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At Mortgage Teacher, we're dedicated to helping you make smart mortgage choices. Follow our blog to stay up-to-date on recent Canadian mortgage trends, latest mortgage news, and changes to mortgage rules. Our team of mortgage brokers offer the best advice for both first time home buyers and current homeowners on refinancing, renewals, construction, renovations, and more.
Why would the bank be charging a higher interest rate than what is the going rate today? They quoted me a rate of 6.55%?
Well Carrie, it’s GREAT to see you are asking the right questions. Many consumers have been asking this for years. The banks system “seems” to be…. We’ll quote you a high rate, and (hopefully you sign it) if you shop around and get a better deal…
How important is Credit Score when qualifying for a mortgage?
Credit Score also known as Beacon Score is definitely one of the key components when qualifying for a mortgage.
Is it true OMAC Mortgages in London has the "lowest rates" ?
OMAC Mortgages is a group of high volume mortgage brokers who pool together with the lenders to help lower rates from the major banks.