The Spring of 2007 saw many Canadians hop into home ownership (and therefore mortgages) for the first time. The dollar was strong, the economy chugging along nicely, employment was high, and mortgage rates were relatively low. It’s now 5 years later, and time to renew that mortgage. Regardless of whether or not times are tougher… Continue reading Don’t Touch That Mortgage Renewal!
Category: Mortgage Monday
A weekly column written by mortgage agent Tim L. Walker that discusses a wide variety of topics in the mortgage industry.
Mortgage Monday Rate Update – May 2012
Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on what’s going on in the world of mortgage… Continue reading Mortgage Monday Rate Update – May 2012
The Time is NOW to Reduce Debts
I recently read a fantastic article by Rob Carrick (a Personal Finance columnist from the Globe and Mail) that I encourage you to read called “Once again: Pay down your debts before rates rise.” The gist of the article is that rates are currently at historic lows, but the Bank of Canada is seriously indicating… Continue reading The Time is NOW to Reduce Debts
Use Your Tax Refund as a Mortgage Pre-Payment
I know… it’s the last thing you really want to do with that “bonus money” you get back from the government… but hear me out. Last year, the average Canadian tax refund was over $1,500. The temptation is to spend it – on a new LED TV, a new computer, a vacation – or even… Continue reading Use Your Tax Refund as a Mortgage Pre-Payment
Variable Rate Mortgage Pricing – What in the World is Going On?
Starting four weeks ago, our regularly-scheduled Mortgage Monday blog posts began featuring a 4-part series courtesy of MCAP on how and why mortgages are priced the way they are (the series began with Part 1 four weeks ago: The Bond Market and Fixed Income Yields – How Does it Really Work?, followed by Part 2… Continue reading Variable Rate Mortgage Pricing – What in the World is Going On?