Do You Pay More Interest With a 35 Year Mortgage Than a 25 Year Mortgage?
This is common question: do you pay more interest on a 35 year mortgage than with a 25 year mortgage? Also common: are there any additional costs to a 35 year mortgage than a 25 year mortgage? The answers are “yes and no” to both, so we have to clarify where it applies. There is a lot of concern that if you take a 35 year mortgage you are paying more interest. The answer is that if all you do is make the minimum payments for 35 years or 25 years, then absolutely you will pay more interest.
Not All Mortgages are Created Equal
In British Columbia and Alberta you have a lot of options when it comes to renewing your mortgage or negotiating a new mortgage for a home owner purchase. You can ask Glen Kelleway of Kelleway Mortgage Architects to help you negotiate a better interest rates, better pre-payment options and better service. Kelleway Mortgage Architects are experts in helping their customers secure better borrowing options. They are licenses in British Columbia and Alberta. Competition has always brought bett
Lancaster Condo Hotel Manila open leasing options for Condotel rental tenants
Pacific Concord Properties, Inc. (PCPI) Lancaster Brand of Condotels in Manila, Philippines, have established a subsidiary in the name of Pacific Concord Property Management, Inc. (PCPMI) that is especially designed to manage condo leasing services for prospective tenants Beth Collingz, PLC International Marketing Networks sales director and lead marketing partners for the Lancaster Brand of Condotels in the Philippines said clients may now lease fully furnished, semi-furnished or unfurni
Open Mortgage versus Closed Mortgage - What is Each?
I have been taking a pile of calls from existing clients wanting an “open mortgage,” but when I ask them what about an open mortgage seems so attractive, they often aren’t entirely clear what it is they are asking for. The purpose of this post will be to clarify what an open mortgage versus a closed mortgage is, and to explain why most mortgages are NOT open. WHAT IS AN OPEN MORTGAGE? An open mortgage is one that can be paid off (or paid down) at any point in time, with no penalty. That’s
Foreclosures and Houses With Multiple Mortgages
Buying a foreclosure is a bargain, right? If you have been looking for a house for a while, you may have thought of this as an option to get more for your money. With Canadian mortgage rates at all time lows, many people are turning away from a Toronto refinance in exchange for selling their existing home and then buying a new one at the new, lower interest rate.
How Foreclosure Affects the Credit Rating
by Amy Nutt If you are struggling to pay your mortgage, in spite of the current low Canadian mortgage rates, you may be wondering how foreclosure will affect your life, and what alternatives are out there. Foreclosure has a serious and long-term effect on your credit history that you should understand before it happens. Foreclosure and Your Credit Score Foreclosure is one of the most damaging items you can have on your credit score, other than a bankruptcy, and it will stay on your score f
The Interest Rate Double Edged Sword
Selling your home can be difficult at the best of times, but for the most part if you have good information you can make good decisions. More and more we’re encountering situations where people who could sell and make a reasonalble return on their investment are having second thoughts because of the interest rate double edge sword. We're seeing a lot more buyers coming into the market while the inventory has dimmed from its bright heights of 2007 and 2008. One reason for this is that mortgag
Watch Out For “No Frills” or “Value” or “Basic” Mortgages with Great Rates but NO Flexibility
Well, it’s happening again… In a bid to get more mortgages, some lenders are now offering super low rates on their 5 year mortgage, but are eliminating the pre-payment flexibility and payment options in a quest to entice people to get their mortgages. For example, one lender is currently offering 3.59% on a 5 year mortgage. With everyone else at 3.69% or 3.79% it sounds like a great deal. As people, we like to have clear things that we base decisions on, and numbers represent something that we
Lancaster Suites Manila Philippine Condotel releases Buy to Let Investment Packages
Pacific Concord Properties, Inc., Flagship Lancaster Suites Tower I Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Philippine Condotel Investments now ready for occupancy has several Buy to Let purchase options available to real estate investors . Beth Collingz, PLC International Marketing Networks Sales Director and lead Marketing Partners for Pacific Concord Properties Inc’s Lancaster Brand of Philippine Condotels anticipa
Lancaster Cebu Condotel releases Buy to Let Investment Packages for serious real estate investors
A leading property investment marketing company believes the Philippines is one of the best places to buy rental income property at the moment . The current economic environment in the US and Europe has left investors wary about where to put their money due to recession and high inflation, according to Beth Collingz, overseas sales director of PLC International, lead marketing partners for Pacific Concord Properties Lancaster brand of condo hotel developments in the Philippines. US and
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