Recently we have had two different lenders come up with “cut-rate” Mortgage (BMO and Manulife) “deals” and both have now withdrawn those “deals” after urging from the Government (specifically the Department of Finance (and in… Read More »The Free Market and Mortgages (in Canada)
The CBC had an interesting article on how Canada is Tiptoeing Towards a Subprime debacle similar to the United States (but not exactly the same). I was skeptical, but I was also unaware that there… Read More »Stupid Mortgages in Canada
Would you rather have a cheaper mortgage rate or free banking? This is an interesting quandary, but a cheaper mortgage rate seems to be a better choice.
Mortgage Rules Get Tighter While the Bank of Canada kept interest rates lower this week, the Government decided to tackle the problem of the ever increasing consumer debt, by tightening regulations on Mortgages and home… Read More »Random Thoughts: Mortgage Rules Change
Sure I Read It (maybe) Most financial documentation is treated the same way as the Bible, in that most people claim to have read it, but few really have done so (and even fewer can… Read More »Read Financial Documents Before Signing
