Vancouver Real Estate by Mike Stewart 604-763-3136 » fixed rate mortgages http://www.mikestewart.ca Thu, 09 Feb 2012 19:44:32 +0000 en hourly 1 Mortgage Penalties and Selling Real Estate – Check with your Lender before Selling or be Prepared to Pay! http://www.mikestewart.ca/mortgage-penalties-and-selling-real-estate-check-with-your-lender-before-selling-or-be-prepared-to-pay http://www.mikestewart.ca/mortgage-penalties-and-selling-real-estate-check-with-your-lender-before-selling-or-be-prepared-to-pay#comments Tue, 20 Oct 2009 20:38:17 +0000 mike http://www.mikestewart.ca/blog/?p=542

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
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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 have something in the small print of the mortgage they can get either 3 months interest or an interest rate differential. Any way you slice it, if you’re going to end a mortgage early there will be costs and they can be high.
]]> http://www.mikestewart.ca/mortgage-penalties-and-selling-real-estate-check-with-your-lender-before-selling-or-be-prepared-to-pay/feed 4 I think Inflation may Kick Off in 2-3 Years and This is what I'm Doing to Prepare. http://www.mikestewart.ca/i-think-inflation-may-kick-off-in-2-3-years-and-this-is-what-im-doing-to-prepare http://www.mikestewart.ca/i-think-inflation-may-kick-off-in-2-3-years-and-this-is-what-im-doing-to-prepare#comments Fri, 24 Apr 2009 18:43:48 +0000 mike http://www.mikestewart.ca/blog/?p=321
Real Estate and Inflation in Vancouver – What Mike Stewart Vancouver Realtor is going to do personal By Mike Stewart
View in HD  Download 720p HD Version  Visit Mike Stewart’s ExposureRoom Videos Page

Hi All,

I’ve mentioned in …

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Real Estate and Inflation in Vancouver – What Mike Stewart Vancouver Realtor is going to do personal By Mike Stewart
View in HD  Download 720p HD Version  Visit Mike Stewart’s ExposureRoom Videos Page

Hi All,

I’ve mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world.

I’m going to buy more real estate (Downtown condo’s and a house in East Van) and I’m going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully)

I plan on getting 4% 5 year fixed rate mortgages. I like these because a decent amount of principal gets paid off and the costs remain low.

I’ve included this cool mortgage calculator and this inflation calculator from the Bank of Canada for you to play with and hopefully help you with your plans.

I’d love to hear your thoughts!

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