Mortgage Rates
6 Month Rate hold in Calgary!
June 21, 2010 by nikki · Leave a Comment
Are you building a new house? Are you trying to sell your house in Calgary and want to lock into a rate for the next six months!? That is an unusually long rate hold, one that most Mortgage Brokers cannot offer. I am happy to let everyone know that now that I am with Dominion [...]
Calgary mortgage rates are on their way up
March 30, 2010 by nikki · Leave a Comment
Well we knew that the low low mortgage rates would not last forever. How could they? Seriously though, for people sitting in the post-2008 discounted variable rate mortgages, with rates as low as 1.25% – this increase is going to hurt. Having said that, 3.69% is STILL a fabulous rate… you just have to lock [...]
Fixed Mortgage Rates Set to Rise
March 16, 2010 by nikki · Leave a Comment
It’s probably time to start the countdown on interest rates going up. The Bank of Canada only pledged — conditionally — to keep its record-low lending rate until the end of the second quarter, so that leaves us with slightly more than four months before the housing market falls apart. At least that’s what some [...]
Lots of Variables to the Variable Rate Mortgage
December 21, 2009 by nikki · Leave a Comment
York University professor Moshe Milevsky says he never anticipated the credit markets of the last year. The 2001 study that Milevsky did, examined the previous 50 years to determine whether consumers benefited from locking into a fixed-rate mortgage or going with a variable-rate product linked to prime. Consumers did better 88% of the tie by [...]
Canada Mortgage DEFAULT Insurance
December 18, 2009 by nikki · Leave a Comment
Mortgage DEFAULT Insurance Mortgage Default Insurance is mandatory for any mortgage over 80% loan to value in Canada. There are currently three Mortgage Insurers in the Canadian Market allowing Canadians the dream of Home Ownership with as little as zero down. CMHC – Government owned and run Genworth – American owned and run AIG – [...]
TD Canada Trust moves to offer Alt “A” Mortgages
December 4, 2009 by nikki · Leave a Comment
Introducing TD Financing Services! Mortgage Lending Solutions for Alternative Needs TD is pleased to announce that TD Financing Services Home Inc. TD Financing Services is launching their mortgage lending program in Alberta, effective today, Tuesday December 1, 2009.TD Financing Services offers a competitive program that encompasses the financial requirements of clients with varying credit needs, [...]
Variable vs Fixed Rates – The Great Rate Debate
December 1, 2009 by nikki · Leave a Comment
The Great Rate Debate Should I even start? This is a huge topic of controversy among Canadians right now between those of us with industry knowledge and experience and even those who don’t. Here’s my TAKE on it, I do not present this with any predictions or claim for it to be fact. This is [...]
