Saskatoon Mortgage Broker shares article on the danger of low-rate tunnel vision

The Danger of Low-Rate Tunnel Vision

Article by Robert Mclister, November 1, 2014, Canadian Mortgage

“Mortgage advisors know that a great rate and a great mortgage are not synonymous. Regular interest expense is only one component of total borrowing cost.

But how do you convince consumers of this when rates are the only thing they can easily compare? How do you convey that avoiding potential costs (like high mortgage penalties, refinance restrictions, etc.) often justifies paying more up front?”

To read the full article, please click here.

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