Protected: Facts By Email #5 – The Numbers, The Numbers – Vancouver
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Protected: Facts By Email #3: Alberta Home Builders Seeing Oil Dividend
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Protected: Facts By Email #2 – World Outlook Financial Conference this week
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Banks to make it harder for investors to get mortgages
1. With our central banker, lowering rates - even planning to go negative - in order to stimulate exports it makes it easier to afford larger and larger mortgages. As a result CMHC will be ordered to tighten rules more and more for investors. It is already dramatically more difficult to get approved for an investment mortgage
Protected: Facts By Email #50 – December 28, 2015 – January 11, 2016
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Banks keep almost half of the rate reduction!
Ask your bank why! When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money. The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of
It is not always the lowest rate that is the most important aspect of your mortgage
Discuss a list of items you should ask about your broker or bank when negotiating your next mortgage: - How much can I prepay per year with no penalty? - When can I make these payments? - How much can I increase my payments per year? - What is the penalty to break my mortgage?