With the once popular variable mortgage no longer offering significant discounts off the prime rate, we have seen a turn of the tide over the last several months as Canadians conclude that long-term fixed rate mortgages look very attractive again, and for some consumers, the longer the better. Many homeowners are locking in to historic …
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Recently ING moved to to join a few selected lenders who are registering their mortgages as a Collateral Charge. It seems like more lenders are using collateral charge mortgages these days so it’s important to understand the key differences between a collateral and standard charge mortgage. Which is better for you? They both have advantages …
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