Last week Marketplace on CBC ran an episode called "Busting the Banks" where they investigated disclosure of collateral charge mortgages to consumers. This is a hot topic and I have written an article previous to this about ... Read More
Understanding Collateral versus Standard Charge Mortgages
More lenders are moving to collateral charge mortgages so it’s becoming increasingly important to understand the differences between a collateral and standard charge mortgage. TD Bank announced in October, 2010 that all new ... Read More
Is a 7 or 10 year fixed rate mortgage right for you?
With long term mortgage rates at an all time low there has been a lot of buzz with consumers who would tend to lean towards a 5 year term to lock into either a 7 year fixed rate or a 10 year fixed rate mortgage. There is a ... Read More
Kim Gibbons on CTV National News – Historic low 5 year fixed rate at 2.99%
The 5 year fixed rate has hit it's all time historic low at 2.99% but keep in mind that a mortgage is more than just a rate. BMO's promotional 2.99% 5 year rate comes with its catches so dig a bit deeper to understand the ... Read More
Rate Drops – Another reason to use a Mortgage Broker
The time between when your mortgage is approved and when you close - who is watching the rates for you, advising of any significant rate drops and providing you with the best rates right up until closing? Would your bank ... Read More
Kim Gibbons on Global News Re: current hot real estate market
As the deadline for the new changes for amortizations from 35 to 30 years approaches, this appears to have fueled a very busy real estate market in Toronto. There are certainly more clients purchasing and having their ... Read More
More on the New Mortgage Changes – How they may affect you
The Government announced on January 17th that they will be making changes to their government backed mortgages. Namely, any mortgage that has less than 20% as a downpayment (with a few exceptions). The changes are very ... Read More
Kim Gibbons on CTV News re: Flaherty warns of higher interest rates
To read the article and watch the video please click here... Kim Gibbons, ” Your Mortgage Superhero ®” Mortgage Broker FSCO lic. M08001363 416-400-8107 kim@mortgagesuperhero.com www.mortgagesuperhero.com ... Read More
Kim Gibbons on Global TV’s Focus Ontario – New Mortgage Rules
To view the interview please click here... Kim Gibbons, ” Your Mortgage Superhero ®” Mortgage Broker FSCO lic. M08001363 416-400-8107 kim@mortgagesuperhero.com www.mortgagesuperhero.com ... Read More