Archive for September, 2013

mortgage application
How Well do You Understand the Impact of a Mortgage Rate Change?

With that in mind, here are a few quick and easy numerical examples that show the impact of a simple scenario involving mortgage interest: A $300,000 mortgage with a 3.5% fixed rate over 25 years carries a monthly payment of approximately $1,500. The same home loan with a 4% fixed rate will cost you over [...]

By Lori on September 24, 2013
in Uncategorized
mortgage broker
4 Things You Should Know About Canadian Mortgage Rates

Despite that, however, we find that many new borrowers don’t really understand much about the way mortgage rates work. In fact, many seem to treat home loan interest the same way they would the weather – as something they think about, but couldn’t really explain. It goes without saying that mortgage rates are influenced by [...]

By Lori on September 14, 2013
in Uncategorized

Heartwarming Stories

Source was absolutely great to work with - went above and beyond to help us get everything done when buying our new home. Highly recommended!! Chad and Jenelle Richards Jan 09 2013

Chad and Jenelle Richards
Added January 23rd 2013

Interest Rates

6mth Term 3.95%
1yr Term 2.99%
2yr Term 2.69%
3yr Term 2.99%
4yr Term 3.39%
5yr Term 3.04%
V.R.M. Prime-.65 or 2.35%

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