Forget Coupons and Group Buying Websites, Here’s How you Can REALLY Save
Home Ownership / Lifestyle / Mortgages / Refinancing and Renewing

Forget Coupons and Group Buying Websites, Here’s How you Can REALLY Save

If you REALLY want to save money, forget about scanning the discount flyers and bringing your lunch to work, just take a look at your mortgage to get the biggest bang for your buck, says RateSupermarket.ca, Canada’s go-to-website for comparing mortgage rates. In three simple steps homeowners with a $300,000 mortgage can save $65,541 over 25 years. It’s all laid out in this handy infographic. Continue reading »

Is Refinancing Worth It?

Is Refinancing Worth It?

Are you thinking about refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everyone is looking to save money where they can. Obtaining a new loan with better interest rates for your home could mean saving money on monthly mortgage payments or using the extra money on other projects such as renovations or making investments. Continue reading »

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 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 »