Mortgage brokers are slowly embracing AI tools like ChatGPT + MORE Jul 15th

There are a lot of decisions to make when it comes to renewing your mortgage, including whether or not to stick with your current lender. A mortgage renewal calculator can simplify the process and help you pick the best mortgage offer available to you at the time of renewal. 

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

The mortgage renewal calculator allows you to compare different mortgage offers, based on a specified mortgage amount and location plus the following variables: amortization period, interest rate and payment frequency. You can enter four sets of variables at once. (The tool also takes into account the size of your original down payment.) The calculator finds the best rates currently offered by a variety of lenders across Canada and shows you how much your regular mortgage payment would be…

Hello again, MSOTM readers. I’m back from an all-too-brief summer vacation, and I’m ready to zero in on where the markets are headed. A big thanks, as always, to Dale Roberts for pinch-hitting while I was away.

Canadian mortgage holders suffer another rate hike

The Bank of Canada (BoC) delivered another widely expected 0.25% interest rate hike on Wednesday. The last time interest rates were this high was April 2001. Beyoncé was still fronting Destiny’s Child and this year’s recent college graduates weren’t even born yet. 

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