FORMER US FED CHAIRMAN CAN’T GET A MORTGAGE. Anyone remember this guy? Ben Bernanke. He’s just the former Chairman of the US Federal Reserve Bank. He served two terms … Continue Reading When this guy can’t qualify for a mortgage, you know the mortgage rules are too tight!
Bi-weekly payments won’t pay your mortgage off faster. Yup, it’s true. Around 4 yrs ago, I wrote an article showing some simple but effective math to explain this. Recently, I’ve … Continue Reading Bi-weekly payment myth…. it won’t pay your mortgage off faster.
Picture this… Your mortgage is with the biggest Canadian Bank in Canada. You feel safe. You got a great rate at the time… 2.99%. What could go wrong? Well, … Continue Reading RBC charges homeowner $8900 penalty, or 15 months interest charge!
In her first public speech as Senior Deputy Governor for the Bank of Canada, Carolyn Wilkins brought some good news to Canadians with mortgages. Interest rates should remain low … Continue Reading Senior Deputy Governor says lower rates are the new normal.