Posts tagged ‘Videos’
Do you know why you are looking for the lowest mortgage interest rate? Because interest rate is the price of the money you borrow. And all things being equal you want the best price for any product or service you buy. Right now if you are shopping for a mortgage to buy a home, refinancing [...]
Do you want to get the best mortgage rate? Of course! But if you’re shopping for the best rate you’ve got to look at the macro events happening in the wider Canadian and global economies. When you understand the reasons why a fixed rate is priced you can make an informed decision with confidence.
Who doesn’t love a contest? Especially when the prize is $300 bucks. And the good people at ratehub invited me to participate in their Homebuyer Jeopardy contest. For details on the contest check out their Facebook page.
Since the announcement by Ottawa in late June, 2012 that it would make changes to the mortgage rules, I’ve been flooded with lots of questions. Part of my role as a mortgage broker is to help educate borrowers.
This morning another story appeared in the Globe & Mail about mortgage rates increasing. In this video I share some thoughts and insights for borrowers currently in the market. At the end of the day this upwards trend of fixed rate mortgages should be seen more as a return to more sustainable and realistic pricing. [...]
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 rates [...]
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.
The Bank of Canada met this morning for the last time in 2011 to make their interest rate announcement. As was widely expected the bank left the prime rate unchanged at 3.00%. If you have a variable rate mortgage or a line of credit your monthly payment won’t change. The bank reported that conditions in [...]
The number of Canadians carrying mortgage debt into their 70s was the hottest mortgage topic this week. A recent RBC poll showed that one-third (33 per cent) of older Canadians over the age of 55, have 16 or more years left on their mortgage term. This statistic makes me wonder if these older Canadians aren’t [...]