Understanding Fixed vs Variable Rate Mortgages
Posted on Feb 09, 2022 in Mortgages
In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway? Let’s explore.
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10 Tips for Getting the Best Mortgage Rate in Canada
Posted on Feb 09, 2022 in Mortgages
When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage.
Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of...
Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of...