As we continue to see new rules introduced, let’s look at how the qualifying rate comes into play with your mortgage qualifying numbers.
A brief look at the difference a year can make with regards to mortgage interest rates, economic instability and a pandemic.
Let’s have a look at some good news during these challenging times. Mortgage news with a positive twist!
The mortgage renewal rate you qualify for varies depending on the mortgage you have. We’ll explain insured, insurable, and uninsured mortgages and the differences and rates available to you at mortgage renewal time.
In this post we discuss why you should care about what is going on at the Bank of Canada, and how it might relate to your search to buy a home.
What does “prime rate” even mean? In this post, we define “prime rate” in Canada and talk about what that means for home buyers.
Let’s talk about the difference between a fixed and a variable rate, and what is the best choice for you.
What is a blended rate? And how is it different than a fixed or variable rate? In this post, we talk about the differences.
WHAT’S THAT? VARIABLE RATE? An adjustable rate may be right for you. Last time around we talked about fixed interest rates. In our simple example we borrowed $100 for a year, and paid 4.0% interest (or $4) to do so. The total amount owing after 12 months was $104. Variable rate mortgages on the other…
What does “fixed rate” mean? In this post, we talk about what this might mean to a home buyer