My name is Michael Fortin, and I have created this website to provide you with a better understanding of the factors involved in your mortgage decision, and provide tools to make your mortgage experience simpler. Each individual's circumstances are unique, and this website cannot cover every aspect of importance to you. Please feel free to contact me - at no charge - to discuss your personal circumstances. There is no commitment on your part, and all information is kept confidential.
Tuesday, 17 January 2012 08:47
Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.Monday, 14 February 2011 09:29
Secondary credit card user a nobody
Garry Marr, Financial Post
It was a bit of a shock to Brenda Harfield when she tried to order something on her Sears card and was told to get her husband, if she wanted to complete the transaction.
Tuesday, 27 July 2010 07:25
With rates low, is it time to reconsider your mortgage?
Fiona Anderson, The Vancouver Sun
VANCOUVER - With mortgage rates low and more likely to go up than down, some borrowers may want to think long and hard about whether they want a long and hard — fixed, that is — mortgage rate.
Monday, 14 June 2010 12:04
Forget market timing, buying a house is about life timing
Garry Marr, Financial Post
'You know, you're making the biggest mistake of your life. The housing market is going to fall."Thursday, 18 February 2010 00:00
New Mortgage Lending Rules
On April 19 our government will lay down three major rule changes to "prevent" a housing-price bubble and keep homeowners from getting "overextended."
These new rules apply to government-backed insured mortgages only.| Mortgage Rates - January 26, 2012 |
|---|
| 1 Year Fixed | 2.80% |
| 2 Year Fixed | 2.99% |
| 3 Year Fixed | 2.89% |
| 4 Year Fixed | 2.95% |
| 5 Year Fixed | 3.19% * |
| 7 Year Fixed | 3.89% |
| 10 Year Fixed | 3.95% |
| Closed Variable | 2.80% ** |
* Must close within 60 days, regular 5 year fixed rate is 3.29%