Craig Wong – June 27, 2016 – The Canadian Press OTTAWA — When shopping for a mortgage, most Canadians focus on the interest and how much they can save with a lower rate. But paying a few extra dollars every two weeks instead of the usual monthly payment or making an extra lump sum payment (…) Continue Reading →
Archive | 2016
Jul
19
Saskatoon Mortgage Broker shares article – Down payment hike will only squeeze out more first-time home buyers
Down payment hike will only squeeze out more first-time home buyers, a top mortgage insurer warns By Garry Marr -June 13, 2016-Financial Post The head of Canada’s second-largest mortgage-default insurer is warning against increasing the minimum down payment for buying a home. Andrew Charles, chief executive of Canada Guaranty, whose owners include the Ontario Teachers’ Pension (…) Continue Reading →
Jul
18
Saskatoon Mortgage Broker shares article – Fixed or floating? The great mortgage debate of our time
David Israelson – The Globe and Mail – March 18, 2016 Fixed or floating? For those taking on a mortgage or renewing one, it’s a question that can be complicated. On one hand, interest rates are at historic lows. The Bank of Canada’s benchmark overnight lending rate is at 0.5 per cent. To some borrowers, (…) Continue Reading →
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