Should mortgage shoppers choose the 1 or 5-year fixed rate? – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail Mortgage rate predictions are as often wrong as they are right. Yet, many mortgage shoppers believe that these forecasts give them an edge. Unfortunately, rate expectations sometimes prevent people from picking the lowest-cost mortgage. For instance, those who believe rates can only rise could ignore shorter terms. It […]

Not asking this mortgage question could cost you thousands – Ask a Vancouver Mortgage Broker

 DIANNE NICE – The Globe and Mail Want a mortgage rate lower than those advertised by lenders? Ask and you shall receive.   In a Globe and Mail survey of more than 300 mortgage holders, 82 per cent said they were able to get a rate better than the lender’s official posted number when they last negotiated their […]

Should you take advantage of the low mortgage rates? Ask a Vancouver Mortgage Broker

Should you take advantage of the low mortgage rates? Earlier this month, the Bank of Montreal introduced a temptingly low interest rate of 2.99 percent. But considering the unstable market, should you really buy at this time? As we head into the spring real estate market, many Canadians are sitting on the sidelines instead of […]

Spring Mortgage Wars for Vancouver Home Mortgages? – Consult with a Vancouver Mortgage Broker

Spring Mortgage Wars for Vancouver Home Mortgages? That’s the big question that many people in the mortgage business are asking themselves these days. There is no doubt that mortgage lending has slowed somewhat because of the recent rule changes made by the Feds in the mortgage industry. So, what’s in store for Vancouver home mortgages […]

Young families looking to lock in long-term – Consult with your Vancouver Mortgage Broker

  By Donald Horne Brokers, it may be time to check in with those young clients you helped into a condo five years ago. Dollars to donuts, they’re now looking for houses and the kind of long-term mortgage that spells big bucks for brokers “They are telling me they want a 5-, 7- or even 10-year […]

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 […]

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker Back in the old days, most people had planned to pay off their mortgage before they retired. Times have definitely changed and if anything the reverse seems true in today’s climate. The baby boomers could be facing some rough waters ahead […]

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. […]

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