Lowest rate assumed. What I do not assume is …
Lowest mortgage rate assumed. What I do not assume about my clients is … I am often asked “what is the lowest rate you have available”? This is a difficult question to answer while ensuring you are also truly helping your client, without knowing more information. It is important to know what your client’s needs [...]
Bank Prime, Variable Rate Mortgages – No Change, but …
Bank Of Canada Meeting – Bank Prime Variable Rate Mortgages, No Change Yet – But Coming Soon Yesterday the Bank of Canada met and decided to leave their rate unchanged at its historic low level. They reiterated their plan to start raising rates by or before the end of the second quarter of 2010, conditional [...]
Mortgage Pre-Payment Privileges – How to really save on your mortgage
Pre-Payment Mortgage Privileges Mortgage pre-payment privileges is the term used to describe the options that are built into most, but not all mortgages. This feature allows you to “pre-pay” your mortgage in an amount over and above your regular monthly payment. BE CAREFUL when you see a discounted mortgage rate, these mortgages may have NO [...]
Mortgage Refinance – Basics
Mortgage Refinance Basics A mortgage refinance is the term used to describe the situation when you make a change to your mortgage (e.g. take equity out for investment or for renovations, cancel current mortgage to take advantage of lower interest rates at the time, etc.) prior to the renewal date (i.e. date your term ends). [...]
No Fee Mortgage Switch Or Transfer
Mortgage Switch or Mortgage Transfer A mortgage “switch” or “transfer” is when you move your mortgage from one financial institution to another at the end of your term. A mortgage switch or transfer can be set up and arranged well in advance so that it proceeds smoothly while also providing several benefits. Contact me to [...]