Facts about loan funds for mortgage building. Generally, Canadian borrowers focus on stability and security with financing at a fixed rate. However, in recent years, the decline in interest rates has increased the popularity of variable interest loans. Borrowers who prefer this option pay back their capital significantly faster. However, people should be tolerant of possible tariff variations.
This is where credit separation occurs. Separation of credit is about building profiles for borrowers to optimize their financing according to their reality. This only shows some of the funding to take risks. We have the option to place a portion of the loan variable and the other remains. This is a great way to take advantage of low interest rates while enjoying a fixed rate mortgage security.
According to a survey conducted in January 2010, the popularity of a combined mortgage rate, which offers mortgage segments including a fixed rate and floating rate mortgage, is on the rise. In fact, 40 percent of Canadians will buy a home within two years to choose a combined mortgage rate, compared with 32 percent in 2009, the survey revealed.
Loan split is very flexible and competitive. In addition, in Desjardins, allows the opening of a mortgage margin when the client reaches a loan-value ratio of less than 80% without a notary fee to pay. This allows them to have access to available credit at a low price during their loan term to finance various projects: cottage, renovation, vacation, study, car, etc.