Recent Posts in ‘Mortgages’
“Hey! I know that guy!” is a common reaction I got from clients and friends when episode #9 of Money Moron aires on Slice Network. I get my 60 seconds of fame as a mortgage broker on prime time t.v. offering advice and a reality check to a young couple struggling to wrap their head
So you want to pay the least interest as possible on your mortgage? I don’t blame you. When banks announce their quarterly profit reports in the billions of dollars it’s enough to make your blood boil.
For years I’ve opted to neglect my professional accreditation. However after my experience at this year’s Hall of Fame Dinner I am inspired to change my mind. Check out my post to learn why I’ve had a change of heart and will include AMP Accredited Mortgage Professional after my name.
Small is the new big when it comes to up and coming condo developments in the city of Toronto. In an effort to maximize density and keep real estate affordable for an ever more expensive market, builders are designing smaller and smaller units.
Imagine paying off all your mortgage debt in five years. It’s possible. Deacon Hayes of wellkeptwallet.com is making it a reality, he and his wife are on track to do just that.
Chances are you’re probably not getting the best mortgage advice. Banks and many mortgage professionals are busy competing on just the lowest rate. But fail you when it comes to showing you how to reduce your mortgage debt more quickly and save you money on unnecessary interest payments.
I was recently contacted by The Toronto Star business reporter Susan Pigg to provide some insight into what I am observing in the Toronto condo market. The most current numbers released by TREB indicate that Toronto real estate sales volume was up 21% and along with prices up 5.5% summer 2013.
Who’s that guy in the unfortunate freeze frame you may ask? That’s me Chris Molder. Mortgage broker and blogger on www.sonofabroker.com. I was deemed cool enough to be invited to present one of the Mortgage Math videos for Ratehub.ca’s video series.
Variable rate mortgages have historically been the better mortgage option for borrowers in Canada over the past 50 years and yet a little more than a quarter of mortgage borrowers in Canada choose a variable rate mortgage over a fixed rate mortgage. Why is that?