Tip #2: Consider switching to a capped variable rate.
A few lenders on the street offer a capped variable rate option. Under that option, as the prime rate that impacts variable rate rises, your monthly mortgage payment stays the same, the percentage of payment that goes toward principal declines, and the percentage of payment that goes toward interest increases. This is a good option […]
Tip #1: Don’t let the fear and the noise surrounding us these days make you rush into locking a 5 year fixed rate mortgage.
As you may have heard us say many times, variable rates mortgages have a lot of advantages for investors. Variable rate mortgages are usually much easier and cheaper to break, and therefore offer flexibility real estate investors need. Fixed rate mortgages on the other hand tend to be more costly to break. So really watch […]
BoC rate hike was extreme, however DON’T PANIC, we have a few suggestions!
I am sure you have all heard of the BoC announcement today!… No one saw those extra 25 basis points coming, but of course, it’s been loud and clear that they are planning to increase rates, so from that respect, no one is surprised. I am not going to offer you predictions on where the […]
Adapt & Thrive: Expert Interview with Sarah Larbi
We share with you perspectives from expert investors. In this interview with Sarah Larbi, we touch upon: How is she currently managing cashflow? Why isn’t she panicking? Where does she see opportunities? What one tip she would offer investors today?
