News from Canada's Mortgage Experts
Category: Current Rates
Managing Your Variable Rate Mortgage Payment as Rates Increase
Tuesday, March 30, 2010
Posted by: Vince Gaetano
Today’s article by Rob Carrick (Globe and Mail) addresses how to manage your variable rate mortgage payment as the prime rate in Canada increases. Rob Carrick asked our advice on how we manage our clients at MonsterMortgage.ca. The first step is to ask your lender what your policy is because you want to avoid the dreaded negative amortization.
Click HERE to read the article.