Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Rate forecast – indicators

If the bond yield curve did not improve – rather went down – would the rates improve in short term? What do you think?    

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A Shoppers Guide to On-Line Mortgage Rate

We now shop on-line for number of household items. Many real brick and mortar stores have gone on-line with their products and prices. It is a very competitive environment out there. With the promises of price match and discounts – it is a tough turf for the

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Qualifying Rate – Then and Now

Canadian government announced changes in mortgage regulation to curb variable rate borrowing – about two years ago. The financial market did not look very rosy and despite of that fact – housing market was booming. This unusual trend forced the government to take action to slow down

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2012 Best Canadian Mortgage Rate

I was just driving by when I saw this. Please don’t ask for the details. If you drive with your eyes open then you may spot one or two like this. I simply can’t offer this rate.

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Mortgage Rate War and Eroded Earnings – Banks May Stop Deep Discounts

Rate Competition: In a saturated market it is hard to create new opportunities. Lack of new business drove the lenders in the age-old method of attracting new clients – Undercutting. They started to match rates, even worst – banks started to discount their rates even further. Lenders

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Selecting a mortgage term

It is very common to ask us for the lowest rate. Unfortunately we assume that a bargain basement rate will save us a basement full of cash – which is not always true. In fact interest rate is just another factor to consider – along with many

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Mortgage rates – Innovations by lenders

Xceed has launched a new product called Super PRIME Mortgage. This is targeted to the borrowers with excellent credit score. As of today the posted rate of Xceed is 3.24%. The lender is offering a 25 bps discount on the rate for the special borrowers so the

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Variable Rate Mortgage – Discounts are Making a Comeback

Bond yield touched the bottom few days ago. In a reaction to that event – fixed rates were reduced by some lenders. Lately we do not see much movements in variable rate side. That front is very quiet. Currently we are all about fixed rate mortgages. Since

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BMO low rate mortgage. some interesting facts.

Probably you are now tempted to take a look at the offer BMO has for the borrowers. Before you do that here are some interesting facts you need to know. It has a maximum of 25 years amortization as opposed to regular 30 years with other products.

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Mortgage rates – illusion of reduction

Did the rates really go down as reported elsewhere recently? All corners are reporting that the rates went down. In fact we all did so, when those media releases started to flow in – overwhelmed by the effects, we all thought that the rates really went down.

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TD reaching out further

Like many other lenders TD bank also has options for non-prime borrowers. “Equity Key” product is one of such options. They rolled out the “Equity Key” product earlier this year. The Equity Key line offers loans to those borrowers who cannot produce income and job tenure documentations.

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Mortgage shopping – Time to sharpen your pencils on-line mortgage brokers.

There are many websites who offer their rates openly to a causal or serious web searcher. Some of them are my favourites (I admit that I have to keep an eye on rates) and some are not so impressive. A simple Google or Bing or Yahoo search

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