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Tag Archives: Fixed Rate Mortgage
Variable Versus Fixed Rate Mortgages with Jessi Johnson Mortgage Broker!
Last week I had the pleasure of meeting up with Jessi Johnson of the Jessi Johnson Mortgage Team to discuss the merits of a Variable Rate Mortgage versus a Fixed Rate Mortgage.
What is a variable rate mortgage?
This is a mortgage that has an interest rate that changes in line with the Bank of Canada’s prime rate.Variable rate mortgages tend to have a lower interest rate than a fixed rate mortgage, but the interest rate on a variable mortgage can change at any time.
What is a fixed rate mortgage? Continue reading
Posted in: For Buyers, Vancouver Real Estate and Mortgage Financing
Tags: Assumable Mortgages, Bank of Canada, Canadian Mortgages, Financing Advice, Fixed Rate Mortgage, Fixed Rates versus Variable Mortgages, Fixed Rates vs Variable Rates Mortgages, Fixed Versus Variable Rate Mortgages, Interest Rate Volatility, Interest Rates and Real Estate, Jessi Johnson, Jessi Johnson Mortgage Broker, Jessi Johnson Team, Mortgage, Mortgage Advice, Mortgage Broker, Mortgage Financing, Mortgage Financing Advice, Mortgage Financing in Canada, Mortgage Financing in Vancouver, Mortgage Rates Fixed or Floating, Mortgages, Mortgages as Investments, Property Advice, real estate advice, Rising interest rates and real estate, Vancouver Real Estate and Falling Interest Rates, Vancouver Real Estate and Rising Interest Rates, Variable Rate Mortgage, Variable Rate Mortgage Loan, Variable versus Fixed Rate Mortgages, what are the risks of a fixed rate mortgage, What are the risks the risks of a variable rate mortgage, What is better a variable or a fixed mortgage, Which Mortgage is Better Fixed or Variable, why are fixed rates better, why are variable rates better
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Mortgage Penalties and Selling Real Estate – Check with your Lender before Selling or be Prepared to Pay!
Don’t Let Mortgage Penalties Bite you in the Backside – Check with your Lender Before you List!
A lot of people assume that when they sell a property they can pay off the principal of their mortgage with the sale proceeds and be done with their lender.
This is not the case.
A mortgage is a legally binding contract between you and your lender for you to pay them a stream of principal and interest payments for the term of the mortgage. The lender will h Continue reading
Posted in: For Sellers, Vancouver Real Estate and Mortgage Financing
Tags: 3 Months Interest, Banks and Mortgage Penalties, Breaking Mortgages, Check your Mortgage Penalty Before You Sell Real Estate, CIBC Mortgage Penalty, Ending a Mortgage Early, Fixed Rate Mortgage, Fixed Rate Mortgage Penalty, fixed rate mortgages, For Sellers, ING Mortgage Penalty, interest rate differential, Mortgage Broker, Mortgage Penalties, Mortgage Penalties and Sellers, Mortgage Penalty, Mortgage Penalty and Condo Sales, Mortgage Specialist, Mortgage Term, Mortgagee, Mortgages and Penalties, Mortgages and Selling Real Estate, Mortgages and Selling Real Estate in Canada, Mortgages and Selling Real Estate in Vancouver, Mortgages on Investment Property, Mortgages on Property, Royal Bank Mortgage Penalty, Sellers and Mortgage Penalties, Selling Mortgaged Properties, Selling Mortgaged Property, Selling Real Estate and Mortgage Penalties, TD Mortgage Penalty, TMG Mortgage Penalty, Variable Rate Mortgage, Variable Rate Mortgage Penalty
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