How badly would you be hurt in a housing market price correction? – Consult with a Vancouver Mortgage Broker

How badly would you be hurt in a housing market price correction? ROB CARRICK– The Globe and Mail A question for everyone who thinks houses are an investment: How much would a market decline hurt you? Help yourself be a smarter homeowner by using The Globe and Mail’s Housing Price Correction Calculator to find out. Housing bulls, don’t […]

Are bank online mortgage break-fee calculators reliable? Not always – Consult with a Vancouver Mortgage Broker

Are bank online mortgage break-fee calculators reliable? Not always ROBERT MCLISTER– Special to The Globe and Mail Getting a quote for the cost of breaking your mortgage early – and understanding it – hasn’t always been easy. That was supposed to change last year when the Finance Department compelled banks to put penalty calculators and guidelines […]

Practical Amortization Choices

Shorter amortizations can cost you less interest and help you pay off your mortgage sooner. If that’s a revelation to you, then here’s another story you’ll appreciate: Shorter mortgage is money in your pocket Since we’re pointing out the obvious, we should also note that making a bigger down payment and buying a cheaper house save […]