Category Archives: Mortgage Rates

How Your Credit Score Affects Your Mortgage Rate

When the Office of the Superintendent of Financial Institutions (OSFI) increased capital requirements on default insurers – and linked its capital formula to credit scores* – many securitizing lenders have opted to do two things: Thing One:  set different rates … Continue reading

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Will You Pass the Mortgage Rate Stress Test?

A doctor may prescribe a stress test to safeguard your health by monitoring breathing, blood pressure and heart rhythm. The Department of Finance is prescribing one to protect the financial security of Canadians and support the long-term stability of the … Continue reading

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Scour, Score, Scrap, Scribe…

Newspapers, journals and websites are scoured daily. Content is scored for relevance, scrapped if redundant, and condensed so that only the most helpful information and commentary is presented to my readers. Grab your coffee, sit back and enjoy this excerpt … Continue reading

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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

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