In case you are not yet added to my data base, here is Ruby’s first mortgage video. https://youtu.be/VlKQI2HrnSs Ruby will be emailing weekly, so email me if you want to be added to the list.

Thinking of leaving your mortgage early…it may cost you more than 3 months interest… Interest Rate Differential (IRD) The IRD is a compensation charge that may apply if you pay off your mortgage prior to the maturity date, or pay the mortgage principal down beyond the amount of your prepayment privileges. The IRD is based […]

When it comes to saving money, there are a lot of little things you can do that add up to make a big difference! Here are 10 of my favourite money-saving tips:           Automatic savings are one of the most effective ways to save because you can’t spend what you can’t […]

When it comes to cleaning up credit, there is no better time than now to recognize the importance of your credit score and check if you are on track with your habits. To get started with your credit clean-up, there are a few things you can do:   Pull Your Credit Report: For most of […]

Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a few key mistakes to avoid and be aware of before you start your journey:   1) Not Getting Pre-Approved: One of the most important aspects of […]

Interest Rate Differential (IRD) The IRD is a compensation charge that may apply if you pay off your mortgage prior to the maturity date, or pay the mortgage principal down beyond the amount of your prepayment privileges. The IRD is based on: The amount you are pre-paying; and, An interest rate that equals the difference […]

National Bank of Canada cut its posted 5-year fixed rate by 15 bps on Monday, following similar cuts by BMO and CIBC over the weekend, while RBC and TD lowered their rates last week. In May, similar big-bank posted rate reductions caused the qualifying rate to fall from its then-current level of 5.04%, since the […]

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% to 4.79% this week. National Bank of Canada cut its […]