The (quietly) raging battle behind the scenes over your Mortgage Renewal – things to know & understand. As you approach your mortgage renewal date, there is often a letter or a call from your current lender that arrives up to 6 months in advance of the...
Good Debt vs. Bad Debt – Why the easy path is the wrong one. Lets face it the right thing to do, is almost always the hardest thing to do. i.e. saving money, eating right, adhering to the speed limit. Good debt. An oxymoron? Not at all. Good debt is debt used...
Collateral charge mortgage – What is this? Short Version This is a method of registering your mortgage currently used by nearly every Chartered Bank & Credit Union at this time. You are unlikely to avoid it with either of these two types of lenders, nor...
Spring has Sprung! Short Version There is no ‘mortgage rate-war’ Mortgage Rates are likely to remain flat or drop lower still. What will drive rates up? Good economic News. Maintain focus on the Variable Rate Product. 6 out of 10 CDN’s break their mortgages at...
What have you done with your INVESTMENT property mortgage and why? This is another question which I encourage clients to ask or their Mortgage Broker or their banker. Short Version An open and questioning mind may lead one to mortgage products which result in savings...
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