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BMO Bank of Montreal announced that effective April 7th, its five year low rate fixed closed mortgage will be increasing to 3.95% from 3.75%. This new rate remains at the lowest in the marketplace, and the gap between BMO’s rate compared to the competition has widened following the recent round of rate increases.
This is one [...]
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Regardless of the lack of snow in the GTA, the holiday season is in full swing, and our hearts may be open, our wallets are closed shut.
Many Canadians are still uncertain about the ‘recovering economy’ and are therefore trying to pinch every penny, with good reason. Businesses are taking notice, and therefore trying to keep [...]
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The age old question when thinking about obtaining a mortgage is whether to go fixed or whether to go variable. A recent study done by BMO highlights that a variable rate may be preferential to a fixed mortgage rate because in the long run, will save you money (but it is important to read the [...]
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You finally want to own a place for yourself, something to call yours. You’ve worked hard to save up enough money to have a sufficient down payment, and you’ve kept your credit score at a reasonable number to look attractive to potential lenders. That’s usually the first step, and a great one! Now what do [...]
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So you’re looking into obtaining a mortgage, but don’t know where to start? Going through either a mortgage broker or bank will still get you a mortgage, but the value and terms of the mortgage will be dependent on which route you take.
A mortgage agent at a mortgage brokerage is a licensed individual that works [...]
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While scrolling through your bank’s website, you stumble upon something that almost sounds too good to be true – extremely low interest rates. You check once, twice – everything sounds legit, can this be right?
Considering the Canadian economy has seen interest rates at an all time low, it almost seems genuine that a lender can [...]
