Posts Tagged ‘Variable Rate Mortgages’

Is a Capped Rate Mortgage Right for You?

The first two considerations you have when arranging a mortgage are what type of mortgage rate is required along with how the mortgage will be repaid. The following article looks at the different mortgage rate options such as fixed rates, discounted rates, capped, variable and tracker rates, along with the main advantages and disadvantages for each option.

When considering which type of mortgage product is suitable Read the rest of this entry »

Low rates not the only factor

“If you [are] in a market sector that may be subject to layoffs or you believe that your employer may have issues and may not be there for you tomorrow,” says Peter Veselinovich, vice-president, banking and mortgage operations at Investors Group, “you may want to adjust the amount of your payments to reflect what a reduced cash flow or revenue flow into your home might look like.”

This could mean lookin Read the rest of this entry »