The below report discusses a recent report from TD that interest rates may not be going up the remainder of this year.  For those holding variable rate mortgage, it is a bit of good news.....however the reasons for keeping rates same aren't r ... [read full post]

Posted in Miscellaneous

Are you feeling overwhelmed with debt? Worried about how much you are spending on interest each month? Lowering the amount of debt you carry can significantly improve your credit profile, reduce the loan rates you could receive and save y ... [read full post]

Posted in Real-Estate Related

In the below article, PropertyWire.ca looks at the impact of the mortgage rules implemented by the federal government this spring....

A true measure of the impact of change is not to look at it from a scholarly level, but t ... [read full post]

Posted in Mortgage Related

The below article is from the PropertyWire website.  What would you choose?  It is a good discussion to have with your mortgage professional.  There are pros and cons for each choice, and it basically becomes a matter of ones' own p ... [read full post]

Posted in Mortgage Related

1. You can get a rate at least half a percentage point lower than your current rate. In the past, the rule was it wasn’t worth breaking your mortgage for a new one unless the new rate was at least two percentage points lower, but with mor ... [read full post]

Posted in Mortgage Related

I recently found this article citing an RBC poll about self-employment.

We have great programs for those of us who are self-employed and in need of a fair mortgage.  Not all banks and lenders have programs specifically suited to us wh ... [read full post]

Posted in Miscellaneous

With the Bank of Canada deciding not to change its rate this week, there is lots of speculation as to when rates will go up....how much and how quickly.  It also is causing debate as to whether rates should be going up, and why and why not... ... [read full post]

Posted in Mortgage Related