Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre + MORE Aug 6th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.

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The latest in mortgage news: Half of borrowers concerned about mortgage renewals Apr 7th

Nearly half (47%) of Canadians buying or renewing a mortgage say they are concerned about qualifying for the amount they need..... More »

Rate Increases a Concern, but Many Borrowers Say They Can Handle It: RBC + MORE Mar 26th

Rising interest rates is a concern for most mortgage holders, though many feel "well-positioned" to deal with it..... More »

Mortgage renewal calculator + MORE Aug 18th

When it’s time to renew your mortgage, you can either stay with your current lender or shop around for a new one that offers a lower interest rate or different . Using a mortgage renewal calculator can help you pick the best mortgage offer available to you at the time of renewal. .... More »

Beware of “Friendly” Calls From Your Bank + MORE Jun 9th

For better or worse, Canadians have a lot of trust. In each other, in their government, in the places they eat, in the places they shop – and apparently in the places they bank. A 2020 survey found that seven out of 10 Canadians believe their banks have their best interest in mind when offerin.... More »

Why three big banks raised fixed mortgage rates despite falling bond yields + MORE Dec 3rd

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why..... More »

Fixed or Variable? Floating-Rate Mortgages Losing Their Lustre

– canadianmortgagetrends.com

It can be one of the most difficult choices for mortgage borrowers—fixed rate or variable? Thanks to historically low spreads between the two, that choice is becoming easier for many. “If you’re in the trenches shopping for a new mortgage, I’m going to tell you something I’ve rarely told anyone in 13 years in this business: Variable rates are a gamble that you don’t need to take,” RateSpy founder Rob McLister wrote recently in the Globe and Mail. “There’s little […]

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What’s a Travel agent got to do with a mortgage?

– canadamortgagenews.ca

Some years ago, I did a study on the benefits and disadvantages of online shopping. Sure, you can order food from your favourite restaurant, buy a new set of earbuds, book a hotel or flight… but can you get a mortgage online without speaking with your banker or mortgage broker?

Covid-19 has changed everyone’s world in some way. If you were out of the country or planning to go on a trip, you probably remember this well. I’ve seen stories of people being in Europe having to pay $7,000 for a return flight home or worse, not being able to return home because they couldn’t get a flight. How is this relevant to a mortgage? Well, I use a Travel agent. I tried shopping for a flight on my own many times to save some money until I realized that using a travel agent doesn’t cost me any more, but the added benefits were huge.
Had you been out of the country and you used a travel agent, you probably would have had an easier time getting a flight back. That’s right, a travel agent could have helped you, just as mine did with ALL her clients…

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