subjects, and are now preparing for your meeting with the Notary to complete your new purchase. This

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General
Dan

Is it all about rate?

Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one

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General
Dan

A Brief history of Interest rates

January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured

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