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    • Blog
    • 06MAR
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      Posted 5 Year Rate Confirmed As New Qualifying Rate

      It has now been confirmed that the new qualifying rate, effective April 19, 2010, for all CMHC insured mortgages will be as follows: The greater of the chartered bank’s posted 5 year term rate or the contract rate. This will apply to all variable rate mortgages and for fixed rate terms under 5 years. We were

      • Posted by Wayne Mah
      • Bank of Canada
      • First-Time Buyers
      • Market Update
      • Mortgage Rates
      • Opinion
      • Refinance or Renewals
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    • 04MAR
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      Canadians Buying Property in the U.S. – What to Expect

      The strong Canadian dollar and recent corrections in the U.S. real esate market have made properties south of the border an attractive investment. Many Canadians are flocking to the U.S. to buy investment properties, at discounts of up to 60 and 70% of 2007 prices. I recently worked as a consultant and mortgage advisor for

      • Posted by Dara Fahy
      • Buying a U.S. property for Canadians
      • Uncategorized
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    • 03MAR
      0 Comments

      Great Variable Rate Mortgage Strategy

      Despite the low fixed rate mortgages available there are still many people asking for variable rate products. Most of the time they ask what the best rate for a variable is. In majority of the cases this would be a variable rate closed mortgage. However, I have been suggesting they take the variable rate OPEN

      • Posted by Wayne Mah
      • Bank of Canada
      • Mortgage Rates
      • Opinion
      • Save Money With Your Mortgage
      • Video
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