Variable Rate Mortgage - In This Current Market?

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Should I choose a variable rate mortgage? What info is out there for me to help make my decision?

Published on Monday 15th of March 2010 09:30:47 AM

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New Qualifying Guidelines for Mortgages in Canada

Posted by admin! / Under Variable Rate Mortgage

Effective April 19, 2010, loans with a fixed rate term of less than 5 years and for all variable rate mortgages, regardless of the term, the qualifying interest rate will be the greater of the benchmark rate or the contract interest rate.

Published on Monday 15th of March 2010 09:30:47 AM

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Homeowners urged to fix monthly rates

Posted by admin! / Under Variable Rate Mortgage

THOUSANDS of borrowers are underestimating the cost of their home loans and should consider fixing their mortgage rates now, a new report says. At least 3 million UK borrowers do not know the rate of interest at which they are currently repaying their mortgage, and thousands are paying their lenders’ standard variable rates (SVR), according to the

Published on Monday 15th of March 2010 09:30:47 AM

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What is Adjustable-Rate Mortgage (ARM)?

Posted by admin! / Under Variable Rate Mortgage

Home Loan and Mortgage Glossary: What is Adjustable-Rate Mortgage (ARM)? a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs).

Published on Monday 15th of March 2010 09:30:47 AM

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