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Market Update – May 2015

Market Update – May 2015

[vc_row][vc_column width=”1/1″]Market Update The past month has found me a tad too busy writing mortgages to be writing Blog posts.  That said I look forward to laying down some mathematics and opinions again soon. For now I provide some Market data....
 Interest Rates: Pundits, Predictions and Sharknado

 Interest Rates: Pundits, Predictions and Sharknado

Short Version Watch Sharknadoas it is a better use of your time than reading inflammatory predictions. Mortgage rates actually dipped lower this week. For a BC resident with the provincial average variable-rate mortgage balance of $300,000.00 a 0.25% hike in interest...

Happy New Year!

This was emailed out on New Years Eve to all my current clients directly. I am posting it now in order to have an easier access record of predictions to review. Happy New Year! I have always subscribed internally to ‘The 1% Difference’. The theory being...
82 Years Old with a 30 year Amortisation?

82 Years Old with a 30 year Amortisation?

Can an 82-year-old take out a new mortgage with a 30-year, or even a 35-year amortisation? Strictly speaking, YES. In fact, in 2009 my then 82-year-old client did just that in order to invest the capital. With the net profits between the 2.25% mortgage rate enjoyed...