When you're in the market for a home loan, you'll face a big decision: choosing between a fixed-rate or an adjustable-rate mortgage. Both types have their perks and points to ponder. Grasping what sets them apart is crucial to picking the one that fits your financial plans and how much risk you're comfortable with. In
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from the Canada Mortgage and Housing Corporation (CMHC).
When you're in the market for a home loan, you'll face a big decision: choosing between a fixed-rate or an adjustable-rate mortgage. Both types have their perks and points to ponder. Grasping what sets them apart is crucial to picking the one that fits your financial plans and how much risk you're comfortable with. In
Ratetrade.ca is your one-stop shop for doing a quick search and easy comparison of prevailing mortgage rates in Canada to make smart financial decisions.
Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
If you're buying a home for the first time, you may not be entirely clear on the difference between fixed rate and variable rate mortgages. Both have benefits and the choice that's right for you will depend on your situation and your personal preferences. Here's what you need to know. The benefits of a fixed rate With
Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
There are several big mistakes that Canadians make in their financial plans. One of the most damaging one I've come across is the fixed rate mortgage.
Unsure of how to make your mortgage payments? 100% clueless about interest? No one taught you these facts about mortgages in school, so learn them here.
As interest rates have risen over the past year, clients wonder whether they should opt for a fixed or a variable rate when they renew their mortgage.
Fixed Rate vs. Variable Rate Mortgage
If you need to borrow money to pay off debts or make a purchase, a home equity line of credit (HELOC) can be extremely useful. A HELOC is a revolving credit line secured by the equity in your home. This is an open ended loan that can be paid down or charged up for the term of the loan, very similar to a credit card
With talk of rising interest rates, what's the difference between fixed vs variable rate mortgages? RE/MAX Canada explores the options.
There are many different types of mortgages available to homebuyers, and the type of mortgage you choose will depend on your unique circumstances.
After nearly two years of interest rate increases, cuts may be on the horizon—here’s what that means for current and prospective home owners.
There's something so empowering about teaching teens how to work with percentages, how to budget and what all that fancy-sounding financial language means. Teaching teens financial literacy was even empowering to me. It made me feel I was giving my students the tools they needed to avoid being taken advantage of financially, which can happen to any of us. In this post I want to show the parts of a new word wall that I made to support a financial literacy curriculum and talk a bit about the misconceptions and questions that can arise while teaching teens personal finance class in a consumer math class. The financial literacy word wall in this post puts the vocabulary and concepts in context as it presents the math visually.
After nearly two years of interest rate increases, cuts may be on the horizon—here’s what that means for current and prospective home owners.
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Explore whether mortgages qualify as fixed expenses, how they impact your budget, and strategies to manage them effectively.
