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Hiring for Mortgage Underwriter

Hiring for Mortgage Underwriter

  Are you looking for the opportunity to work at a fast-paced office that helps people with their home-finances? The Mortgage Centre (CRS Inc.) has been rated as one of the best brokerage houses in Canada and the local area. This established family business has a long history of serving a diversity of people. Our… Read More

What to do with your mortgage given the rate increase by the Bank of Canada

What to do with your mortgage given the rate increase by the Bank of Canada

What to do with your mortgage given the recent rate hike by the Bank of Canada? We were expecting the Bank of Canada (BofC) to increase its overnight lending rate which has affected most of the different banks’ prime rates. This rate increase occurred a few days ago and will have a direct impact on your… Read More

Locking In Your Mortgage Rate

Locking In Your Mortgage Rate

  Locking In Your Mortgage Rate: A homeowner can change from a variable-interest-rate mortgage to a fixed-interest-rate mortgage without paying a penalty. Most lenders look at a five-year term on a fixed-rate mortgage. The trick is to determine what the new fixed-interest rate will be and when to make the switch. How to determine what factors… Read More

How To Budget For Variable-rate Mortgage Payments

How To Budget For Variable-rate Mortgage Payments

  How to budget for variable-rate mortgage payments: With a variable-interest-rate mortgage some lending institutions say that the same amount can be paid each month should a homeowner switch to a fixed-interest-rate mortgage. In the long term, less of the monthly payment goes toward paying down the principal. We can help a homeowner budget for a… Read More

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage

  Paying Your Variable-rate Mortgage Like a Fixed-rate Mortgage. When and why you should pay off your variable-interest-rate mortgage: Very often the variable-interest-rate mortgage is less than a fixed-rate mortgage. If you pay off your variable-interest-rate mortgage, you will have saved more money than if you had a fixed-interest-rate mortgage. We can help a homeowner… Read More

How Often Variable Rates Change

How Often Variable Rates Change

    How Often Do Variable Rates Change? The Bank of Canada can legally change its prime lending rate plus or minus, sixteen times a year. In reality, it normally only changes about once or twice, and is plus or minus .15% to .25% per annum. We can help a home owner in forecasting those… Read More

Spring Clean-up with the Mortgage Centre contest–go and vote at The Mortgage Centre Facebook page.

Spring Clean-up with the Mortgage Centre contest–go and vote at The Mortgage Centre Facebook page.

    The voting begins now– go to The Mortgage Centre Facebook page and begin your vote on your favorite caption from the top five finalists! Clean-Up With the Mortgage Centre Contest: Spring is here and it’s never been a better time to Clean-Up. Simply participate in our Mortgage Centre Spring Clean-Up contest. Every day for… Read More