On January 2015, the Bank of Canada cut the prime rate by 0.25%. But the BIG SIX BANKS didn’t cut the Prime rate as they normally do. Instead, they waited … Continue Reading Banks pass on rate hikes but not the savings.. Shame on the BANKS!
If you still think your local BANK is your best friend, think again. Last week, one of my client’s discovered it would cost them $13,634 to exit their mortgage early. … Continue Reading Another example of BIG SIX BANK inflated penalty calculation.. $13,634.00! Wow!
WHY ISN’T ANYONE TALKING ABOUT THIS? You bought a home… you need a mortgage.. what’s the first question you ask your Banker? “what’s your best interest rate?”. And the second … Continue Reading Mortgage penalty calculations.. More important than the interest rate.
For more than a decade, I’ve been recommending Variable rate mortgages, as the product of choice. My clients have saved $thousands. It’s been a great 11 year run.. But … Continue Reading Variable rate is out, Fixed rates are in…. But, which term…?
Today, the actual BANK PRIME rate should be 2.50%, not 2.70%. What am I talking about?… follow me on this and let’s see if this makes sense. It’s been a … Continue Reading BIG SIX BANKS aren’t passing along the Bank of Canada rate cut to consumers?