Blog

Merix Fiancial 50/50 Mortgage – the Best of Both Worlds

Not sure whether you want to take the full risk of selecting a variable rate mortgage in Toronto with an imminent rise in the prime rate on the horrizon over the next 24 months? Why not consider an innovative product offered by Canadian mortgage lender Merix Financial. The 50/50 mortgage. The Merix 50/50 Wise ...

Monday Mortgage Minute – Dec 7th 2009

Mortgage interest rates in Toronto have stayed fairly steady over the past week despite the increase to bond yields last Friday. Tomorrow the Bank of Canada will decide on whether to increase the prime rate. There is unanimous consent among economists that the prime rate will remain unchanged however it will be interesting to ...

Dough Bakery at 173 Danforth

Its not always about boring interest rates and mortgage stuff! Meet my neighbours downstairs. Dough Bakery opened autumn 2009 and ever since then the smell of freshly baked bread has filled my office driving me crazy when I’m hungry. Co-owner Benita talks about the concept, the menu and their amazing refurbished authentic espresso

How Does a Mortgage Broker Get Paid?

Week number 2 of “Ask a S.O.B”. This question didn’t come from a reader but is probably the question I most commonly get asked during the first conversation with a client. “How Does A Mortgage Broker Get Paid?” I think sometimes people are a little embarrassed or they feel it’s taboo to ask this ...

Fixed 5 Year Drop – 3.89%

Shortly after recording my Monday Market Minute… I received an e-mail from Merix Financial offering an exclusive group of Toronto mortgage brokers a deeply discounted fixed 5 year rate. 5 year fixed rate mortgage 3.89%! Call or e-mail me today so I can get you this excellent rate. Christopher Molder – Son Of A

Monday Mortgage Minute – Nov 30th 2009

My Monday Mortgage Minute for November the 30th. If you don’t see a rate that you are looking for or have a specific mortgage question email me here. 1 year fixed – 2.65% 3 year fixed – 3.50% 5 year fixed – 4.09% 3 year variable – Prime-.10% (2.15% effective rate) 5 year variable ...