I'm a Toronto-based Mortgage Broker. My focus: to mentor and educate first-time home buyers, people with less-than-perfect credit, and people in business for themselves, to make the best mortgage choices for them.
I'm a Toronto-based Mortgage Broker. My focus: to mentor and educate first-time home buyers, people with less-than-perfect credit, and people in business for themselves, to make the best mortgage choices for them.
Mortgage rates are up and down – what should you do?
Should you lock in your mortgage rate or stay variable?
An article worth reading is this one on the Canadian Mortgage Trends website. It discusses the pitfalls of trying to pin down market factors and interest rate changes over both the short and long-term. The reality is that while we all wish we had that proverbial “crystal ball”, it simply doesn’t exist.
As mortgage brokers, we are constantly being asked to predict the unpredictable. Forecasts, especially long-term forecasts, should be taken into account, but with one caveat: the farther out the forecast, the less likely it is to be accurate.
It is important to remember that, in any economic times, YOUR long-term financial goals are the most important factor. From this, we can help you to structure your mortgage term, and mortgage features, to be best positioned to achieve those goals.
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