Category Archive for: ‘Updates’

Bank Mortgage Penalty Calculators

Mortgage Penalty Calculator

Banks are now mandated by law to provide easy to use mortgage penalty calculators.  Mortgage brokers have been pushing for this for years and we are very happy to see this come to fruition for our clients! Here is a list of calculators available to you online.  If you have more questions please feel free to contact me.

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Summer Newsletter


Check out the summer newsletter here!   Mark Delleman (604) 889-0050

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Mortgage Rules Changing – Will this effect you?

Mortgage Rule Book

The Federal Government announced this morning four new clampdowns on insured mortgages that will quickly come into effect on Monday, July 9th, 2012. Here are the changes announced: The first two will effect the majority of people. Lower amortizations will mean higher payments and a greater amount of income needed to qualify for a mortgage. The second will limit the …

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Mortgage Penalty Disclosure


Finally! The Canadian Finance Department has announced a “code” for Financial Institutions to follow in regards to mortgage penalties and how they disclose them or explain them to you, the consumer. Right now many banks have very vague and convoluted descriptions and explanation on how the calculate their penalties and leave you mostly in the dark and at their mercy. …

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Giving Back: Right to Play Canada

110226 RIghtToPlay Wordmark

I have spent some time lately thinking about how I can “give back” with Mortgages That Dont Suck. There are so many wonderful charities here locally, as well as worldwide to get involved in. I have been trying to find one that I feel passionate about and feel a strong connection with. Through all reading I have done and talking …

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December Mortgage Newsletter

Mortgage Newsletter

Hey everyone, this is the last newsletter for this year. Inside you will find a small article about breaking your mortgage to take advantage of the low interest rates currently out there as well as a great Christmas themed joke! Hope you all have a very Merry Christmas and a Happy New Year!! Check out the newsletter here.

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October Mortgage Newsletter

This months mortgage newsletter is HOT off the press! To check it out click here.

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Prime rate update

Today the Bank of Canada met and as expected has not raised the prime rate. They also do not see it being moved up for a considerable amount of time in the future. This is great news for people who are in variable rate mortgages as well as those looking at getting into one! If you have any questions regarding …

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September Mortgage Newsletter

Hey everyone! My mortgage newsletter for September is out. Check it out here.

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Variable rate discounts

Over the past couple days a couple of the big banks (TD and RBC) have started to increase the discount they have on their variable rate mortgages. They are claiming that with how deep their current discounts are they are not profitable anymore for them. This is also in addition to the fact that none of the big 6 banks …

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