ARCHIVED BLOG POSTS
2016
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
07/03/2016
Suing the Mortgage Broker for a Shortfall in the Appraisal We are still looking at the situation where Bill’s purchase comes in $170,000 over the appraisal. Should Bill sue his mortgage broker?It is possible to sue the mortgage broker. The mortgage broker should have canvassed the qualifications...
07/03/2016
Suing the Lawyer for a Shortfall in the Appraisal We are still looking at the situation where Bill’s purchase comes in $170,000 over the appraisal. Should Bill sue his mortgage brokerIt would be rare to find that the lawyer was consulted early enough to influence the decision. Most people contact...
07/03/2016
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Contact from a Former ClientQuestion:I acted for a couple when they bought their house. I was surprised to see that they went with a discount agent when they listed and sold. Now, there are problems and they want out of the deal. They contacted me but I don’t really know if I can speak with them....
07/03/2016
Well Pump Breaks within hours of Closing – Any Remedy?Question:The well pump broke within hours of the closing. The deal was “as is, where is”, what does that mean for the new Buyer, is there any remedy? Answer:Yes, there’s a good chance for recovery. It didn’t work that evening. That is fairly g...
07/03/2016
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.39% 2.29% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.49% 7 YEARS 5.30% 2.99% 10 YEARS 6.10% 3.59% Rates are subject to change without notice. OAC E&OE Prime Rate 2.70% 5 yr variable 2.30%
07/02/2016
Rainmaker
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Brian Madigan
LL.B., Broker
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