Remarks by Superintendent Julie Dickson to the Canadian Association of Accredited Mortgage Professionals (CAAMP) 2013 Mortgage Forum, Toronto, Ontario, November 25, 2013 Read More
When was the last time you thought about your mortgage? Most people take out a mortgage with their bank for 5 years and then forget about it. When you took out that mortgage did anyone discuss other options for you such as a 10 year term to provide you with more stability when rates rise. Most of the time I think mortgage holders don’t know what questions to ask their mortgage provider other than “What is your rate?” There are so many features available in the market that rate is sometimes secondary. I also believe that most people don’t take advantage of the extra payments they are allowed to make, to pay it down more quickly. Read More
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