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News about Mortgages:
Mortgage lending growth drives Canadian banks' earnings - Financial TimesGlobe and MailMortgage lending growth drives Canadian banks' earningsFinancial TimesNone had a return on equity below 14 per cent. Bank of Nova Scotia, the last of the five to report, yesterday said net income grew by 17 per cent to C$988m ...Mortgages fuel Scotiabank earningsMontreal GazetteScotiabank reports strong revenue growth and first quarter earnings of $988 ...OptoIQ: Lasers for ManufacturingScotiabank profit rises 17 pct, tops expectationsInteractive Investorall 320 news articles »
New mortgage rules leave homebuyers confused - Montreal GazetteNew mortgage rules leave homebuyers confusedMontreal GazetteThe deal was initiated with a mortgage broker, with Bank of Nova Scotia providing the financing. "It's a three-bedroom bungalow. That was attractive to us. ...and more »
Canadian Bonds End Sharply Lower In Wake Of US Jobs Data - Wall Street JournalCanadian Bonds End Sharply Lower In Wake Of US Jobs DataWall Street JournalCanada Housing Trust could launch a five-year Canada Mortgage Bond in the next two weeks, if usual issuance patterns hold, he said. A report from Scotia ...and more »
Bond Mutual Fund Investments More Than Double: Canada Credit - BusinessWeekBond Mutual Fund Investments More Than Double: Canada CreditBusinessWeek“Income and thirst for yield is something that's driving investors,” said Neil Macdonald, a managing director at Bank of Nova Scotia in Toronto. ...and more »
Bank Of Montreal 1Q Net Up, Beats Forecasts - Wall Street JournalBank Of Montreal 1Q Net Up, Beats ForecastsWall Street JournalRoyal Bank of Canada (RY) and Toronto-Dominion Bank (TD) report Wednesday and Thursday, respectively, while Bank of Nova Scotia (BNS) is due to report next ...and more »
US HOT STOCKS: MBIA, Nutrisystem Active In Late Trading - Wall Street JournalUS HOT STOCKS: MBIA, Nutrisystem Active In Late TradingWall Street Journal... 475000 acres of timberlands in Nova Scotia for C$82.5 million to Northern Pulp Nova Scotia, through their affiliate, Northern Timber Nova Scotia. ...and more »
General Growth, White Birch, Madoff, GM: Bankruptcy - BusinessWeekGeneral Growth, White Birch, Madoff, GM: BankruptcyBusinessWeekNova Scotia-based White Birch didn't make interest payments due in September to its secured creditors. The companies had $667 million in sales during 2009, ...and more »
Canadian Bank Results Take the Gold - Wall Street JournalCanadian Bank Results Take the GoldWall Street Journal... as well as stronger consumer spending and continued mortgage growth in their domestic franchises. Bank of Nova Scotia, which reports next week, ...and more »
Home buying fever - Ottawa CitizenHome buying feverOttawa CitizenWhat's more, in an interview with Maclean's magazine, Scotia Capital economist Derek Holt said that as many as half of all new mortgages are either variable ...and more »
Regular reviews of your mortgage ensure your loan is still right for your ... - Winnipeg Free PressRegular reviews of your mortgage ensure your loan is still right for your ...Winnipeg Free PressFor example, Scotiabank would charge you the greater of three months' interest on the mortgage balance or the interest rate differential. ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
View all Terms