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CMHC & Genworth News – Slight Premium Increase

CMHC & Genworth News – Slight Premium Increase

Short Version The latest CMHC news impacts new home buyers only – not current mortgage holders The increase takes effect May 1, 2014 The net impact to the average BC Family purchasing with a 5% down payment is a $5.75 per month payment increase. Based on the median BC...
Fixed Vs Variable – Consider Penalty Implications

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...
Your Mortgage Resolutions for a Happy New Year!

Your Mortgage Resolutions for a Happy New Year!

[vc_row][vc_column width=”1/1″] Happy New Year! A few thoughts around resolutions to address your existing Mortgage; Payment Frequency and Amount. Take charge of something that is within your control, the effective amortisation of your mortgage.  A change...