mortgage amortization – CanadaMortgageNews.ca

Posted September 18, 2020 Mortgage News

Rates are at all time lows

Rates are at all time lows and are expected to stay that way for a while! This means payments can’t go much lower. Let’s put interest rates and mortgage costs in perspective.

Here is what MORTGAGE PAYMENTS on a $400,000 mortgage look like with a 30 year amortization:

Posted February 26, 20192 Comments Interest rates

What Impact will the Stress Test have when Renewing Your Mortgage?

So, your mortgage is coming up for renewal this year. You’ve probably been in your mortgage for at least three years – but likely closer to five, as this is the most common term.

Does the mortgage stress test affect you? Absolutely! And, here’s how…

Continue reading “What Impact will the Stress Test have when Renewing Your Mortgage?”