About Paul Meredith

Paul Meredith is the author of the Amazon #1 best selling book, Beat the Bank – How to Win The Mortgage Game in Canada, and has ranked as one of the top 75 mortgage brokers in Canada since 2016. He was a finalist for Mortgage Broker of the Year in 2018, and can be seen as the exclusive mortgage broker on season two of TV’s Top Million Dollar Agent.

Is It Okay To Change Jobs Before Your New Mortgage Closes?

By |2019-11-13T16:54:47+00:00November 13th, 2019|Mortgage Rates|

New job opportunities can be exciting!  They typically offer a higher income, and more potential for growth.  But what happens if you’ve purchased a new home and are offered a new job prior to closing on your new home? This is not an uncommon situation.  Should you find yourself in this position, you’ll need to [...]

Results of This Morning’s Interest Rate Announcement

By |2019-10-30T15:29:23+00:00October 30th, 2019|Mortgage Rates|

Since late in the first quarter of the year, it’s been predicted that the Bank of Canada will be dropping rates this year.  The wait continues however, as the Bank of Canada announced this morning that they will be maintaining their overnight rate.  The overnight rate is what prime rate is based on. .  For [...]

Fixed Mortgage Rates Continue to Rise… But Why?

By |2019-10-23T16:00:13+00:00October 23rd, 2019|Mortgage Rates|

Since mid-winter, it’s been predicted that the Bank of Canada would be cutting their overnight rate this year.  The market has watched closely ever since, yet here we are in the fourth quarter and we have yet to see any movement. The next scheduled rate announcement will take place next week on October 30th. This [...]

Is the Toronto Real Estate Market Booming? The Answer May Surprise You!

By |2019-10-17T14:06:00+00:00October 16th, 2019|Mortgage Rates|

While the temperature drops, the housing market continues to gain strength. In September, home sales in the GTA were up 22% over the same month in 2018 with 7,825 total sales. In September 2018, there were 6,414 total sales. While this represents a strong increase, it’s still far off the record of 9,800 sales back [...]

Get Pre-approved For A Mortgage In 60 Seconds – Is This Really True?

By |2019-10-09T21:02:17+00:00October 9th, 2019|Mortgage Rates|

As technology continues to advance, I’m seeing more and more ads for quick mortgage approvals. Sometimes in as little as 60 seconds.  But how accurate is a pre-approval if it can be done in 60 seconds? If something sounds too good to be true, then it probably is.  And mortgage approvals are no different.  The [...]

Everything You Need to Know About Mortgage Refinancing

By |2019-10-02T18:02:49+00:00October 2nd, 2019|Mortgage Rates|

Anytime you replace your current mortgage with a new one you are refinancing. This is not to be confused with switching your mortgage, which is when you are simply transferring your existing mortgage balance to a new lender, while keeping your remaining amortization intact. What’s the difference? Switching involves keeping your mortgage balance and remaining [...]

Everything You Need to Know About Mortgage Prepayment Privileges

By |2019-09-25T19:40:54+00:00September 25th, 2019|Mortgage Rates|

A common goal for many mortgage borrowers is to get their mortgage paid off as soon as they can. Who doesn’t want to be mortgage-free? Pretty much all mortgages come with prepayment privileges, regardless of the lender. They are not created equal, however, so it’s important for you to have a good understanding of how [...]

Choosing the Right Mortgage Term

By |2019-09-18T16:08:46+00:00September 18th, 2019|Mortgage Rates|

The most common term length for a mortgage is five years, and this is typically the first option quoted by banks and brokers alike.  But is the five-year term really what is best for you? A few years ago, shorter-term mortgages carried lower rates than longer terms. When mortgage regulations changed in late 2016, the [...]

Increases to Fixed Mortgage Rates Coming… But Why?

By |2019-09-11T15:56:03+00:00September 11th, 2019|Mortgage Rates|

Earlier in 2019, it was predicted that we would see a rate drop from the Bank of Canada as late spring. Three scheduled rate announcements later and still no rate cut. Each time, the market has been closely watching in anticipation of a drop, however, the Bank of Canada remains reluctant to make any changes.  [...]

Was This Morning’s Interest Rate Announcement A Surprise?

By |2019-09-04T18:17:33+00:00September 4th, 2019|Mortgage Rates|

The mortgage industry was watching this morning's scheduled interest rate announcement from the Bank of Canada very closely. Economists were split as to whether we would see a cut, or whether the overnight rate would be maintained. In the last couple of weeks leading up to the announcement, it was looking more and more likely that the [...]