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 »

My Answers to Canada AM Viewers Mortgage Questions – April 21, 2010
Mortgage News / Mortgages / RSM News

My Answers to Canada AM Viewers Mortgage Questions – April 21, 2010

I was on CTV’s Canada AM this morning along with Roberts Group mortgage broker & owner Paula Roberts, answering viewer’s mortgage related questions. I thought I’d share my answers here as well. Q. How high and how quickly is the Bank of Canada expected to increase rates? Milyda Answer: Well the Bank of Canada announced … 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 »

RateSupermarket.ca Founder on Canada AM Discussing Mortgage Rate Increases
Mortgage News / Mortgages / RSM News

RateSupermarket.ca Founder on Canada AM Discussing Mortgage Rate Increases

RateSupermarket.ca’s founder, Kelvin Mangaroo, appeared on CTV’s Canada AM this morning to discuss yesterday’s mortgage rate increases by RBC, TD & Laurentian Bank. They increased their 3, 4 and 5 year fixed rates by 0.20% – 0.60% as a result of increasing Government of Canada bond yields. This was one of the biggest single day … Continue reading »