You are here: Home » Archives for mortgages

Posts tagged as:

mortgages

Do This Before You Unzip Your Pants

January 25, 2010 Financing
Thumbnail image for Do This Before You Unzip Your Pants

Call everyone on your team. Your real estate team. Get your mind out of the gutter. I’m in the middle of buying a new principle residence and almost made one of the most deadly, amateurish mistakes in the history of time: removing conditions without making sure they’ve actually been satisfied. In my case I recently [...]

3 comments Read the full article →

Peter Kinch on Conflicting Rate Reports

June 8, 2009 Financing

Peter Kinch is a great mortgage broker, and I use one of his brokers. He’s also a frequent speaker on various radio and tv programs. Here’s a transcript from News 1130 last Friday (June 5th) between Peter Kinch and Russell Byth last Vancouver. Russ: The Bank of Canada is standing pat on rates keeping the [...]

0 comments Read the full article →

Real Estate Education From Kindergarten to University

April 26, 2009 REIN

There’s a natural progression within Real Estate education, it’s a lot like school. I’m going to try and paint a picture of what I think this looks like for Canadian investors. I’m using the metaphor of school because it’s familiar to us all, but don’t think that it’s literal. For many investors there’s a 10-20 [...]

4 comments Read the full article →

6 Things You Should Do To Your Mortgage When Interest Rates Drop

April 21, 2009 Financing

The Bank of Canada just dropped the prime interest rate by 0.25% making it….0.25%. The federal banks quickly followed. Here are the 6 things you should do right now. Call your banker/mortgage broker and reduce your mortgage payments as close to interest-only as possible. Do not go into negative-amoritzation (i.e. where your loan gets bigger). [...]

6 comments Read the full article →

The Globe and Mail Drops the Ball on Subprime

March 14, 2009 The Economy

Last night I was surfing through Twitter and one tweet caught my eye. Mostly it was because it was in ALL CAPS which annoys me to no end, but the word ‘canada’ made me mildly curious. The title of the article is “Canada’s dirty subprime secret” and while I was considering a subscription before, this [...]

2 comments Read the full article →

Stay Variable or Lock In?

March 8, 2009 Financing

I posted last week about the Bank of Canada dropping prime again, and how interest rates are at a historic low. I got Peter Kinch’s newsletter a day or so later and he talks about the change and if it’s better to stay variable or look at locking in. (FYI, Peggy Wong in Peter’s office [...]

0 comments Read the full article →

Real Estate Link RoundUp – March 3rd 2009

March 3, 2009 News

Here’s a selection of the news I’ve collected in the last little while. It either gets tagged in my RSS reader or in my Delicious bookmarks. Bank of Canada drops prime another 50 basis points BofC did what we expected and cut prime by half a percent. It was nice to see the banks follow [...]

1 comment Read the full article →

← Previous Entries

Next Entries →