Home Loan

Set and Variable Home finance loan Prices – Home finance loan Math #4 with RateHub.ca

– Set and variable property finance loan fees influence much more than your property finance loan payment. RedPath Monetary Home finance loan Broker Ian MacKay clarifies the discrepancies between the two.

ABOUT Home finance loan MATH:
No matter whether you are a to start with-time homebuyer or a veteran homeowner, learning the ins and outs of the house shopping for method and the Canadian property finance loan industry can be a huge undertaking. Produced by RateHub.ca and The Loop by Sympatico.ca, Home finance loan Math is an all-new video clip collection focused to providing viewers all of the information and facts and instruments required to navigate as a result of the globe of home loans and homeownership.

Featuring some of RateHub.ca’s ideal and brightest companions, you’ll not only discover about 7 distinctive areas of the house shopping for method — like how to qualify for a property finance loan, compare preset and variable fees, and calculate CMHC insurance coverage — but also abide by along as our professionals complete the relevant calculations in real-time on a whiteboard.

Observe THE OTHER Home finance loan MATH Videos:
1. How to Get a Home finance loan in Canada –
two. How to Determine Personal debt Service Ratios –
three. The RRSP Residence Buyers’ Plan –

4. Set and Variable Home finance loan Prices –
5. How to Determine CMHC Insurance coverage –
6. How to Determine Land Transfer Tax –
7. Home finance loan Payment Options in Canada –


  1. Best thing to do is save for the biggest down payment you can. Cash is king. Put down 20% not 5% like he mentioned. Borrow less, be debt free in life sooner than later. If you owe money I you're 60's you should be worried.

  2. Just a bunch of money hungry people trying to squeeze money out of people

  3. Could anyone suggest how to calculate the variable rate in excel when payment is given but no interest rate is given????

  4. So which is better? What does it depend on?

  5. Great video for those just getting started with looking at #mortgages . 
    TrueFi Mortgage Brokers

  6. now it's crystal clear, THANKS 🙂

  7. Thanks for clarifying this difference. Great video!


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