by Kevin Harris | Jan 10, 2012 | Click Your Mortgage Blog, Uncategorized
To determine ‘affordability’ you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage...
by Kevin Harris | Nov 8, 2011 | Click Your Mortgage Blog, Uncategorized
How Do You Choose Which One is Better – Fixed or Variable? I thought we would do an overview of fixed versus variable rates, as this is a constant water cooler topic. As predicated, lenders have made significant changes to variable rate products. Most of the...
by Kevin Harris | Aug 31, 2011 | Click Your Mortgage Blog, Uncategorized
Many first-time homebuyers may be wondering where they should start with the mortgage process. A common source of confusion is the difference between mortgage pre-qualification, pre-approval and rate holds. Recently, the Toronto Star published a good explanation of...
by Kevin Harris | Apr 12, 2011 | Click Your Mortgage Blog, Uncategorized
Bank of Canada Holds Interest Rate at 1% The Bank of Canada has kept its trendsetting overnight interest rate at one per cent, but not because the economy is doing poorly. The bank says the economy is actually outperforming expectations, and now expects it will grow...
by Kevin Harris | Mar 14, 2011 | Click Your Mortgage Blog, Uncategorized
As expected, the Bank of Canada (BoC) left its target for the overnight interest rate unchanged at 1.00% for a fourth consecutive meeting since September 2010. In light of today’s BoC statement, we still identify 19 July 2011 as the likeliest date at which it will...
