Let’s talk 7 and 10 year fixed mortgage rates…
…and why they may not be the best choice for your mortgage. There has been a lot of talk in the news the last 2 weeks about extended fixed terms, namely 7 and 10 year fixed mortgages. It’s true that...
View ArticleRecent Mortgage Brokers survey says borrowers not taking on undue risks
Great article in the Montreal Gazette addressing a recent survey commissioned by the Canadian Association of Accredited Mortgage Professionals which indicates that mortgage clients are not taking...
View Article8 Super Tips for Paying off your Mortgage Faster
For many Canadian homeowners, paying off their mortgage as quickly as possible is a top priority. Paying down extra principal in the years by whatever means possible can shorten the life of your...
View ArticleGood and Bad Debt – Is There a Difference?
Not all debt is created equally. Let’s face it, debt is not something we desire to have but there is a difference between the good and bad and it lies in how it can hurt or help you reach your...
View ArticleKim Gibbons on Global News discussing Credit Bureaus & Mortgages
Sean O’Shea from Global News caught me in between Victoria Day barbeques to discuss the importance of your credit bureau as it pertains to obtaining a mortgage. click here to watch the news segment
View ArticleAs expected – Bank of Canada increases overnight rate by .25%
As widely speculated, the Bank of Canada has increased their overnight rate by .25%.. How does this affect you? Well if you are in a variable rate mortgage then expect the prime rate to increase from...
View ArticleKim Gibbons quoted in National Post re: Immediate family gifting a down...
Buying a first home can be pretty stressful and will likely impose a fairly hefty financial burden on the purchaser. Many parents and grandparents may be tempted to lend or give money for a deposit or...
View ArticleKim Gibbons on Global TV’s Focus Ontario – New Mortgage Rules
To view the interview please click here… Kim Gibbons, ” Your Mortgage Superhero ®” Mortgage Broker FSCO lic. M08001363 416-400-8107 kim@mortgagesuperhero.com www.mortgagesuperhero.com
View ArticleBankers get all the bonuses and Canadians get all the risk
What a great article this week in the Globe and Mail. I love it as it shines a light on what is really going on in the Canadian mortgage market, who the big player on the scene is, who takes the most...
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