Blog
Mortgage Expert Rob Jennings
Is a Variable Mortgage Rate Still Worth Considering After the Bank of Canada’s Rate Hike?
On October 28, the Bank of Canada raised its policy rate from 2.25% to 2.5%. First hike in three years. My phone started ringing before the press conference was even over.A lot of the calls came down…
Why Paying Off Your Mortgage Before Retirement Matters More Than It Did Five Years Ago
I talk to homeowners every week who are five or ten years out from retirement. Usually near the end of the meeting, after the paperwork, somebody asks: should I push hard to pay off the mortgage…
Fewer Canadians Are Lying Their Way Into a Mortgage. Here Is What Actually Changed.
I have sat across the desk from thousands of mortgage applicants over 18 years. The honest ones outnumber the dishonest ones by a wide margin, and that has always been true.What has changed is the…
She Is 26, Single, and Her Mortgage Costs the Same as Her Rent
Meghan is 26. She works as an airport duty manager in St. John’s, Newfoundland. Last year, she bought a three-bedroom townhouse for $258,000.Here’s the part worth investigating: her total monthly…
What a Global Bond Sell-Off Really Means for Your Newfoundland Mortgage
If you’ve seen the headlines about borrowing costs hitting their highest level since 2009, we get the worry. A number that big, tied to something as personal as your home, sounds like a warning aimed…
First Time Home Buyer? Here’s What to Ask Your Mortgage Broker
You found a house you love. You booked the meeting. Now you’re sitting across from a mortgage broker with one question rattling around your head.What rate can you get me?That’s the question a lot of…