Posts tagged ‘mortgage advice’
Bank of Canada Confirms Ultra-Low Mortgage Rates Are Here to Stay
Monday Morning Interest Rate Update for September 14, 2020
Last week the Bank of Canada confirmed that ultra-low rates are going to be around for the foreseeable future. Today’s post explains.
Are We Headed for Too Much Inflation or Not Enough?
Monday Morning Interest Rate Update for August 31, 2020
There are starkly opposing views on whether we will soon have too much inflation or not enough. Today’s post summarizes both arguments and offers my take.
Don’t Appreciate the Mortgage Stress Test Yet? Give It Time
Monday Morning Interest Rate Update for August 24, 2020
The mortgage stress test hasn’t won any popularity contests thus far but appreciation for it may grow in the years ahead.
A Theory on Why CMHC President Evan Siddall Went Rogue Last Week
Monday Morning Interest Rate Update for August 17, 2020
In this week’s post I want to focus on a strange and controversial letter that CMHC’s outgoing President Evan Siddall sent to 100 lenders last week.
Why Our Record Employment Gains Aren’t Impacting Mortgage Rates
Monday Morning Interest Rate Update for July 13, 2020
Today’s post explains why our recent record employment growth hasn’t impacted our mortgage rates and likely won’t for some time yet.
The Must-Have Mortgage Toolkit for Every Home Buyer
Monday Morning Interest Rate Update for July 6, 2020
Today’s post offers links to posts and calculators that will benefit anyone who is actively looking to purchase a home.
Our New Canadian Mortgage Landscape?
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
The Slam Dunk Mortgage Option Right Now (and a Warning about HELOCs)
Monday Morning Interest Rate Update for April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today’s post explains why.
Mortgage Strategies for the Coronavirus Crisis
Monday Morning Interest Rate Update for March 23, 2020
Canadian mortgage rates surged higher last week, which surprised borrowers. In today’s post I explain why that happened and offer advice to four different groups of borrowers on how to navigate through the COVID-19 crisis.
Mortgage Basics: Term vs. Amortization
Last Updated on February 20th, 2020
If you are among the many mortgage borrowers who isn’t clear on the difference between mortgage term and mortgage amortization, here is a simple explanation to help clarify.
The Magic of Five Percent: A New Year’s Resolution Worth Keeping
Last Updated on July 9th, 2020
Here is a New Year’s resolution that will dramatically improve your financial fitness.
Mortgage Secrets from an Independent Mortgage Broker
Last Updated on February 27th, 2020
Independent mortgage brokers don’t just save you money, they give you access to a range of options you probably didn’t even know you had. Today’s post explains.
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.
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.
Refinancing Your Mortgage: Is Now a Good Time?
Last Updated on April 27th, 2020
Is now a good time to refinance your mortgage? Today’s post offers you three key steps to help you figure it out.
