Canadian homebuyers are seeking the best mortgage price, even if that means sacrificing personalized mortgage advice, according to a recent survey conducted by Rates.ca. Of those mortgage shoppers, 63% admit they are open to using online lenders if the price is right.
How Low Can You Go?
Nearly half (45%) of mortgage shoppers say they would need to save at least 0.05 to 0.20 percentage points on the rate to use an online lender. While 18% of shoppers say they wouldn’t need any incentive. Only 16% of Canadians say they won’t use an online lender.
A further breakdown reveals just how much Canadians are hoping to save.
The Interest Rate Savings Needed to Sway Canadians to Use an Online Lender
Percentage of Canadians
0.20%-points or more
Compare mortgage rates from Canada’s most-trusted lenders at RateSupermarket.ca.
Mortgage Shopping Key Considerations
When it comes to shopping for everyday items, brand names can play an important factor…
No one likes to pay fees, but the rate you pay for your investments and how you pay them can be especially troublesome. Making the right decision for your portfolio can be the difference in how much money you earn over the long haul.
When it comes to your Registered Retirement Savings Plans (RRSPs), you will want to watch those fees carefully so you can secure the most income for your golden years. Let’s take a look at some different RRSP accounts and the associated costs.
RRSP Fees Explained
How to Pay RRSP Fees
Why Fees Matter
Paying Your RRSP Fees From Outside the Account
Paying Your RRSP Fees From Inside the Account
A Note on TFSAs
RRSP Fees Explained
RRSPs fees depend on the type of account you have, whether it’s a self-directed plan with a discount brokerage, a simple plan of exchange-traded funds (ETFs) with a robo-advisor, or a more elaborate plan managed by a financial adviser or financial institution.
Self-directed accounts are for individuals who are comfortable with managing their own investments and take the time to research and establish their portfolio…