Re-posting and edited from a piece written for www.rew.ca Short Version; Yes, a certain lender or Broker may offer a rate .05% lower than another. But what is the true cost? The client may save $4.31 per month per 100K of Mortgage balance. ($250.20 over 5 years) but...
Short Version Purchasing a Property should be a calculated move, lacking in surprises. 1. Speak to you Mortgage Broker ask if you ‘Qualify to Port your mortgage’. It is not well known that although the mortgage may be ‘portable’ both the...
Good Debt vs. Bad Debt – Why the easy path is the wrong one. Lets face it the right thing to do, is almost always the hardest thing to do. i.e. saving money, eating right, adhering to the speed limit. Good debt. An oxymoron? Not at all. Good debt is debt used...
Spring has Sprung! Short Version There is no ‘mortgage rate-war’ Mortgage Rates are likely to remain flat or drop lower still. What will drive rates up? Good economic News. Maintain focus on the Variable Rate Product. 6 out of 10 CDN’s break their mortgages at...
[vc_row][vc_column width=”1/1″]Short Version Rates are trending downward, as they have nearly every Spring since 2009 to some extent. This trend is likely to stick around awhile. Should you rush to lock in long term? Likely No. Should you consult with an...
7ads6x98y
