Short Version Watch Sharknadoas it is a better use of your time than reading inflammatory predictions. Mortgage rates actually dipped lower this week. For a BC resident with the provincial average variable-rate mortgage balance of $300,000.00 a 0.25% hike in interest...
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...
If you are considering an Open Mortgage or are currently carrying a significant balance on a secured line of credit this post will be of value to you. Interest only payments are great from a cash-flow perspective, but perhaps there is more to consider, read on. Short...
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...
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