Linda Linfoot

Can't decide between fixed or ARM? Want to keep partner equity separate? Want to pay interest only on your investment loan?

The 5 year HELOC might be the product for you!

There are a lot variables in a variable rate

Garry Marr, Family Man, Financial Post
He has a landmark study on mortgages, but York University professor Moshe Milevsky says he never anticipated the credit markets of the last year.

The 2001 paper examined the previous 50 years to determine whether consumers benefitted from locking into a fixed-rate mortgage or going with a variable-rate prod ...

The following statistics are courtesy of CAAMP, and issued April 2009 in their report entitled "The Canadian Residential Mortgage Market During Challenging Times":

- First-time mortgages are most likely to be sourced through a mortgage broker (48%) (compared to Banks at 44%).

- The mortgage broker industry represented 46% of all new mortgages written in Canada last year (compared to 43% ...

IMPORTANT RATE ANNOUNCEMENT:

Bank of Canada Holds Key Lending Rate Steady at 2.25%; July 21, 2009

The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation. In its statement the Bank noted that in Canada, "simulative monetary and fiscal policies, improve financial conditions, fir ...

Credit Score Information - Credit Coaching

IMPORTANT RATE ANNOUNCEMENT:

Bank of Canada Lowers Key Lending Rate Again; April 21, 2009

Major Canadian banks follow suit; reduce Prime Rate to 2.25%.

The Bank of Canada lowered the overnight lending rate by 25 bps, enabling financial institutions to decrease their Prime Rate to a new historic low of 2.25%.

The Bank of Canada has announced today that it has revised its recovery expectati ...

What the rate cut means for mortgages

Garry Marr, Financial Post

The latest rate cut means consumers buying a house can borrow for as little as 3% interest on their loan if they are willing to buy into the Bank of Canada's statement Tuesday that it won't be changing rates until June, 2010.

If you don't believe the bank will hold steady on its promise, you can lock into five-year, fixed-ra ...