Forget everything you thought you knew about the benefits of taking a variable rate mortgage instead of locking in the long term.

A new study suggests that the security of a mortgage for five years little or nothing beyond an increased risk of variable rate mortgage, provided you have a discount rate jumbo firms.

“The interests of discount mortgages closed five years were approached, and often lower than variable rate mortgages since late 1996,” senior Canada Mortgage and Housing economist Ali Manouchehri writes in the study.

The owners have an adjustable rate mortgage popular in recent years in the belief that you can save on interest costs by linking their interest rates on mortgage lending rate of your capital. As the premium increases, or as has generally increased in recent years has fallen, so goes your mortgage rate. Read the rest of this entry »

Reverse mortgages are one of the safest Senior ever created. Allows seniors to take steps to secure their homes with a decent interest rate and never make a payment. Here are 10 reasons why the reverse mortgage is a great product for the elderly and remains one of the safest products on the market. Read the rest of this entry »