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Penalty Landmines in the ‘rate-war’

Penalty Landmines in the ‘rate-war’

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

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...
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...