Monthly Archives: February 2018

Your Mortgage Renewal – You could be saving thousands

10 February 2018By Steven Porter | Posted in Uncategorized

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Your Mortgage Renewal – You could be saving thousands

Will you be in the 70% who will leave money on the table?

30% of Canadians think about an informed and planned mortgage renewal. A fact is 70% of Canadians sign their renewal letters without any significant investigation of what other options may exist in the market. Typically, lenders send out renewal letters four to five months...

Are you in a Variable Rate Mortgage?

9 February 2018By Steven Porter | Posted in Uncategorized

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If you're in a fixed rate mortgage, this news does not impact you. Mind you 'impact' is too strong a word to use for the subtle shift in the Bank of Canada rate that occurred this past Wednesday. In Short  The math is as follows: A payment increase of ~$13.10 per $100,000.00 of mortgage balance. (unless you are...