Should I renew my Mortgage early?
Broker vs. Bank / Lenders / Mortgage Renewal / mortgage rule changes / payout penalty / prime rate / Qualifying / Rates & Terms / Rules / Uncategorized

Should I renew my Mortgage early?

Is your mortgage due for renewal sometime within the next year? Has your current lender called you or sent an offering of a one-time chance to “renew early and save” or some similar wording? With relatively low interest rates still available, it may be a good idea to renew your mortgage early and take advantage of the … Continue reading

Rising rates – What would the MortgageGirl do?
Broker vs. Bank / Lenders / Market Updates / prime rate / Rates & Terms / Uncategorized / Variable Interest Rates

Rising rates – What would the MortgageGirl do?

For the first time in almost 7 years, The Bank of Canada (BoC) has raised the prime lending rate by ¼ of a percent, it increased from .50% to .75%. Doesn’t seem like a very big increase but it does have the potential to cost all of us more money as it affects the rates … Continue reading