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...
Thinking of purchasing or leasing a new car? Some quick math for you. A $400.00 payment will reduce your total mortgage qualification by $100,000.00 Ouch. I will confess that I think about new cars for at least a moment or two daily, fast cars and I go back a few...
Whether choosing a 5 year fixed rate Mortgage, or having it chosen for you (a la OFSI guidelines) there are important ‘fine-print’ considerations around lender selection. Click here to read my guest post on the topic at www.rew.ca Thanks www.REW.ca!...
Amid a few more ‘sky is falling’ headlines it felt appropriate to inject some basic logic into the equation. Although I personally continue to foresee prolonged low interest rates, it is worth doing the math on what the cost of interest-rate hikes actually...
If you are retaining your residence as an investment property (rental) and moving on to your next home, there’s one very important first step. Before you do anything else, evaluate your current financing and look for opportunities to achieve the maximum leverage...
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