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Sunday, February 2nd, 2020

Vancouver Home Mortgages – Choosing Between 1 Year or 5 Year Fixed Rate – Consult with a Vancouver Mortgage Broker

Vancouver Home Mortgages – Choosing Between 1 Year or 5 Year Fixed Rate Lenders are motivated to push the 5 year fixed rate, and forecasters are predicting that rates for Vancouver home mortgages will rise in the spring of 2014. But, on the other hand these same forecasters have been doing that for 3 straight […]

For the cheapest mortgage, go variable – As a Vancouver Mortgage Broker

The smart money’s long infatuation with the variable-rate mortgage has ended, perhaps a little hastily. A lot of homeowners have saved a ton of money with variable-rate mortgages, where your borrowing cost floats with your lender’s prime lending rate. The prime rate is in turn guided by the Bank of Canada’s overnight rate, which was […]

The Ongoing Debate of Fixed Versus Variable Vancouver Home Mortgages

The Ongoing Debate of Fixed Versus Variable Vancouver Home Mortgages If you ever want to get a rowdy conversation going then all you have to is blurt out – ‘Which is better – fixed or variable rate mortgages?’ When it comes toVancouverhome mortgages, you will get a host of different opinions from even the pros. It’s […]

Vast majority now favour fixed-rate mortgages – Ask a Vancouver Mortgage Broker

While it looks like interest rates will remain low for some time, there has been a large swing from variable to fixed-rate mortgages over the past year, says a new report by the Canadian Association of Accredited Mortgage Professionals. CAAMP’s annual report on the state of the residential mortgage market, released Monday, suggests that 79 […]

First mortgage: Fixed or variable? – Ask a Vancouver Mortgage Broker

Your first mortgage is one of the most important financial decisions you’ll ever make. Bruce Sellery recommends running the numbers on various options before you make that big decision. I am a first time home buyer and need a mortgage. The house I’m going to buy will cost about $400,000 and I am putting 10% down. […]

Shorter mortgage is money in your pocket

CALGARY, AB – Now that the dust has settled a little on the new mortgage lending rules, it’s time to put them into perspective. This is not the first time mortgage amortizations have been limited to 25 years. Industry veterans know people still bought homes before the amortization rules were relaxed and their main goal was to […]

Today’s Fixed Rates Are Gifts

Be careful of looking the gift horse in the mouth. Last week saw multiple broker-channel lenders get more competitive on pricing. That pushed fixed rates down to fresh record lows, inspiring some brokers to advertise 5-year rates at 2.94-2.99% or less. Much of that discounting was thanks to lower bond yields (which generally lead fixed […]

One Year Fixed Rate Mortgage – Low Rate Mortage

Low Mortgage Rates on your Mind? Consider the One-Year Fixed Rate Mortgage In recent years we’ve heard quite a bit of talk from economists, banks and even Mr. Flaherty himself about the direction of mortgage rates; we were told they could only go up. But contrary to what market pundits were saying, mortgage rates fell even further. The […]

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