themortgagespecialist

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About Aleem

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So far Aleem has created 135 blog entries.

The problem with your “portable mortgage”

But they told me my mortgage was Portable One of the questions you should be asking when you obtain your mortgage is  " is my mortgage protable" The answer to this question most often is "yes" More and more however, this answer that you are getting - especially from your bank, is wrong The truth [...]

By | November 1st, 2017|Uncategorized|0 Comments

Two main Reasons Rates Will Not Hit 5%

The article in the link below is worth a read if you are concerned about interest rates. I personally agree with two of three points the author makes. #2....not so much, there definitely is some debate over this one.   In summary Inflation is virtually non-existent in today's marketplace The pain would NOT be catastrophic (As explained [...]

By | October 19th, 2017|Uncategorized|Comments Off on Two main Reasons Rates Will Not Hit 5%

What will doubling of interest rates do to your payment?

In the midst of a few more ‘sky is falling’ headlines it felt appropriate to inject some basic logic into the equation. Before panicking and making rash decisions, it is worth doing the math on what the cost of interest-rate hikes actually are. Does a doubling of the interest-rate double ones mortgage payment? Simply put, [...]

By | October 19th, 2017|Uncategorized|Comments Off on What will doubling of interest rates do to your payment?

The Recent Bank of Canada Rate Increase- one broker’s thoughts

\ What about this recent Bank of Canada Interest Rate Increase? If your discount from Prime -which is now now 3.20%- is 0.50% or deeper – then the variable rate product remains a really great place to be.   If your discount from Prime is 0.25% or less, then depending on which lender you are [...]

By | September 11th, 2017|Uncategorized|Comments Off on The Recent Bank of Canada Rate Increase- one broker’s thoughts

clarity- mortgage financing for purchase transactions

  A simple mortgage application This post will be of interest primarily to the First Time Home Buyer & newer Realtors.  Most Realtors will request that clients be pre-approved for financing before showing them properties, let alone writing offers. This is absolutely a realistic stance for a Realtor to take. Over the past few years [...]

By | August 21st, 2017|Uncategorized|Comments Off on clarity- mortgage financing for purchase transactions
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