When going through the details of a mortgage, many clients are frequently surprised that they have so many different options for payment frequency. Most assume you can only pay monthly or bi-weekly, but there are actually a bunch of different options available. [box border=”full”] Monthly (12 payments per year): You all know this one –… Continue reading Payment Frequency
Tag: accelerated payments
Consumer and Industry Perceptions
As part of its commitment to understanding perceptions about the Canadian mortgage industry, CAAMP (Canadian Association of Accredited Mortgage Professionals) surveyed both consumers and industry members this past fall. I thought it might be interesting to look at some of the results of that survey (my comments in italics). Canadians have approximately 68% equity in… Continue reading Consumer and Industry Perceptions