Mortgage Interest Rates - August 30, 2010 - Toronto

2.70%	1 Year Fixed
2.90%	3 Year Fixed
3.69%	5 Year Fixed (quick close Sept 30th)
2.87%	Merix 50/50 Mortgage (Fixed/Variable hybrid)
P-.70	3 Year Variable
P-.65	5 Year Variable

Prime ...

The consequences of not paying property taxes are not well appreciated. In my last blog entry I explained the term Judicial Sale and highlighted that this legal process is a great opportunity to acquire undervauled properties in cottage country. More often than not the cause is the non-payment of property taxes.

The other day we received a phone call from a solicitor to help resolve a legal ...

Mortgage interest rates continue to stay low as week numbers suggest that we are still far from full economic recovery.

Mortgage interest rates for week of August 23, 2010:

2.70% - 1 Year Fixed

2.90% - 3 Year Fixed

3.89% - 5 Year Fixed (quick close Sept 30th)

2.87% - Merix 50/50 Mortgage (Fixed/Variable hybrid)

P-.70 3 Year Variable

P-.65 5 Year Variable

Prime Rate is currently 2. ...

For the 3rd time this year lenders are offering fixed 5 year mortgages for less than 4%. interesting when you consider the headlines from just a few months ago warning of an immanent long term increase of mortgage interest rates and all the caveats from the banks to lock in rates.

Mortgage Interest Rates For Week of August 16, 2010:

2.70% - 1 Year Fixed

2.90% - 3 Year Fixed

3.89% - 5 Year ...

In my last post I wrote about an astute investor who exploited the opportunity of a Judicial Sale when he bought a unique, mixed-use property, for a bargain price of under $100,000. Such opportunities come up frequently but are missed by most people because they don't know where to look specifically. In addition, the term Judicial Sale is not part of the everyday vocabulary and opportunities ...

What do you get when you try to buy a property that was once a jail, fire hall, dance hall & town hall? A financing conundrum.

This is exactly what one of our clients purchased, where we provided private mortgage financing. The purchase is even more remarkable when you consider that the jail, fire-hall, town-hall and dance hall are joined as one property, on one deed.

This unique property h ...

Toronto mortgage broker, Chris Molder, updates the mortgage market conditions, rates, and what it all means to you, through his weekly mortgage video blog.

It appears as if the mortgage rate market has stabilized after the bank of Canada's decision to increase the prime rate earlier this month. While rates aren't as low as the begining of 2010, mortgage interest rates still remain low histor ...

Toronto mortgage broker, Chris Molder, updates the mortgage market conditions, rates, and what it all means to you, through his weekly mortgage video blog.

For the week of June 07, 2010, following the Bank of Canada's recent interest rate announcement, we weren't too sure in which direction the fixed rate market would move. Mortgage lenders responded by lowering their fixed rate mortgage rat ...

As a Toronto mortgage broker working with home buyers, I'm often asked: "Do I need to pay for the CMHC (Canada Mortgage & Housing Corporation) insurance?" If you're purchasing with less than a 20% downpayment, the short answer is "yes".

I understand, as a Toronto homebuyer myself, the premium paid up front for the benefit of a mortgage lender seems unfair. While the couple of thousand dollar ...