Bank of Montreal has launched a new 5 Year Variable Rate Closed mortgage product that allows customers to take advantage of record low lending rates with the flexibility to lock into a fixed rate closed mortgage at anytime, the bank said Tuesday.“Recently we’ve seen an increase in the number of customers choosing a variable rate […]
But SCC ruling suggests such schemes be kept simple
Majority decision upholds lower court rulings in Lipson case
RBC Royal Bank is cutting its residential mortgage rates effective Nov. 26, and is introducing three new mortgage rate offers, the bank announced Wednesday.The bank is dropping its posted mortgages by 25 to 75 basis points, depending upon the term of the mortgage. For example, the rate for a six-month open mortgage drops 25 bps […]
CAAMP releases annual report on consumer perceptions and choices
Program allows cardholders to apply up to 2% of their credit card spending towards their existing HSBC mortgage
Ottawa lends additional support for Canadian credit markets
The increased margins on such loans are leading small lenders and originators to develop a new line of business
This move brings the bank’s total insured mortgages to $169 million
Four U.S. banks to promote the development of covered bond market