Recent Posts in ‘Mortgages’
Syndicate Mortgages & Fortress Real Capital
I was recently quoted in a feature article in the mortgage industry leading publication; Canadian Mortgage Professionals Magazine. It’s always nice to get recognition from the news makers in the mortgage industry and I like to share these small successes with my readers. The article is about Syndicate Mortgage Investments. Syndicate what and what you
Impact of CMHC Tightening Being Felt on The Danforth
The retail mortgage transaction as you and I know it is just a tiny part of the trillion dollar Canadian mortgage industry. While we are focused on the everyday mechanics of mortgage financing i.e. down payment, proof of employment, bi-weekly vs. monthly payments etc the main show is happening behind the scenes on your mortgage
Bank of Canada Leaves Prime Rate Unchanged
For the 13th consecutive time there is no change to report regarding the Bank of Canada’s prime rate. This came as no surprise to economists and observers but of note was the rosier picture being painted of the Canadian economy. In the last paragraph of their press release the BoC indicated that the time for
10 Year Fixed Rate Mortgage or 5 Year Fixed Rate Mortgage
Should You Take A 5 Year Fixed Or A 10 Year Fixed Rate Mortgage? Mortgage borrowers hava lots of choice when it comes to the term of their mortgage. Here in Canada, the most popular option is the 5 year term. The hard part was deciding between fixed vs. variable. But with variable rate mortgages
38 Highlights From 2012′s Federal Budget
The 2012 Federal Budget announced yesterday evening seems very appropriate for the times. As of late we are constantly being reminded to live within our means by the government and I think the 2012 Budget shows that the Conservatives are putting their money where their mouth is. No pun intended. The Federal Government is committing
Canadian Real Estate Market: Balloon or Bubble?
I’ve been having a lot of conversations lately with clients and colleagues about the stability of the Canadian real estate market and the fear of a crash. The Canadian media has latched on to the subject and on a daily basis is pumping out sensational news stories of doom and gloom for Canadian real estate.
3 Ways To Invest In Mortgages
With another RRSP season deadline just behind us, a lot of us are probably still thinking about investments. And what better time to have a look at new investment opportunities. Specifically, I’m talking about investing in mortgages. Chances are you don’t give mortgage investing much thought but the truth is most of us have an
New Variable Rate Mortgage: P-.15
Looking for the best variable rate mortgage in the market right now? My lending partners over at Merix Financial have introduced a new market leading 5 year variable rate mortgage priced at prime minus 0.15% (2.85%) . For months the variable vs. fixed conversation was dead. With fixed rate mortgages being priced equal to variable
The Best Mortgage Lenders In Canada
I’m often asked “who are the best mortgage lenders in Canada?” Great question! After all, if you’re going to be paying a mortgage lender every month for a very long time you want to partner with a lender worthy of your business. And if you’re thinking ahead, you want to team up with a lender