Finance Minister Jim Flaherty thinks Banks are a “Bit Odd”

Read the full article in the Montreal Gazette Here “I find it a bit odd that some of the bank executives are taking the position that the minister of finance or the government somehow should tell them how to run their business,” Flaherty said in Stittsville, Ont., just west of Ottawa. “We have bank executives […]

The Better “Low Rate” Solution

Yesterday we mentioned some of the pitfalls associated with No Frill’s products. Here are are some real, and Full featured solutions for you to consider: 3 Years, 15/15 Pre-Payment Terms, 2.79% 4 Years, 15/15 Pre-Payment Terms, 2.99% 5 Years, 15/15 Pre-Payment Terms, 3.19% 10 Years, 20/20 Pre-Payment Terms, 3.89% Contact Us for details!

Mortgage Prepayment Rules

It’s been two years since the Government Acknowledged that the rules around mortgage prepayment penalties need to be clarified. Finally, the Government announced several measure to protect consumers, central to which is a new Code of Conduct for Federally Regulated Financial Institutions which requires federally regulated lenders to provide significantly more information and tools to borrowers […]

No Frills Mortgages

As you have probably heard by now, BMO made a big splash in the news last week by offering a 5-year “Low-Rate” Mortgage at  2.99 per cent. While we applaud lower interest rates (something that should have happened months ago based on the traditional relationship between bond yields and fixed mortgage rates), we do urge […]