Posts tagged ‘Christopher Molder’
Monday Mortgage Minute – May 31st
Tweet Toronto mortgage interest rates haven’t changed over the past 7 days. However tomorrow morning after the Bank of Canada makes their decision regarding the prime rate we could see some interesting movement in the fixed rate mortgage market. Stay tuned for more. Chris Molder – Son Of A Broker 2.85% – 1 Year Fixed [...]
Monday Mortgage Minute – Toronto Interest Rates May 24th
Tweet I didn’t manage to get this post up yesterday it was way too nice of a day! As explained in past videos, fixed rate mortgages are dependent on bond yields. Over the past 2 weeks the yields have suffered as a result of the economic turmoil in Europe caused by the Greek crisis. Even [...]
Monday Mortgage Interest Rate Minute May 10th
Tweet 2.65% – 1 Year Fixed 3.85% – 3 Year Fixed 4.35% – 5 Year Fixed 3.25% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.40 3 Year Variable P-.50 5 Year Variable NOTE: Rates are subject to change without warning at the lender’s discretion. Tweet
How To Qualify For a Variable Rate Mortgage
Tweet On April 19th 2010 new mortgage rules came into effect which have made it a little bit more challenging to qualify for a variable rate mortgage. Traditionally lenders qualified your maximum mortgage amount based on their current 3 year fixed rate. However, today it is a little bit more complicated and this post will [...]
New Merix Fixed 5 year with 90 Day Ratehold
Tweet The problems over seas in Europe are already hitting close to home as bond yields have dipped for the last couple of days indicating that investor confidence is shaken. This bodes well for borrowers looking to get into fixed rate mortgages as there may be a reversal to the sharp steady increases to fixed [...]
Monday Mortgage Minute May 3rd 2010
Tweet Mortgage interest rates continue to climb for the 4th week in a row. There is a lot of discussion between observers and economists who think that the banks are prematurely driving rates up as highlighted in Rob Carrick’s Globe & Mail article, “Are Big Banks Jumping the Gun?”. With each passing week the variable [...]
What is CMHC Mortgage Insurance Good For?
Tweet I have observed recently that both first time home buyers and seasoned owners alike struggle to understand CMHC insurance. From a borrower’s perspective the insurance premium paid up front for the benefit of a mortgage lender seems heavy handed and unfair. However, without CMHC you wouldn’t be able to buy or refinance your homes [...]
Toronto Monday Mortgage Minute April 26th 2010
Tweet After a very quick increase to fixed rate mortgages over the past 2 weeks mortgage lenders have started to compete for the new fixed 5 year. The standard rate is 4.59% however some lenders have introduced their quickclose rate at 4.39%. The dilemma of deciding to go fixed over variable is on every borrower’s [...]
Four Years. Go.
Tweet This past weekend the Mortgage Broker (Arnold Molder) took his son (Christopher Molder) to Boston to attend The Global Sufficiency Summit. It was truly an eye opening and unforgettable experience which I will be blogging and talking more about over the coming weeks and months. There is so much that we would like to [...]
