Rates–Fixed, Variable or Both??
Filed Under Main Content · Tagged: Fixed Rate, People, Variable Rate
canadianmortgagetrends.com
Most people’s fixed or variable rate decision all comes down to how much they want to pay See full story on this topic »
With low interest rates, is it time to reconsider your mortgage?
Filed Under Main Content · Tagged: Amp, Borrowers, Cloverdale, Fixed Mortgage, Fixed Rate Mortgage, Home Statistics, Invis, Low Interest Rates, Mortgage Consultant, Mortgage Interest, Mortgage Rate, Mortgage Rates, Senior Mortgage, Vancouver Sun, Variable Mortgage, Variable Rate
Vancouver Sun- With mortgage rates low and more likely to go up than down, some borrowers may want to think long and hard about whether they want a long and hard — fixed, that is — mortgage rate.
The first question is whether to go fixed or variable when borrowing to buy a home. Statistics show that 88 per cent of the time, a variable mortgage is cheaper than a fixed-rate mortgage, said Feisal Panjwani, senior mortgage consultant with Invis-Feisal & Associates Mortgage Consulting in Cloverdale. But the problem with a variable rate is that it is just that: It changes over the life of the mortgage…
With low interest rates, is it time to reconsider your mortgage?
Fix in for mortgages?
Filed Under Main Content · Tagged: Bank Of Canada, Canadian Mortgage, Canadians, Commentators, Cost Of Borrowing, Government Rules, Mortgage Market, Mortgage Payments, Mortgages, Next Five Years, Variable Rate
Financial Post- The fix is in, when it comes to the Canadian mortgage market.
New government rules, which kicked in this week, have taken away choice from many Canadians and will force them to lock into a longterm mortgage.
You’ll hear a chorus from commentators who will say this is a good thing because Canadians can be assured of their mortgage payments over the next five years — especially important as the Bank of Canada looks set to raise its key lending rate in June or July. An increase in prime will immediately follow and that will raise the cost of borrowing for anybody with a variable rate product…
