Archive for: March 2014

New mortgage rate war looms as BMO cuts 5-year below 3%

Filed under: Mortgage - 28 Mar 2014

THINK OUTSIDE THE BOX:  Be sure to ask questions and check the ‘fine print’ of any mortgage offer to ensure the product meets your needs.  For example:   Is there a due on sale clause with this offer?  What are the …

Mortgage matters: know your terms and conditions

Filed under: Mortgage - 28 Mar 2014

THINK OUTSIDE THE BOX:  Be small-print savvy when it comes to something as important as your mortgage.

Melanie McLister is answering tough questions from mortgage consumers.
“It used to be, ‘What’s the best rate?’ Now they are asking about prepayments, blended increases, …

Things to know about renewing your mortgage

Filed under: Mortgage - 17 Mar 2014

THINK OUTSIDE THE BOX:  The Bank of Canada has kept the key interest rate steady and banks have been quietly cutting their rates for fixed and variable mortgage rates. They are also fighting for a shrinking pool of borrowers so …

CMHC announces it will raise mortgage insurance premiums

Filed under: Mortgage - 01 Mar 2014

THINK OUTSIDE THE BOX:  Save thousands of dollars in insurance fees – get offers to your mortgage broker by mid April so the Lender and CMHC have time to review and approve the application prior to the May 1st deadline….