In a tight credit environment, it's not uncommon to find that the developer of your dream home is unable to finance the construction. Rather than have the deal fall apart, it is often possible to re-structure the deal as lot sale & building contract, where the buyer finances the project with a construction mortgage. Many people are unclear as to how construction mortgages work, and this installment of my Mortgage Musings sets out to de-mystify them.

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In this month's installment of Mortgage Musings, I explain Tax Deductible Mortgages for Canadians. While our American neighbors have the luxury of being able to deduct the interest from their mortgages, Canadians are forced to jump through some hoops in order to do the same for their primary residence. This article provides a straightforward explanation of how tax deductible mortgage plans work, and how you can find out more about making your mortgage payments tax deductible.

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Historically speaking, variable rate mortgages have cost borrowers significantly less interest than their fixed rate alternatives. However, cost shouldn't be the only consideration. This article looks at some of the things that should be factored into the decision, and provides some particularly useful insights to those in the real-estate business.

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It is fairly widely understood that fixed rate mortgages have historically cost more than variable rate alternatives. However, with many people anticipating a rise in interest rates in the next year, one can't help but wonder if the next five years will be different. This begs the question: how much would variable rates have to rise in order to make a fixed rate payer better off?

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