Pre-approvals, more important and less concrete than ever Short Version A mortgage pre-approval is little more than a ratehold. A second alternate credit report can be accessed by the lender/insurer and its contents devastating. A mortgage pre-approval is not fully...
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...
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...
7ads6x98y
