It's time to check back in with our Mortgage Rate Simulator. In today's post we run simulations to compare the cost of fixed and variable-rate mortgages under different interest-rate projections.
Why Canadians With a Variable-Rate Mortgage Should Put Ben Bernanke on Their Christmas Card List - Monday Morning Interest Rate Update (August 15, 2011)
Lenders use additional scrutiny when underwriting large mortgage loans, and most will apply a sliding scale on large conventional loans which limits the amount you can borrow. Today's post details how sliding scales work and offers some other useful tips to anyone considering a mortgage of $750,000 or more.