RateSupermarket.ca on CTV News Talking About Mortgage Penalties
Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News

RateSupermarket.ca on CTV News Talking About Mortgage Penalties

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 »

RateSupermarket.ca on CBC’s The National Discussing the Mortgage Market
Mortgage News / Mortgages / Mortgages 101 / RSM News

RateSupermarket.ca on CBC’s The National Discussing the Mortgage Market

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 »

RateSupermarket.ca on Canada AM Talking About the Mortgage Penalty (IRD)
Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News

RateSupermarket.ca on Canada AM Talking About the Mortgage Penalty (IRD)

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 »

Kelvin Mangaroo on Canada AM Talking About Getting a Mortgage While Rates Increase
Buying A Home / Mortgage News / Mortgages / Mortgages 101 / RSM News

Kelvin Mangaroo on Canada AM Talking About Getting a Mortgage While Rates Increase

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 »