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Variable Rate? To Lock In Or Not?

Variable Rate? To Lock In Or Not?

To Lock In or Not? This video applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. But what about all the economists saying if you are currently in a variable rate mortgage then...
Are you in a Variable Rate Mortgage? Me too.

Are you in a Variable Rate Mortgage? Me too.

Are You in a Variable-Rate Mortgage? Me Too. If you’re in a fixed-rate mortgage, this news has no impact on you. Mind you, ‘impact’ is too strong a word for the subtle shift that occurred Jan 17, 2018.   Short Version The math is as follows: A payment increase of...
Different Times, Different Mortgages.

Different Times, Different Mortgages.

Different times call for different mortgages. My current recommendation for (specifically qualified) buyers is often a two-year fixed. This is what ~70 per cent of my clients are already in at the moment, if not a variable. It boils down to rate and flexibility. Why...
Annual State of the Residential Mortgage Market in Canada 2013

Annual State of the Residential Mortgage Market in Canada 2013

 Annual State of the Residential Mortgage Market in Canada November 2013 Following are highlights from the 2013 CAAMP report. A copy of the full report is available to download at www.caamp.org  For homes purchased in 2013, 82 per cent had fixed rate mortgages....