The Sophisticated Mortgage Strategy, That If Implemented Correctly, Could Benefit YOU By More Than $16,000 – The Alberta Prime Time TV Interview
The Sophisticated Mortgage Strategy, That If Implemented Correctly, Could Benefit YOU By More Than $16,000 – The Alberta Prime Time TV Interview

The Sophisticated Mortgage Strategy,
That If Implemented Correctly,
Could Benefit YOU By More Than $16,000
– The Alberta Prime Time TV Interview

June 1, 2010:  The Bank of Canada raises the prime interest rate by 25 basis points. Is this the end of the world?  In a rising interest rate environment what is the senior, yet simple, strategy you implement to pay yourself instead of the bank?

Watch this interview where Jefferson Humphries and I talk about:

  • Are there more interest rate increases coming and when?
  • Interest rates are rising. Knowing this, how can you take advantage of this information?
  • Should you lock-in your mortgages or stay variable?
  • What should you do if a) you are taking out a brand new mortgage or b) about 2 years into a current mortgage?

>> Click here to watch this interview on Alberta Prime Time

The Sophisticated Mortgage Strategy, That If Implemented Correctly, Could Benefit YOU By More Than $16,000 – The Alberta Prime Time TV Interview was last modified: June 4th, 2010 by admin
 

Tags: ,

One Response to “The Sophisticated Mortgage Strategy, That If Implemented Correctly, Could Benefit YOU By More Than $16,000 – The Alberta Prime Time TV Interview”

Kevin says:

June 4, 2010 at 11:43 pm

Hi Don,

I’ve created a model that pretty much arrives at your $16,000 savings. Could you clarifying your assumptions for rate of increase of the variable rate (e.g. 25 basis points, every four months)? My challenge, I have a pre-approval at 3.79%. When I plug that into the model rather than the 4.3% for 5-yr fixed, the $16,000 benefit evaporates. It’s about break-even depending on the rate of increase. I totally agree with the approach when comparing current variable to current fixed. The pre-approval at 0.5% below current rates is the double-edged sword – nice option, but makes the decision more difficult.

Thanks!

 
 
 

Recent Comments

Powered by Disqus

Additional Resources
 
Recent Posts
 

Stay Ahead of the Market Trends

Sign Up For FREE Newsletter

 
First Name :
Last Name :
Email :
Province :

Live Events
View All Events