By Rubina Ahmed-Haq | Sun Apr 01 2012 | http://www.moneyville.ca If you’re buying a house and are shopping for a mortgage this spring you may come across something called a collateral mortgage. This home financing tool has been around for a while, but mainly in the background. Now it’s going mainstream with both TD Bank […]
Collateral Charge Mortgages
Collateral Mortgages. Good thing or bad?
In the news recently there’s been a lot of talk of how TD is now registering ALL their mortgages as collateral mortgages. Some say this is a good thing. I truly believe it’s not. This isn’t to say TD is the only one doing this. Most credit unions do, and any time you bundle your […]
It pays to check the fine print on low-rate mortgage offerings
Here’s an article I read that makes a lot of sense. It was a top news story last week. One of the major banks offered the lowest five-year fixed interest rate in Canadian history at 2.99 per cent. As a licensed mortgage agent, I had to quickly attain as much information as I could on […]