Posts tagged ‘mortgage advice’

  • The Best Mortgage Rate No One is Talking About

    Last Updated on November 9th, 2017

    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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  • The Mortgage Qualifying Rate (MQR)

    Last Updated on November 9th, 2017

    Borrowers are often surprised to learn that qualifying for a variable-rate mortgage is harder than qualifying for a fixed-rate mortgage, even though the variable rate is lower. To find out why, check out today’s post.

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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 November 9th, 2017

    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 November 9th, 2017

    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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  • 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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  • Winter Mortgage Market Update (2011)

    Last Updated on November 9th, 2017

    Today’s post is my quarterly update on the state of the mortgage market. It highlights the challenges being faced in the U.S., China and the EU, and assesses the implications for the Canadian economy, and most importantly, our interest rates.

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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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  • Budgeting for a Mortgage

    Last Updated on November 10th, 2017

    Budgeting is a lot like exercise. Everyone knows it’s good for you but most people procrastinate actually doing it. Today’s post outlines two ways to get on top of your finances: The Easy Way and The Hard Way.

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