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Variable 5 Year

Fixed 5 Year

Mortgage Maturity

Should I Wait For My Mortgage To Mature?

Lenders will often send out their mortgage renewals 120 days prior to your mortgage maturing. I refer to this as their “Convenience Rate” as it is generally not the best rate but appears convenient for the borrower.

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Canadians are optimistic about the housing market again

Mortgage stress testing did more than just make it tougher for many Canadians to purchase a home — it also eroded their confidence in the housing market.

But Canadians seem to be regaining their confidence, more than a year and a half after policymakers introduced stress testing for uninsured mortgages.

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Mortgage Products

Wondering the Pros & Cons of the various Mortgage Products? ? See…

Wondering the Pros & Cons of the various Mortgage Products? ? See below! ⬇️ ➡️ Fixed Rate Mortgage Interest and payments are locked in for the duration of the mortgage term. ✅ Pros: ▫️ Consistent payment (easy to budget) ▫️ Protected from rising rates ▫️ Set it, and forget…

Fixed Rate Mortgage

What Is A Fixed Rate Mortgage?

The interest rate on a fixed-rate mortgage is set for a pre-determined term. This offers the security of knowing what you will be paying for the term selected.

Variable Rate

What Is A Variable Rate Mortgage?

A mortgage in which payments may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest.

Term Length

What Should The Length Of My Mortgage Term Be?

The length of mortgage terms varies widely – from six months right up to 10 years. While four or five-year mortgages are what most home buyers typically choose, you may consider a short-term mortgage if you have a higher tolerance for risk, if you have time to watch rates or are not prepared to make a long-term commitment right now.






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