Posts tagged ‘mortgage advice’

  • 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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  • Home-equity lines-of-credit (HELOCs) and open variable-rate mortgages are tempting to borrowers because they can be paid off with no penalty. Are they worth it? 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 both 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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  • Do Higher Interest Rates Cause Lower House Prices?

    Last Updated on November 10th, 2017

    Most people believe that when interest rates go up, house prices will fall. I did too until I ran the numbers and discovered otherwise. Check out today’s post to learn more about why thirty years of data doesn’t support this widely held belief.

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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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  • Canadian Reverse Mortgages Explained

    Last Updated on December 10th, 2018

    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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  • Summer Mortgage Market Update (2010)

    Last Updated on November 10th, 2017

    Today’s post is my quarterly update on the state of the mortgage market. It focuses on how our central back will try to balance the strength of our domestic economy against increasing global economic uncertainty when making future interest-rate decisions.

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