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OUR HOUSE FALL 2017 Dominion LenDing Centres
Understanding Your
Mortgage
rate t
here has been a lot of concern
this year over interest rates,
with the Bank of Canada
raising rates for the first time in
seven years this past July and again
in september. But depending on
your circumstances, what the
central bank does may not even
affect you. A variety of factors go
into determining the rate of interest
you pay on your mortgage. Here are
the 10 most important.
10 factors that affect
the interest you pay
on your home loan
By Geoff Lee
geoFF Lee
is a licensed mortgage
broker with DLC in
Abbotsford, B.C.
tooLBoX