Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Some banks rethinking strategy on home mortgage competition + MORE Sep 7th
Some Canadian banks say they're starting to question how aggressively they go after mortgage customers amid intense competition..... More »
The Hardest Part About Burning Your Mortgage + MORE Mar 16th
Similar to a sweet dream, paying off a mortgage loan valued at hundreds of thousands of dollars is a goal that sometimes seems so out of reach.
But it is possible.
A little over a year ago, I paid off a 30-year mortgage on a home I had bought only three years earlier. I now live mortgage-free in To.... More »
Opinion: Think twice before handing your mortgage to a bank adviser + MORE Oct 7th
Every now and then, something happens in this business that really drives home an important lesson, and this time, it’s about how trusting the wrong person with your mortgage file can cost you a great deal..... More »
Royal Bank backs off on fee change for payments + MORE May 22nd
(Roberto Machado Noa/Getty Images)
TORONTO – The Royal Bank is backing off on its plan to charge customers a fee to make credit card, loan and mortgage payments under certain circumstances.
The big bank (TSX:RY) says it has listened to client feedback and reversed its original decision to include .... More »
Making sense of the markets this week: July 14, 2024 Jul 14th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Are U.S. rate cuts on the way?
While Canada’s inflation rate is obviously at the forefront around decision making.... More »
Dominion Lending Centres Canada – 5 year Closed : 2.94% (0.05%)
– ratesupermarket.ca
Dominion Lending Centres Canada 5 year Closed mortgage rate was changed on June 12, 2013
Home Trust Company – 6 months Closed : 3.95% (0.46%)
– ratesupermarket.ca
Home Trust Company 6 months Closed mortgage rate was changed on June 12, 2013
Can this couple retire early?
– moneysense.ca
The current situationBao Lam, a 43-year-old certified financial planner in Waterloo, Ont., believes in second opinions. He asked MoneySense for our thoughts on whether he’s on track to leave his high-paying—but stressful—job at age 47. That’s when he hopes to sell his business for $900,000 and invest that money until his retirement at 65. Bao’s 39-year-old wife Jeannette, who is currently his assistant, would stop working. “Doctors need a second opinion about their own health,” says Lam. “It’s no different with financial advisers.”
The Lams, who have a teenage son, have assets including a $325,000 home and $222,000 in registered and non-registered investments. They will be cashing in Jeannette’s $27,000 GIC and putting it towards their $118,000 line of credit later this year. The couple, who gross $180,000 per year, hope to have all their debts (including a $128,000 mortgage), paid off before retiring.
When they sell their business, the Lams will receive $90,000 gross per year for 10 years, with payments made monthly…
Dominion Lending Centres Canada – 4 year Closed : 2.94% (0.05%)
– ratesupermarket.ca
Dominion Lending Centres Canada 4 year Closed mortgage rate was changed on June 12, 2013
Home Trust Company – 4 year Closed : 2.99% (0.05%)
– ratesupermarket.ca
Home Trust Company 4 year Closed mortgage rate was changed on June 12, 2013
