Before you cancel or walk away from a deal
Before you cancel or walk away from a deal I will highlight some situations and times when hopefully I may be able to help you with your mortgage financing when you are not getting the answer you would like with your current path. You may be getting told that “they” are having “issues” approving you [...]
Buying new construction? GST / HST calculation tool
Buying Brand New Construction? GST and HST Calculation and Comparison Tool If you are planning to buy a brand new property you are probably aware of HST and that it will apply to purchases that close after June 2010. However, if you are buying a brand new property and you can close before July 2010, [...]
Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. [...]
Mortgage Penalties For Variable Rate Closed Mortgages
Mortgage Penalties For Variable Rate Closed Mortgages When arranging a mortgage I recommend to be aware of much more than simply who will your mortgage be with and what interest rate are you receiving. Mortgage penalties is just one example of an important factor that should not be overlooked. For more information on mortgage penalties [...]
Have a Variable Rate Mortgage? Should You Be Following Fixed Rates?
Have a Variable Rate Mortgage? Should You Be Following Fixed Rates? People who choose a variable rate mortgage should be comfortable with some amount of fluctuation in their payment over time as banks will adjust their prime rate from time to time.Variable rate mortgages have been identified as offering costs savings over five-year fixed mortgages [...]