Those borrowers who are in a static variable rate mortgage. If you are in a variable rate mortgage and your payment…
-
Why Are Rates Changing?
There are various reasons as to why rates are changing but the number one reason is no secret, Inflation.
-
Why Is A 2% Inflationary Target So Important?
Let’s look at a simple example A $1 cup of coffee in a 2% inflationary period, takes 36 years to double…
-
What Is A Trigger Rate?
As interest rates on variable products increase and the payments don't change, there will be a point where the principal…
-
What Is A Trigger Point?
Each lender with have their own variation, however, here is a general summary: For a Conventional Variable Rate mortgage (VRM), the…
-
How Do I Calculate My Trigger Rate?
Easiest way to find your trigger rate is to download our app to access all state-of-the-art mortgage calculators – https://bit.ly/3swSgcI…
-
What Are My Options?
Consider the HELOC option A big benefit to the home equity line of credit is that it only requires interest…