Posts from the ‘Opinion’ Category

  • Is Your Mortgage Lender About To Go Bust?

    Monday Morning Interest Rate Update for May 1, 2017

    As last week’s debacle at Home Capital Group was unfolding several of my clients who had borrowed from other non Big-Five bank lenders called me to ask if their lender was now in danger of going bust and wondering what, if anything, they should do. In today’s post I’ll provide a summary of the clear message I gave to them, and include my take on five key questions relating to last week’s events.

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  • Yesterday our federal Finance Minister Bill Morneau announced a series of changes to the rules used to underwrite insured mortgages. There is a lot to unpack so I’ll do it in three installments: Part One will focus on the change that will take place on October 17, Part Two will cover the changes that will take place on November 30, and Part Three will offer my take on the longer-term impacts that these changes will have on Canadian borrowers and our housing markets across Canada.

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  • The Best Mortgage Product No One is Talking About

    Last Updated on December 14th, 2018

    Conservative borrowers who prefer fixed rates almost always choose a five-year term. In today’s environment, I think there’s a much better deal to be had, even if no one is talking about it. In today’s post, I make my case.

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  • Refinancing Your Mortgage: Is Now a Good Time?

    Last Updated on November 9th, 2017

    Is now a good time to refinance your mortgage? Today’s post offers you a step-by-step process for answering this question and includes some useful tips on how to reduce your payout penalty and pay off your refinanced mortgage faster.

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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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  • Mortgage Advice for Couples Planning a Divorce

    Last Updated on September 18th, 2018

    For anyone planning a divorce, today’s post can help save money and reduce hassle during this difficult time. I offer some general tips and give specific guidance for people who are looking to buy out their ex-spouse’s share of the matrimonial home.

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