Archives for mortgage

Here’s a smart way to protect yourself from higher mortgage rates

Rob Carrick The Globe and Mail Published Tuesday, Mar. 28, 2017 4:34PM EDT Last updated Tuesday, Mar. 28, 2017 6:12PM EDT   Recent home buyers, your financial priority for the next few years is clear. Pay down your mortgage. Give the tax-free savings account and registered retirement-savings plan a brief rest and pay down your mortgage. I contradict myself here. In a June, 2014 column, I argued that people were obsessing over paying down their mortgages in a way that could cause them to neglect retirement savings. Now, particularly in high-priced cities such as Toronto and Vancouver, mortgages are the more serious worry.
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Mortgage math: Rates aren’t everything, don’t forget to consider term

CTV Online, Craig Wong, The Canadian Press Published Monday, February 20, 2017 6:30AM EST OTTAWA — You shopped around for the best deal on your mortgage and weighed the pros and cons of going with a fixed-rate or a variable-rate loan, but another key factor to consider is the term. A majority of borrowers opt for a five-year mortgage — about 54 per cent according to Mortgage Professionals Canada — but experts say homebuyers need to consider how long they want to commit to when it comes to their loan. Click here to read the full article
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