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...
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...
Why it Pays to Use a Mortgage Broker

Why it Pays to Use a Mortgage Broker

Why use a Mortgage Broker? Today’s mortgage consumers are faced with so many different lenders, with different mortgage products and different rates than ever before.  Current mortgages can be quite complicated and you really need to work with someone, like a mortgage...