30 Oct

Is Your Mortgage Portable?

General

Posted by: VICKI LOVE

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better […]

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29 Sep

Selecting Your Best Mortgage Term

General

Posted by: VICKI LOVE

  Choosing the mortgage term that’s right for you can be a challenging proposition for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is […]

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25 May

Banks talk down consumer debt hysteria

General

Posted by: VICKI LOVE

Garry Marr  Financial Post May 9, 2012 – 7:00 PM ET | Last Updated: May 10, 2012 11:14 AM ET Norm Betts/Bloomberg News Toronto-Dominion Bank economist Francis Fong suggests Canadians have begun to get the message about having too much debt, based on the slowdown in consumer credit growth. The Bank of Canada may be […]

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21 Mar

Become Mortgage-Free Sooner

General

Posted by: VICKI LOVE

  Regardless of how long you’ve had your mortgage or how large or small the current balance is, there are a variety of ways to make prepayments work for you to pay down your mortgage faster and, therefore, pay less interest throughout the life of your mortgage. After all, each extra payment amount will reduce […]

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