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 …
Are you about to embark on your first house purchase? If that’s the case, learning the jargon can help when discussing mortgages. Once you’ve mastered these phrases, you’ll be able to confidently assess the many best …
Are you thinking about buying a house this year? If you’re like many other people who want to know what will happen with interest rates in the future, the 2022 mortgage interest rate forecast is worth …
Frequency for a mortgage or a mortgage frequency means the frequency of payment required for regular paying amounts in an area of loan details. The mortgage frequency changes according to the terms of the mortgage as …
5 Ways to pay off your mortgage early : Purchasing a house in Canada is not easy until you have a mortgage that suits your needs and paying off your mortgage as early as possible is one of the best decisions you will …
Buying a home is one of the most important financial transactions for a middle class household. This is not something to be taken …
In recent years the gap between variable rate and fixed rate mortgage has abridged significantly. On their rise, the fixed rate mortgage provides certainty for a monthly …