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
Should you pay down your mortgage or use the funds to contribute to your RSP? An interesting opinion in this current investment environment.
This is a question I receive from my clients quite often "Should I use my extra funds to pay down my mortgage or put the funds towards an RSP?". Many times it may make sense to make the RSP contribution, wait for the tax ... Read More
Kim Gibbons quoted in National Post re: Immediate family gifting a down payment + Guarantors and Co-signers of mortgages
Buying a first home can be pretty stressful and will likely impose a fairly hefty financial burden on the purchaser. Many parents and grandparents may be tempted to lend or give money for a deposit or even act as a ... Read More
Kim Gibbons on Global News discussing mortgage rates and the Bank of Canada
Bank of Canada increased their overnight rate on July 20, 2010 by .25% which brings the prime rate to 2.75%. Variable rates are still a great deal and now the best 5 year closed variable is at prime - .65% or 2.10%. To ... Read More
Kim Gibbons on Global News discussing Credit Bureaus & Mortgages
Sean O'Shea from Global News caught me in between Victoria Day barbeques to discuss the importance of your credit bureau as it pertains to obtaining a mortgage. click here to watch the news segment ... Read More
Understanding the Trends Behind Mortgage Interest Rates
The Bank of Canada is expected by many economists to raise short-term interest rates in June or July, prompting many homebuyers and mortgage holders to ask whether a variable-rate mortgage or a fixed-rate mortgage is best for ... Read More
Kim Gibbons on Global News Discussing Mortgage Interest Rates
Take a look at the Global News - Consumer SOS report from April 20th where a discussion of interest rates took place on the heels of the Bank of Canada overnight rate announcement: click here for the link ... Read More