by Jenn Slater | Aug 23, 2017 | Blog, Dominion Lending Centres, Mortgage
Fixed-rate mortgage holders are not affected by Bank of Canada rate changes during their current term. Only those in either adjustable-rate or variable-rate mortgages need read on. On July 12 lenders increased variable-rate borrowing costs by 0.25% to match the Bank...
by Jenn Slater | Aug 8, 2017 | Blog, Dominion Lending Centres, Mortgage
The question: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality, you may qualify to move 80% or less of the current balance. The proper question: ‘Do I need to re-qualify for my current mortgage to move to a...
