When people come see me for a mortgage, they are often focused solely on the interest rate. While rate is important, there are so many other mortgage features that need to be considered, like the penalty. In general, most lenders calculate penalties [...]
The City of Kingston's down payment assistance program is being offered again. Approved applicants will receive down payment assistance equivalent to 5% of the home's purchase price. Applications are due by March 13th. If you would like more info on [...]
Ever wonder how much money you really made on the sale of your home? Here's a great little video that provides a true picture of your sale proceeds.
All major banks have now lowered their prime rate from 3.0% to 2.85%. We were expecting them to cut their rate by .25% to follow the Bank of Canada but they have decided to take a more "balanced" approach. How does this affect you? Variable Rate [...]
Mitch recently launched his new website. www.mortgagewithmitch.ca has a blog, online application feature and a mortgage calculator to help you with all of your mortgage needs. Enjoy!
Mitch was interviewed by the Mortgage Broker News. He commented on the fact that interest rates have been very steady over the past four years despite regular warnings of increases. Here is the article: Brokers aren't sold on a big bank report [...]
