Great article in the Montreal Gazette addressing a recent survey commissioned by the Canadian Association of Accredited Mortgage Professionals which indicates that mortgage clients are not taking “undue risks” when it comes to mortgages.
I tend to agree as the majority of clients that I see in Toronto and surrounding areas have an adequate buffer to weather rate increases, whether it be variable or fixed rate mortgages. They mention longer term mortgages – refer to my previous blog, as they are not for everyone.
Enjoy the read and if you have any questions please feel free to contact me directly. Here’s the link:
Click here for the article…
Kim Gibbons Your “Mortgage Superhero ®”