Monthly Archives: April 2015

Variable Rate vs. Fixed Rate: the Great Mortgage Debate

Home owners have been able to take advantage of historically low mortgage rates for the past several years. Whether they are buying a home or making a decision to refinance a mortgage, the question about choosing a variable rate vs. fixed rate mortgage always comes up. To determine which one is best for you, consider … Read More

Is The Bank Of Canada’s .75% Interest Rate Something You Should Pass Up?

When the Bank of Canada (BoC) reduced its key interest rate by 25 basis points to 0.75 percent, it certainly was a bold move that made a lot of people sit up and take notice. At first, consumers were waiting hopefully for Canada’s Big Banks to drop their prime rates by the full quarter point … Read More

How Does Refinancing Work?

Refinancing is the process where a homeowner arranges to have the existing mortgage on the house (as well as any other legal claims against the property) paid off and replaces the mortgage with a new one. There are several reasons why you may want to consider taking this step, such as: Taking advantage of lower … Read More

What EVERY Mortgage Calculator Should Be Telling You

A simple mortgage calculator can tell you how much your mortgage payment will be at different interest rates at the term you select. You can even find out how much your payment will be if you decide to pay your mortgage monthly, semi-monthly, bi-weekly, weekly or make accelerated bi-weekly or weekly payments. Your mortgage calculator … Read More