This is likely a great time to debate this subject as more and more lenders and brokers are competing for the borrowers business. Everyone is offering some amazing rates on fixed 5 year mortgages, however some lenders are trying to offer slightly better deals, but are they really better? for example Is it more important
March 31 2010, I had the great privilege of being invited to speak on the Radio Real Estate Show on AM650, at 10:00am, Radio Real Estate This is what I had to say: Good Morning Tom, Good Morning Edith, Mortgage rates rose this week due to the strong economic conditions in Canada. The biggest one
This morning Canada’s Finance Minister Jim flaherty tightened the rules and guidelines for Canadians when qualifying for a mortgage. Under the new rules, starting April 19th, 2010 buyers will have to meet qualification standards for a 5 year term regardless of whether they take a shorter term or variable rate with a lower interest rate.
