GIC is the acronym for Guaranteed Investment Certificate, in simple terms it is just like a normal savings account where you put money in your account and receive interest accordingly. GICs are a type of deposit …
For many Americans, the final word on their mortgage will be handed down to them by their lender. However, for some, it could be the last day of their loan. In fact, for many lenders, a five-year mortgage is the last …
Mortgage rates are continuously changing. The desired mortgage rate may vary dramatically from day to day. A fair rate for a 30-year mortgage is typically in the high 4% to low 5% range, while a reasonable mortgage rate …
You might wish to choose a 5-year variable rate mortgage for several different reasons. This mortgage is not appropriate for everyone. Which is the first thing you must realise.
It can be difficult to discover the …
Rising interest rates are something to keep an eye on if you have a mortgage or other loans. There may be opportunities to profit from the …
If you want to buy a home in Canada, you’ll have to compete with tens of thousands of other people. This is because they apply for current mortgage rates every year. You’ll have to make many decisions during the …
he interest rate on variable-rate mortgages fluctuates according to an underlying benchmark rate. This is based on the prime rate of the Canadian mortgage lender. Lenders determine the prime rate, but it often tracks …
An interest rate is applied on the principal amount borrowed. That is referred to as mortgage interest rate, which varies between 5 to 8 percent.
Mortgages are primarily classified into fixed-rate and adjustable-rate …
Mortgage brokers usually offer the most significant default insurance rates for clients with less than a 20% down payment. Banks typically offer the best-uninsured rates, particularly for borrowers who put down less …
To understand a fixed-rate mortgage, we should know what a mortgage is? A mortgage, in simple terms, is the loan that a person uses to buy a home or land. That person becomes the borrower and agrees to pay the …