Mortgage Wisdom

Avoid the 5-Year Fixed Mortgage Trap

Number 3 on our list of things on which Canadians waste the most money is 5-year fixed mortgages. They are marketed as being safe and a good protection against a sharp rise in interest rates. The reality, though, is that they are nearly always a huge waste money, they limit your flexibility and result in…

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Ed Rempel’s Picks for The Best Smith Manoeuvre Mortgage

“It was impossible to get a conversation going; everybody was talking too much.” – Yogi Berra The Smith Manoeuvre is a simple concept, but fairly technical to set up. It is easy to do, but also easy to mess up. The first step is to get the right mortgage, which is why one of the…

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