Archive for July, 2010

What you absolutely MUST know before you Choose a Realtor. What’s a Dual Agency? What’s “Double Ending”? This may surprise you! Choosing a Realtor When you decide to buy or sell real estate you will have no difficulty finding a realtor, there are lots! It’s finding a good one that will take some work.  After […]

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Vancouver Mortgage Refinancing…What You Should Know Surrounded By A Sea of Refinancing Confusion There are probably many “lifesaving” tips people have thrown you to help you determine the right time to refinance your home. You may have heard that the interest rate on the new loan must be at least two percent less than the […]

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Bank of Canada increases overnight rate target to 3/4 per cent OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. […]

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The amortization of a mortgage is divided up into smaller time periods called “terms”. Mortgage terms usually range from six months to five years, but some institutions will offer seven- or 10-year terms. The term is the period of time during which, with fixed-rate mortgages, the interest rate and payment amount are fixed. With variable-rate […]

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