Posts from the ‘Borrower Beware’ Category

  • The Americanization of Canadian Credit

    Last Updated on December 14th, 2018

    Today’s post highlights two new clauses to watch for in the standard mortgage charge terms being used by at least one Big Five bank. It is also a reminder of just how costly blind loyalty can be.

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  • How to Get the Lowest Interest Rate

    Last Updated on December 12th, 2018

    A newly released report by the Bank of Canada called “Discounting in Mortgage Markets” gives us some very useful insights into how much lenders are discounting their mortgage rates and for whom. Today’s post summarizes the report and offers my interpretation of the results.

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  • What’s in the Fine Print?

    Last Updated on November 10th, 2017

    The fine print in your mortgage contract can either cost or save you thousands of dollars. Today’s post outlines the terms in your contract to watch out for.

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