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 […]

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 […]

Now is the time to invest in property for your business: BMO

Garry Marr |   Low interest rates, low vacancy rates and tight supply are a cue to look at buying a building for your business, according to the Bank of Montreal. “Now may be a particularly good time for businesses to invest in commercial property for their own use,” said Steve Murphy, senior vice-president of commercial […]

Mortgage Platform Down

Mortgage Platform Causes Problems for Vancouver Home Mortgages For several days last week, there was no way for thousands of brokers to send applications to lenders. This affected brokers across Canada including those dealing in Vancouver home mortgages. This resulted because the mortgage industry’s largest mortgage origination platform temporarily went down; the platform is called, “Expert”. This […]

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