Mortgage, Money and Dream – Our thoughts on Canadian Mortgage Market
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Journey of a mortgage haggler

Mortgage shopping is stressful, Canadians agree to that. The end result should be sweet enough to worth the stress. Let us look at the steps some of us go through.  

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When will mortgage interest rate go up?

What we are experiencing right now is not the right indicator of future.  What future has for us in its bag can be predicted (with median confidence) using some indicators. There are many factors which influence interest rate but only a handful of them have the most

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Qualifying Rate Will Drop Soon

Canadian Finance Minister thanked the big banks (except BMO) for not getting into rate cut game along with BMO. I guess for now they will remain in the good book of our minister and let BMO have all the businesses :(. Fighting back or not – Canadian

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Low Mortgage Rate is Not the Only Factor For High Consumer Debt

BMO started its low rate campaign again, five years fixed mortgage rate for 2.99%. The bank did the same last year also it stopped and started the advertising few times during 2012. Make no mistake, it also offered rates lower rate than 2.99% to some of its

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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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Mortgage rates – standing still for more than a year

Last spring when the bond yields started to go up – everyone expected that the rates will go up too. At that time fixed rates did show some upward movement but it died down as soon as the new regulations came into force. Therefore, due to various

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There is no reason for BoC to raise interest rate.

Two days from now Canadian Central bank will announce its decision on overnight lending rate. Skeptics are forecasting another flat call. The bank is now facing the challenge of keeping a delicate balance between industrial growths and allowing the personal debt to inflate. It appears that the

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Do you talk to your partner about a 12% mortgage interest rate?

If you have a $350,000 mortgage and your interest rate is 3% then you can never be sure what may hit you when your mortgage contract will be up for renewal. With a 3% interest rate you will be paying only about $1,660.00 per month, on a

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Do banks match price (rate)?

Price matching has a very long and complicated history. Retailer generally uses the technique to attract buyers. This controversial practise has many bad and good sides. On the good side we can say that it is a pro-active campaign and on the bad side we can say

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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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14 Ignorance That Will Cost You in Your Mortgage

Knowing pays. Whether you are looking for a house or a car or some baby food, you always do your research on price and quality before you hit the road. If you do not shop around then probably your time worth more than the savings (I am

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