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Mortgage Traps

Don’t get swamped   3 Mortgage traps, mortgage pitfalls, mortgage problems and how to avoid them The mortgage trap: Panicking and accepting a high mortgage rate. Be wary of banks that offer you an extremely low initial rate with a significant increase a year later. For a first time home buyer in Canada, the complexities [...]

By | March 26th, 2015|First Time Home Purchase, Mortgage News, Mortgage Purchase Advice|Comments Off on Mortgage Traps

Canada Mortgage Rates- a Handy Guide to cibc mortgage rates

The Rate Tango: Canada Mortgage Rates Variable vs Cibc Mortgage Rates Fixed Become an expert on Canadian Mortgage Rates with our Handy Guide. At the time of this writing the prime rate is 2.85%, and many first time home buyers are wondering whether they should take advantage of this low rate or if they should [...]

By | March 9th, 2015|First Time Home Purchase, Monthly Commentary, Mortgage Minutes, Mortgage News, Mortgage Purchase Advice, Mortgage Tips And Advice|Comments Off on Canada Mortgage Rates- a Handy Guide to cibc mortgage rates

Bank of Canada Rate Announcement

Bank of Canada Announcement and Banks Announcing Mortgage Rate Drops is merely coincidence Mortgage Rate Drops, independent of the bank of canada announcement, are expected in the near future due to spring market price wars. You have most certainly by now heard that about the Bank of Canada's Announcement a couple of Wednesdays ago regarding [...]

Canadian Mortgage Rates- How they are influenced by the U.S

 In the midst of the financial crisis, America's equivalent of our central bank – the Federal Reserve- opted to lower its short-term overnight interest rates down to zero.Things did not stop there. The goal all along was to lower longer term interest rates, which are market driven and not directly influenced by the central bank. [...]

By | January 23rd, 2014|Mortgage News|Comments Off on Canadian Mortgage Rates- How they are influenced by the U.S

Did Buyers In August Overpay Just To Get a Low Rate?

In my previous post we looked at the age old question that many "on the fence" buyers have been asking...well....ever since I've been in the business. Should I Buy Now, Or Buy Later? I came across this article published in the Globe and Mail which I thought did a great job of explaining the phenomenon [...]

By | September 24th, 2013|Mortgage News|Comments Off on Did Buyers In August Overpay Just To Get a Low Rate?
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