Posts from the ‘Product Commentary’ Category

  • Lenders use additional scrutiny when underwriting large mortgage loans, and most will apply a sliding scale on large conventional loans which limits the amount you can borrow. Today’s post details how sliding scales work, explains how you can avoid them altogether, and offers some other useful tips to anyone considering a mortgage of $750,000 or more.

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  • Mortgages for New Canadian Immigrants

    Last Updated on November 9th, 2017

    If you or someone you know is a new immigrant to Canada, you may be surprised at the attractive mortgage options that are available at competitive market rates. To learn more, check out today’s post.

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  • Line-of-credit loans and open variable-rate mortgages are tempting to borrowers because they can be paid off in full, at any time, with no penalty. Using current interest rates, today’s post puts the numbers to the test and compares the cost of open- vs. closed-term financing solutions. As you will see, the results are surprising and definitive.

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  • The Mortgage Deal of the Week

    Last Updated on November 10th, 2017

    Today’s post introduces a new feature on our website called “The Deal of the Week”, which highlights the best mortgage deal currently available. Our inaugural offer is one of the best to come along in a very long time.

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  • Reverse Mortgages

    Last Updated on November 10th, 2017

    Reverse mortgages are growing in popularity as an increasing number of baby boomers reach retirement age. While categorized as a mortgage, this type of loan has unique characteristics that make it quite different from other forms of traditional financing. Today’s post explains how reverse mortgages work and examines the strengths and weaknesses of this financing option.

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  • If the current heat wave has you thumbing through the cottage listings and yearning for an escape, then today’s post on financing for vacation properties and second homes will be of interest. We give you an overview of what lenders are looking for and offer some perspective on how they view these deals.

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  • Hybrids – The Safe Mortgage

    Last Updated on November 10th, 2017

    Are we headed for deflation or inflation? If it’s deflation, choose variable, but for runaway inflation, go fixed. Can’t decide which scenario is more likely when even the experts don’t agree? If you’d rather hedge your bets, consider my safe mortgage approach.

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  • The Variable-rate Mortgage – Temptress to Us All

    Last Updated on November 13th, 2017

    Ahh, the variable rate mortgage, temptress to us all. It offers you the lowest borrowing cost in exchange for the security of your locked-in rate. History shows that variable has been the right call for Canadians about 90% of the time, but for the other 10% of the time, history also shows you would have […]

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  • If we really are at the bottom of the current interest-rate cycle then borrowers need to start thinking differently about how they finance their mortgage debt. Locking in a good rate for as long as possible is well worth considering, and to that end, I offer a contrarian’s view of the ten-year fixed-rated mortgage.

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  • Readvanceables – How to Make Your Own Mortgage

    Last Updated on November 10th, 2017

    Do you want an off-the-shelf product or a customized mortgage that is designed to fit your specific profile? Many people aren’t aware that readvanceable mortgages offer you the flexibility to literally make your own mortgage. Check out today’s post to learn more.

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