Mortgage amortization will determine your monthly payments and the total interest you’ll end up paying on your mortgage. So, should you go long or short?
How does a mortgage payment calculator or mortgage affordability calculator work?
This week’s Spotlight on Mortgages: CMHC’s 2013 Mortgage Consumer Survey finds home buyers are hungry for knowledge and eager to get the best rate.
Choosing your mortgage amortization is an important decision – a long amortization provides security and time to save, while a short one will have you debt-free faster.
5 year fixed mortgage rates hit a new low this week, at 2.77%. This full service mortgage is available in Ontario and accessible to high ratio borrowers. Could we see more downward movement before next year’s anticipated rate hike?
Taking out mortgage insurance may seem like a breeze, especially compared to the lengthy process of life insurance. Turns out, you’re paying for that convenience with the quality of your coverage – and you may find yourself without any, right when you need it most.
The 2.89 Five Year Fixed Rate Mortgage has returned, available in Ontario, Northwest Territories and Yukon, and available only for high-ratio mortgages. It’s sure to be a hit with the first time home buyer crowd – but how long will it stick around?
Nothing like a record low mortgage rate to start the week! 5 Year Fixed has dropped AGAIN – this time to 2.88 per cent! Following last week’s vertigo-inducing activity, looks like we’re in for more record lows. But how long will they last?
Earlier this week, we couldn’t believe our eyes when we saw the already ground-level 5 year fixed mortgage rate drop to a record of 2.94% in Ontario. Taking into account the roller coaster nature of these rates, we wondered: how long could this rate stay around? And could it go even lower? Our musings were answered today as rates dipped even lower to 2.89% – and this time, more provinces are getting in on the action.
It’s official – we’re seeing the lowest 5 Year Fixed rate ever as 2.94 per cent is now available for Ontario residents. We’ve crunched the numbers to see the kind of savings you could have with this full service mortgage rate- and how to tell when a mortgage product could be too good to be true.