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April 14, 2010

The Variable-rate Mortgage – Temptress to Us All

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 lost more vs. fixed when you bet wrong, than you on average would have saved vs. fixed when you bet right. So it’s the right call, except when it isn’t. And there’s the rub. I am an independent full-time mortgage broker and industry insider who helps Canadians from coast to coast. If you are purchasing, refinancing or renewing your mortgage, contact me or apply for a Mortgage Check-up to obtain the best available rates and terms.
April 12, 2010

The Ten-year Fixed-rate Mortgage: A Contrarian’s Point of View

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.
April 9, 2010

Readvanceables – How to Make Your Own Mortgage

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.
April 8, 2010

Why the Five-year Fixed-rate Mortgage is Overrated

While the majority of Canadians still choose the five-year fixed-rate mortgage, do they do it because it's the best product, or because it is more aggressively advertised? Today’s post explores whether the standard five-year fixed-rate mortgage is worthy of its top billing.