[vc_row][vc_column width=”1/1″]Upcoming changes to mortgage lending guidelines, the rules of borrowing, take effect Jan. 1, 2018 and while there’s been a fair bit of press coverage on this, there is also a fair bit of confusion. What is NOT...
[vc_row][vc_column width=”1/1″]What about this recent Bank of Canada interest rate increase? Short Version I am not locking in myself I am staying variable For a variety of reasons Long Version If your discount from Prime (now...
Short Version: The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving...
Basic Renewals Will the impending doom, er… changes, hurt homeowners simply renewing their mortgage with their current lender? No. If your life is easy, things are easy. Thus far the government has continued to leave renewals alone. And one can...
[vc_row][vc_column width=”1/1″] The case for variable has always been strong, although often a few misconceptions must be addressed to clarify why this is. Economic good news is what pushes interest rates up, not economic bad news. When’s the...
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