The benefit of the 5 year fixed is that you know what you're paying, and you know what you're paying to budget out in your life for the next 5 years. This is really beneficial for first time home buyers
The variable, or adjustable rate mortgage, is also very popular today. One of the benefits of the variable rate mortgage, is that it's linked to prime lending rate. That means that should that lending rate drop, you're going to get the benefit.
One of the most flexible products that you can get is going to be a home equity line of credit. The home equity line essentially allows you to borrow, on a secured credit line against the value of your home.
There are 2.7 million self-employed people in Canada, and that number is expected to increase over the next 10 years. While I was employed with RBC, I spent six years specializing in and dealing with small business clients.
Fixed Rate Term Mortgage
The most common mortgage is a fixed rate term. Currently, most people are looking at a 5 year fixed term. Let's talk about the 5 year fixed.
The benefit of the 5 year fixed is that you know what you're paying, and you know what you're paying to budget out in your life for [...]
On Tuesday October 6th, 2015 Anne-Marie Jensen together with David Fouad will be providing prospective homeowers with the education and tools they need to navigate the Winnipeg home buying process.
In this workshop you will discover…
How to qualify for a mortgage
Why use a [...]
Buying Your First Home in Canada
How long do I have to be in Canada? What documentation do I require? What can I use for credit history? How can I build my credit history? What do I have to have for a down payment? What is the role of a Mortgage Professional How can a Realtor help? Get the [...]