Someone recently asked if I could describe the various penalties associated with breaking a mortgage prior to the maturity date. Life happens, life changes, so it is good to know what to expect when the unexpected may occur such as the need to break your mortgage. Generally speaking, lenders usually use a 3 month interest […]

No surprises for us today as the Bank of Canada rate remained stable with historic low rate….full report can be found in the following link – http://www.bankofcanada.ca/2011/12/press-releases/fad-press-release-2011-12-06/

What do falling interest rates mean for borrowers? This clearly falls into the 88% of the time where borrowers get significantly ahead by having a variable rate mortgage. With the mess in the US expected to take several years to get sorted out, we are in an unprecedented time where we can safely assume rates […]