I’ve ran in to a couple people in the past few weeks that have taken cash back mortgages. Particularly with one bank who is promoting them heavily. You have to be very leery of them as they may not work out as you thought. Remember, this money is not ‘free’ money. They make it up […]
Why It's Important to Talk to A Mortgage Broker
Newspaper article that’s not so true
I was reading the 24hrs news paper today and came across this article in terms of what a variable mortgage product is. Where it’s some what true it doesn’t sit well with me as they are telling the public that this is the only option. Well it is the only option, with this one bank […]
Self Employed? Prepare for a long conversation!
This is a good article that should be shared Courtesy of the Financial Post: If you’re self-employed and about to apply for a mortgage, be prepared for some serious form-filling. Getting financing isn’t as easy as it used to be, say mortgage brokers — and for the 15% of Canadians who earn money for themselves […]
Why your mortgage term matters
Choosing the mortgage term that’s right for you can be a challenging proposition for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is best […]
Current market trends
Current market : Well it looks like the low fixed rates are gone and maybe gone for good. The bond yields keep going up and up, which means the lenders fixed rates follow. Generally there is a gap of about 1.5-1.6% between the current five year yield and pricing in fixed rates. I usually have […]