Buying a car and purchasing a home are two of the biggest purchases that you will make. You may not have considered how one may affect the other. Having a car loan can have either a positive or negative impact.…
First, how does a variable rate work? Variable rate mortgage payments fluctuate based off of when the Bank of Canada (BoC) Prime Rate increases or decreases. There are eight BoC rate announcements where the Prime Rate can be adjusted based…
Getting Mortgage Free Faster Using mortgage prepayment options can drastically reduce the total amount of money you spend on your mortgage. Thus, shortening the time it takes to pay it down. This puts more money in your pockets, Halifax, for…
You're Mortgage Renewal Whether you are a month away or twelve months away, not having an unbiased mortgage professional review your mortgage renewal is leaving money on the table! Here at the Centum Home Lenders, we see homeowners get offered…
A recent CIBC report estimated that nearly half of all current mortgages in Canada will be up for renewal in 2018. With the added weight of the new stress test that applies to both insured and uninsured mortgages, it is…
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