Mortgage Blog
Trusted Alberta Mortgage Solutions
Category: Mortgages (4 posts)
Pre-Payment Penalty: Interest Rate Differential (IRD)
July 2, 2024 | Posted by: Bailey Coats
When paying off a variable rate mortgage, most lenders will charge a pre-payment penalty of 3 months of interest at the mortgage's current interest rate. When paying off a fixed rate mortgage, general ...
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Should You Pay Off Your Mortgage Early?
October 11, 2021 | Posted by: Bailey Coats
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...
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Should You Spend the Full Mortgage Amount You're Approved For?
September 13, 2021 | Posted by: Bailey Coats
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
September 6, 2021 | Posted by: Bailey Coats
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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