| Term | Bank Rate | Our Rate |
| 1 Year | 5.84 % | 4.54 % |
| 2 Year | 5.14 % | 3.99 % |
| 3 Year | 6.05 % | 4.04 % |
| 4 Year | 5.99 % | 4.09 % |
| 5 Year | 6.09 % | 4.14 % |
| 7 Year | 6.40 % | 5.00 % |
| 10 Year | 6.80 % | 5.29 % |
I remember when I bought my first condo at 28 years old, it was an exciting and at the same time stressful adventure. I wondered around the neighbourhood where I intended to buy a place, visiting numerous open houses. I did not want to work with a Realtor because I was not sure if I
I had the pleasure of training a few new Mortgage Planners yesterday in our office. One of the most interesting topics that was discussed was “Isn’t equity and stated income financing the same?” The answer is “NO”. Let me explain. Many institutional lenders (banks, credit unions, etc.) and all three mortgage insurers (CMHC, Genworth & AIG )
Even though Mortgage Brokers now originate about 30% of all mortgages in Canada many people still don’t understand what we actually do. Amazingly, many clients when they first talk to me think Mortgage Brokers only deal with people with bad credit and that we charge huges fees. Yes, we do assist people to get back
