Moving Up, Sideways, and Downsizing – Ten Costs to Consider

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...

You have more power than you believe! Mortgage Renewal.

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...

Collateral Charge – What is this?

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...

Ask your Broker or your banker the following Question; Part 2.

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...

Fixed Vs Variable – Consider Penalty Implications

[vc_row][vc_column width=”1/1″]This would be a simpler topic if we were unemotional beings.  Spock would select variable rate every time.   Personally I have found that my life is Variable, therefore so is my mortgage product. Definitions; Fixed rate...