Recent Posts in ‘Mortgages’
Canada Looks To Tighten Mortgage & Credit Lending Rules In 2012
Tweet This week there are two headlines grabbing the attention of mortgage brokers, bankers and borrowers in Canada. Both have far reaching implications in the mortgage industry and it may not be a fluke that both are making headlines in Canada at the same time. On the one side we have the government of Canada
Toronto Real Estate Housing Bubble
Tweet Playing soccer and talking about the Toronto real estate market and possible housing market bubble usually don’t mix. But anything is possible. Last month while I was in Punta Cana attending the 2012 Mortgage Centre’s Annual conference, Avery Shenfeld, Chief Economist of the CIBC, and I were deadlocked in a seriously competitive game of
Piggy Banks, GoMax & Mortgages
Tweet Any of Tridac – The Mortgage Centre’s clients know exactly what my connection to piggy banks is. If you’ve done business with us then you no doubt have received one of our cute little piggy banks as a ‘thank you’ gift after closing your mortgage. The significance of the piggy bank runs deep in
Mortgage Interest Rate Review January 19th 2012
Tweet Late last week while I was away in Punta Cana for the Mortgage Centre Annual conference lenders announced their newest fixed rate mortgages. Lenders are now offering 3.15% for a fixed 5 year rate mortgage which has again set a new low for fixed rate mortgages. Some borrowers might be surprised that the new
Reaction to BMO’s 2.99% Fixed 5 Year Mortgage
Tweet Yesterday Bank of Montreal announced a new fixed 5 year rate mortgage that has set a new all time low for mortgage rates in Canada. Is it the lowest rate? Yes. Is it the best mortgage? Maybe not. Watch the video below to learn why. Tweet
What Is A Cashback Mortgage?
Tweet Bank branches sometimes promote them and you may have come across paper and online ads for them. So what is a cashback mortgage, and more importantly, who should consider them? A cashback means that the lender will give you 5% of your mortgage amount back as cash. So, if you borrow $100,000 they will
Son Of A Broker Friday The 13th Facebook Contest
Tweet I’m happy to announce the Son Of A Broker Facebook Friday the 13th contest! Lets change your luck this coming Friday the 13th and give the traditionally unlucky day a new meaning. I’m running a contest giving away a $50 gift card to Oliver & Bonacini which
Good Bye 2011, Hello 2012
Tweet There’s seldom an occasion during which we can sit back and contemplate time gone by and time to come. Thank goodness we mark each calendar year with a definite beginning and end. This gives us a formal opportunity to reflect, reset and plan ahead. 2011 was another fantastic year at our brokerage Tridac Corporation
3.25% For A Fixed 5 Year Mortgage: A New Low
Tweet I stand corrected. Earlier this fall I mused on my blog that fixed rate mortgages had run their course and would hold steady or trend upwards gradually into 2012 and beyond. I thought that the period of ultra low fixed rate mortgage money was over and that banks wouldn’t pass on rate discounts to
