Blog
Monday
7
NOVEMBER
2011
Know Your Variable Rate Terms!
Have you ever stopped to think how your bank decides what rate to offer you when you apply for a Variable Rate Mortgage? Banks may offer a great initial rate when you first bring them your business, but the question that you need to ask them is what rate will they offer you when you decided to lock in?
Thursday
3
NOVEMBER
2011
Should you sign that Mortgage Renewal Letter?
Did you know that:
- banks renew approximately 90% of the mortgages they hold?
-that the majority of those are renewed at posted rates?
When you stop to think about what the difference is between a posted rate and a discounted rate, it can be shocking...