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Contact Information

2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com

4 January 2011

Variable mortgages: the pros and cons
In case of a variable mortgage your interest rate can change during the term. It depends on the market tendencies: usually it concerns the bank’s prime lending rate. The mortgage
payments can differ – they can be fixed, or they can change (Adjustable Rate Mortgage).

The pros:
In case the rates don’t go up during your term, you can save money on interest rates payments.  In the end, you may pay more toward your principal. It will reduce the balance owing and shorten the time necessary for paying off your mortgage.

31 December 2010


30 December 2010

Mortgage rules’ tightening – Stephen Harper’s commentary  
Recently Prime Minister, Stephen Harper, made a hint at the possibility of mortgage rules’ tightening in 2011. This decision can be provoked by the high Canadian debt level.
“Yes, we’ve already tightened mortgage rules earlier,” – said Harper. “But if it’s necessary we’ll do it again”.
Stephen Harper also said there will be measures taken in order to reduce the federal deficit, but there won’t be any sharp cuts, especially, concerning health and education areas.

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15 November 2018

More than half of Canadian first-time buyers plan to make a purchase during the next two years This year, Canadian first-time home buyers have been f...Read more >>

12 November 2018

New rules will make it more difficult to get a second mortgage if you already have a HELOC If you have a home-equity line of credit (HELOC) and you w...Read more >>

9 November 2018

CMHC market forecast for Great Toronto and Vancouver real estate According to the Canada Mortgage and Housing Corporation (CMHC), the GTA market will...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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