Short Version Asking whether ones mortgage is portable or not is not the right (complete) question. Confirming that one is able to qualify to port their mortgage to a new property is the key question. Speak to your Broker in detail about your plans, and assume...
Full disclosure, there is a bias within the following words. I have tried for a few weeks to create more balance within this post, but in the face of effective interest rates of 53.38% (read on), it was exceedingly difficult to find significant strength in the...
This post is an edit of one of my first back in July 2012, which was re-visited again Nov 2013. This post contains links to various components which have been expanded upon further in separate posts. The message remains consistent. Q. Is today the right time to buy...
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...
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