Should you Lock in your Variable Rate Mortgage today? Many of the top economists in Canada today are expecting the Bank of Canada to increase the prime rate up to 8 times over the course of the next calendar year. We at themortgagespecialist.com find is surprising...
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...
Mortgage Pre-Approval Are you thinking about buying a property? Wondering where you should start? A Mortgage Pre-Approval is a good place to start. An analogy that I heard that I think does a good job putting it into perspective. Would you go to a restaurant without...
Hi everyone, Aleem here with the Mortgage Specialist.com. In today’s Mortgage Minutes we’re going to go over the difference between the mortgage insurers. Now there are actually three insurers. There’s CMHC which is the term that most people use when referring...
