Mortgage Career of the Week + MORE May 23rd

Your mortgage is probably the biggest financial commitment you’ll ever make – so why pay more than you need to? RateSupermarket.ca has crunched the numbers and come up with three easy steps to pay less monthly, save thousands in interest AND shave up to three years off your amortization.
Step 1: Compare Mortgage Rates
Potential Savings = $137,640.04
Comparing rates is likely one of the easiest and most effective ways to save thousands of dollars on your mortgage. In fact, the average Canadian could be saving over $130,000 over the course of their mortgage – just by shopping around!
RateSupermarket.ca calculated these potential savings based on the average posted bank rate (5.70%) versus the average lowest rate on RateSupermarket.ca (2.92%). Using the average Canadian mortgage amount of $378,000 (according to the CMHC), we found that Canadians would save $459 in monthly payments by switching to the lower rate – and this adds up! Over the course of a 25 year amortization period, that’s a total of $11,475…

Company: IC Funding Position Title: Commercial Real Estate Analyst Years of Experience Required: NA Licences or Registrations Required: Achievement of your Mortgage Agent’s licence within 6 months of starting Locations…

By Dustan Woodhouse, Special to CMT Despite industry hype surrounding rate discounter websites, the reality is that most mortgage clients still embrace a higher level of service, if it’s priced…

When it comes to products and services, bundling seems to be the latest craze.
Take, for example, that Rogers has been poking me every few days  to let me know that I can tack a magazine subscription onto my already mile-high phone bill or take advantage of some cable savings with my pre-existing Rogers account because, you know, cable isn’t dying a slow death at the hands of online streaming services.
But banking bundles seem to be the latest trend – a bid to foster loyalty in a time when the convenience of Internet banking is making many customers agnostic to where they put their mortgage or who holds their savings.
You’ve got to commend them on it. It’s a smart move from a marketing perspective.
Big Money Promises
After all, many bundles promise to hack fees by up to 50 per cent, an enticing party line especially when it comes to the added convenience of all-in-one style banking. But cutting their own fees by 50 per cent doesn’t necessarily translate into every financial service and product being the lowest option possible for you…