Posts tagged variable rate
Canadian Banks raise Prime .25%, Are all rates about to raise ?
Jun 3rd
That’s right Canada, the Bank of Canada decided that June 1st 2010 was a good time to increase the Prime rate from 2.25% to 2.5%.
To quickly define, here are the main points:
- only effect those with Variable Rate Mortgages
- average payment will increase $22 / Monthly
- Prime More >
What is the difference between Fixed vs Variable rate Mortgages ?
May 4th
The most asked question we get is…. “Should I take a fixed or a variable rate mortgage ?”
After asking many of my current clients what they learned from me teaching them the difference between Fixed and Variable rate mortgages… Well I tried to sum it up in just 4 minutes More >
How does April 19th 2010 mortgage changes effect me ?
Apr 19th
“So, with all these changes coming into affect today, how could it effect my future decisions ?” …… is the typical question I have been getting the last few days.
Quick urgent NOTE .. And/Or Click and watch video below:
This seems to be the Biggest question from anyone involved in More >
Due to our debt, Canada makes another change to our Mortgage Guidelines….Effective April 19th 2010
Feb 17th
Our ” Drowning in Debt ” habits have left our Government with no choice but to make some changes…
Some of us have already forgotten the changes that were made back in October 15th 2008. …. Lets recap
- - CMHC will no longer offer a 40 year amortization, 35 year will be More >
Is someone telling you …."Variable is the best way to go" ?
May 25th
via: canadianmortgagetrends.com
The Variable Straitjacket The Financial Post ran a article last week on a broker who sees “opportunity” in variable-rate mortgages. It raised a few obvious questions, like:- Where’s the “opportunity?”
- What are the alternatives?
Variables are nowhere near as enticing as they were 18 months ago. That’s because variable rates are driven by More >
