Now loading.
Please wait.

menu

mortgage rates

Call: 403.460.7707

luke@redkeymortgage.com

mortgage rates

Apply Now

Working for You,


Not the Lenders.

Finance Minister, Flaherty, Tightens Mortgage Rules in an Attempt to Avert Bubble

When it comes to insured mortgage lending in Canada, 25 is the new 30. Additionally, the maximum a homeowner can borrower against their property is 80% as opposed to 85%. It is interesting to consider that as of 2007 homeowners were able to obtain 40-year amortization. However, Flaherty has cut the maximum amortization down twice since 2008. One could assume that Flaherty is concerned that low borrowing costs could fuel a housing bubble. Shorter amortizations influence an individual’s ability to qualify for a higher mortgage because the payments are more.

21 Jun 2012

Fort McMurray Mortgage Broker

We are growing! I’m pleased to announce that I have expanded my mortgage service into the Wood Buffalo and Fort McMurray area. I have been fortunate to work with many kind clients in this area, and look forward to continued presence in Fort McMurray. As a mortgage broker serving Fort McMurray, I am a licensed and regulated professional with direct underwriting relationships to both lenders and my clients.

15 May 2012

10 year fixed rate at 3.89%- "Is this real life?"

I'm sure this rate news makes you feel a bit like David after his trip to the dentist, "Is this real life?". Well, it certainly may not seem like it if you consider the average 5-year fixed rate over the past 10 years is just over 6%! Most lenders are offering their 10 year fixed rate around 4.99%; however, one lender in Canada is as low as 3.89%!

01 May 2012
1 2 3 4 5