Want to save on your mortgage? You can save thousands of dollars by mixing up your mortgage payments. Check out our infographic for 3 easy steps to savings.
How often should you make a mortgage payment? The most traditional method is to pay your mortgage monthly – but you have options. Read on to learn more, and to see how shaking up your payment frequency can help you save money!
Breaking your mortgage, or even trying to pay it off early, can result in steep mortgage penalties. Calculating these costs can be very confusing for consumers – but banks are looking to address this information gap with a new code that calls for more transparency.
Over the weekend the government announced new mortgage regulations that require federal financial institutions to revise the mortgage penalty disclosures they currently provide to consumers. Federally regulated financial institutions have until November 5th, 2012 to comply with these changes and compliance will be closely monitored by the Financial Consumer Agency of Canada (FCAC).