Deciding Between a Variable or Fixed Rate Mortgage

Deciding Between a Variable or Fixed Rate Mortgage

As you may know, a fixed mortgage has a rate that’s locked in for a set number of years, while a variable mortgage has a rate that floats with market conditions. On average over time, you’ll usually come out ahead with a variable mortgage. The reason for this is the...
Protect yourself from Mortgage Fraud

Protect yourself from Mortgage Fraud

What is Mortgage Fraud? Mortgage Fraud occurs when someone deliberately misrepresents information to obtain mortgage financing that would not have been granted if the truth had been known. Examples of Mortgage Fraud can include: Misstating your position or inflating...
Questions to Ask Before Getting a Mortgage

Questions to Ask Before Getting a Mortgage

When you are ready to buy a home, you may have a lot of questions. Many of these questions have to do with getting a mortgage! Before you go house hunting and start putting offers down on properties, make sure you get a mortgage pre-approval done and give some thought...
Interest Rate Differential (IRD) – what is it?

Interest Rate Differential (IRD) – what is it?

Looking at the low mortgage rates, it is extremely tempting to consider the option of breaking your mortgage early to try and get a better rate. If your rate is much higher than today’s rates, this might make sense, but before you make a decision be sure to research...