Tel. 905-336-5997 charmaine@designermortgages.ca

Speaking of Money… It’s Financial Planning Week

Speaking of Money… It’s Financial Planning Week October 17-23 is Canada’s third annual Financial Planning Week and as part of its campaign to get more Canadians engaged in their financial wellbeing, Financial Planning Standards Council (FPSC®) hit the streets to...

What has happened to the Variable Rate Mortgage?

What has happened to the Variable Rate Mortgage? It is dying a slow death!   A couple of weeks ago I was able to get a client prime less 0.85%, today that is not the case!  Tonight one of the last lenders is moving up to prime less 0.15%, which is considered a good...

Variable rate may no longer win

The answer to the age-old question of whether to go long or short on your mortgage is unclear yet again. The popular variable-rate product tied to prime that helped people buy a lot more house with more debt is going up. The prime rate at the major banks, which tracks...

The Best of Both Worlds!

The Best of Both Worlds!   A new mortgage product has recently been launched. This new and innovative product called the 50/50 WISE mortgage. Don’t choose between Fixed and Variable. Choose Both! They key aspects to this new mortgage are detailed below:   50% of...