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CTV’s Pat Foran, profiled a customer who had a misunderstanding with TD Bank about the size of her mortgage penalty for breaking her mortgage contract. RateSupermarket.ca’s, Kelvin Mangaroo, commented on the different mortgage penalties and that consumers need to be aware that the interest rate differential could add up to thousands of dollars. For more … Continue reading »
CBC The National’s lead story last night was on the Bank of Canada’s rate increase and how the banks are getting more aggressive with their rates as all mortgage lenders are chasing fewer and fewer mortgage customers. The CBC’s Havard Gould came in to meet with RateSupermarket.ca and discuss how this is impacting Canadian consumers. … Continue reading »
After the Bank of Canada interest rate hike last week, the CTV’s Pat Foran, did a story on some misunderstandings about the dreaded mortgage penalty. Many Canadians believe that the penalty to get out of your mortgage early is typically 3 month’s interest. However, it really depends on the lender and type of mortgage you … Continue reading »
A think tank released a report today outlining the possibility that Canada’s housing market bubble could be heading for a big burst. RateSupermarket.ca’s President, Kelvin Mangaroo, was asked to discuss this on CTV News today with anchor Dan Matheson. Continue reading »
RateSupermarket.ca’s President, Kelvin Mangaroo, was asked to have a chat with Jacqueline Milczarek, Anchor, CTV News Today and CTV News Weekend, about the Bank of Canada’s upcoming expected interest rate hike and how that will affect mortgage rates. Continue reading »
RateSupermarket.ca’s founder, Kelvin Mangaroo, spoke to Canada AM’s Beverly Thomson this morning about rising mortgage rates and provided their “Rate Hike Action Plan” to help Canadian consumers find the best mortgage rates while rates are increasing. This came just as the Bank of Canada was announcing that their were keep interest rates level, however, they … Continue reading »
Today’s economic climate is beset by the unpredictable daily rise and fall of the stock markets, changing laws and regulations, along with shifting interest rates and bond yields which directly impact mortgage rates. With the US saddled in uncertainty and the Canadian markets unsure about the future, most lenders in Canada have tightened their loan … Continue reading »
Canadian credit scores and mortgage rate – what’s the connection, and how can you improve yours? Read on to find out. Continue reading »