June 29, 2010
Planning for closing costs is an important but often overlooked step during the home buying process. Today's post will give you an overview of what to expect and will introduce you to my one-of-a-kind Closing Cost Calculator.
Posts from the ‘mortgage advice’ Tag
June 22, 2010
If you want to buy a house and have a down payment of less than 20%, you are required to buy mortgage loan insurance on behalf of your lender. Today's post explains how loan insurance works and offers some suggestions to the powers that be for how we can make it better.
June 15, 2010
Are we headed for deflation or inflation? If it's deflation, choose variable, but for runaway inflation, go fixed. Can't decide which scenario is more likely when even the experts don’t agree? If you’d rather hedge your bets, consider my safe mortgage approach.
June 2, 2010
I haven’t sold mortgage life and disability insurance to a single client (ever). Today’s post explains why.
May 26, 2010
Mark Carney and the Bank of Canada will meet next Monday to make the most anticipated interest rate announcement in years. Today's post explains how the overnight rate works, why it is important, and makes a prediction about what Mr. Carney will do.
May 17, 2010
The fine print in your mortgage contract can either cost or save you thousands of dollars. Today’s post outlines the terms in your contract to watch out for.
May 10, 2010
Does it matter if you pay your mortgage monthly, bi-weekly or weekly? How much does paying more frequently save you in interest over the long run? Today's post seperates the magic from the myth.
May 3, 2010
Today's post is my quarterly update on the state of the mortgage market. In it, I challenge the media's assertion that everyone should be locking into a fixed rate and explain my theory that variable rate products offer their own form of risk insurance.