canadian mortgage: What You Need to Know When Considering a Fixed Vs. Variable Mortgage in Canada
- 10/12/11 04:52 AM
One of the most common questions I hear as a Broker is "Should I choose a Fixed Rate Mortgage or Variable Rate Mortgage?" - while there is no one standard answer there are several factors that can help determine which one is right for you. First, it is important to understand there are advantages and disadvantages to choosing either. Variable mortgages have historically resulted in homeowners paying lower rates but because they are tied directly to the Bank of Canada rate (which is announced and potentially changed 8 times a year), they are vulnerable to fluctuations which can drive rates down … (0 comments)
canadian mortgage: Calgary Mortgage Broker expanding to offer services in more Alberta cities
- 10/07/11 05:31 AM
Due to the increasing demand for effective and successful mortgage broker services in Alberta we are expanding our Calgary business to include several new cities in Alberta and rural Alberta with a focus on individuals and families that have credit challenges or non-traditional incomes such as self-employment.When purchasing a home, revenue property or looking for refinancing and debt consolidation options the approval process can be challenging; for people with low credit scores, past credit challenges, or income streams that are not the standard norm the challenges are exponentially more difficult and often result in applications being turned down or approved at … (7 comments)
One of the most common questions I hear as a Broker is "Should I choose a Fixed Rate Mortgage or Variable Rate Mortgage?" - while there is no one standard answer there are several factors that can help determine which one is right for you. First, it is important to understand there are advantages and disadvantages to choosing either. Variable mortgages have historically resulted in homeowners paying lower rates but because they are tied directly to the Bank of Canada rate (which is announced and potentially changed 8 times a year), they are vulnerable to fluctuations which can drive rates down … (0 comments)
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