Is Interest Rate Differential Holding you Back from Refinancing your Mortgage Now at a Great Rate?

Many Canadians are wanting to take advantage of today's low mortgage rates, but are afraid of the high Interest Rate Differential penalty that their lending institution will impose should they refinance early.

However, homeowners should be doing a careful analysis before they completely reject a mortgage refinance based on the penalty charge...

Interest Rate Differential - The hidden cost of low interest rates.

Whatever happened to 3 months interest penalties?

We all know that interest rates are still at record lows, but how do you take advantage if you are currently in a fixed rate mortgage contract?  I'm sure you have heard horror stories of people being charged ten thousand dollars in penalties to break their mortgage contract - even as high...

You are no doubt asking yourself, is there such a thing as “good debt”?  The answer is emphatically YES and it is important to know the difference between the two.  In actuality, when used intelligently, debt can be of tremendous assistance.  So – if you are not sure, how can you tell which kind of debt you have?