Mortgage Monday Rate Update – April 2013

First off, let me apologize for missing my Mortgage Monday blog posts from the past couple of weeks. I was on vacation back in Vancouver before the big spring mortgage rush hit, and decided to enjoy the beautiful spring weather they already had out there. 😉  Thanks for understanding. For those that are shopping for… Continue reading Mortgage Monday Rate Update – April 2013

10 Things to Consider Before Your Mortgage Renews

Article courtesy of Genworth Canada.   Have you explored all your options?  Once you receive your mortgage renewal statement, there’s nothing easier than simply signing on for another term. But while this may make sense in many cases, your family or financial situation may have changed over time. Mortgage brokers can look for opportunities that could… Continue reading 10 Things to Consider Before Your Mortgage Renews

Don’t Touch That Mortgage Renewal!

The Spring of 2007 saw many Canadians hop into home ownership (and therefore mortgages) for the first time.  The dollar was strong, the economy chugging along nicely, employment was high, and mortgage rates were relatively low.  It’s now 5 years later, and time to renew that mortgage. Regardless of whether or not times are tougher… Continue reading Don’t Touch That Mortgage Renewal!

Don’t Sign That Mortgage Renewal

The major banks currently renew somewhere between 80-90% of the mortgages they hold, and the majority of those renewals are done at posted rates (posted rates are the rates that are publically advertised by the banks, and the rates also used for qualifying for a variable rate mortgage). Many clients, especially those with a steady… Continue reading Don’t Sign That Mortgage Renewal