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Author Archives: tracyirwin
We’re Getting the Message on Mortgage Debt – Slowly but Surely
Surveys indicate that about one-third of mortgage holders are actively trying to terminate their mortgages early by making extra payments. Hoorah! The 2012 RBC Home Ownership Poll indicates that 14 per cent of Canadians made double-up mortgage payments (the regular … Continue reading
It’s About Time!
Finally! Consumers are about to get well deserved relief and assistance in understanding those “pesky” mortgage pre-payment penalties and how they are calculated. It has been a long time coming but, after numerous complaints, the Canadian government is stepping in … Continue reading
New Ideas for a New Year: Become Your Own Mortgage Lender!
Did 2012 boost your confidence in investing? If you’re a savvy investor and have the time to monitor your (mortgage) investment on a daily basis, then the strategy of becoming your own mortgage lender could be a sensible option for … Continue reading
Posted in Mortgage Strategies
Tagged lenders, Mortgage Lender, mortgage rates, mortgage strategies, mortgage strategy, RRSP, savvy investor
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The Incredibly Shrinking Variable Discount
Fixed or variable? Fixed or variable? Everyone wants to feel as though they had made the best choice when deciding between a fixed or variable rate mortgage. In this economy however, there is no right or wrong answer. All the … Continue reading
Posted in Mortgage Rates
Tagged 5 year fixed mortgages, Bank of Canada, basis points, Canadian Mortgage Trends, choosing fixed or variable, discounted variables, fixed rate mortgages, interest rates, lenders, mortgage rates, posted rates, prime, prime minus, prime plus, prime rate, rate studies, save money on fixed rate mortgage, save money on variable rate mortgages, spread between fixed and variable rates, terms, variable rate mortgages
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Getting the Best Mortgage Rate
You know those people .. the ones that boast about how they got this great mortgage rate and you feel like a schmuck! Well, the Bank of Canada conducted an extensive study on mortgage discounting and Canadian Mortgage Trends summarized … Continue reading
Getting Pre-Approved Before House Prices Fall?
There has been much attention in the media recently regarding a potential housing bubble. In the past few months, we have seen properties staying on the market longer and prices beginning to drop. What does that mean for the potential … Continue reading
Posted in Mortgage Strategies
Tagged housing prices, lenders, line of credit, potential home buyer, refinance
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Porting and Increasing your Mortgage?
You have put an offer on a new home and are in the process of completing the application for financing with your existing lender. Your expectations are that everything will be approved without a hitch or will it? If you … Continue reading