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Home Ownership, Mortgage Education, Mortgage News

Understanding Accelerated Payments

accelerated paymentsAn increasingly popular way Canadians choose to pay off mortgages before their amortization period expires is by making accelerated payments. Owning a home and paying off a mortgage takes the average Canadian household between 20-25 years.  However, a salary raise, job promotion, being prudent spenders, or an inheritance can help interested couples use their newfound capital to shorten that time. Read More…

Home Ownership, Mortgage Education, Mortgage News, selling home

Costs to Consider When Buying or Selling

costs to consider when buying or selling
Homebuyers and sellers are often simply looking forward to completing the transaction so they can move forward. But in making the transition, there are costs to consider when buying or selling real estate.  For those about to take on the process of buying or selling a home, it’s important to analyze the hidden costs involved. In this post, we’ll review a few of the costs you will face if you’re buying or selling a home this year. Read More…

Mortgage Education, Mortgage News

Bank of Canada: Spring Prime Rate Forecast

prime rate forecast

Forward to 2016 new year concept , asphalt road with arrow , date and beautiful sunset and sunshine

After cutting the lending rate twice in 2015 to encourage lending and boost Canada’s economic prospects. The decision by The Bank of Canada to hold their lending interest rate at .5% is an indicator of the future.  Read More…

Mortgage News

Variable Rate vs Fixed Rate That Will Put You Ahead

Variable Rate Vs Fixed Rate
The general consumer will be hard pressed when left to their own devices to shop on their own for their next mortgage, especially if they visit with one of the BIG banks. Typically, they will talk about their most popular and profitable product, the 5 year FIXED rate mortgage. If you don’t know to ask for anything different, that is what they will recommend for you. Read More…