Fixed or variable rate mortgage. How’s your stomach for risk? When you take out a mortgage you have the choice of borrowing at a fixed or a variable interest rate. What’s the difference...
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Monthly Archives: April 2013
Understand GDS and TDS
What is GDS and TDS? It’s actually quite simple… There have always been two recognized methods used by the bank to measure a borrowers ability to pay. There is GDS and TDS, here’s...
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Mortgage Payment Choices
Bi-Weekly mortgage payments, what’s that? How to pay that mortgage off faster. Your mortgage has been approved, and now your lender presents you with yet another choice: how often do you want to...
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mortgage penalty and prepayment privileges
Mortgage prepayment privileges. Reduce your mortgage and your mortgage penalty. You’re desperate to get out of your current mortgage, but your lender tells you that freedom has its price – you’ll have to...
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Tap into home equity
Home equity. Suggestions on how to borrow on home equity. As you pay your mortgage down and the value of your home increases, you build up home equity. This is the difference between...
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