My Perfect Mortgage

My Perfect Mortgage

1 Year Fixed 1.99%
3.20% 3 Year Variable
5 Year Fixed 1.79%
1.70% 5 Year Variable
10 Year Fixed 2.99%
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Balance Sheet vs. Non Balance Sheet

October 24, 2013

Balance Sheet vs. Non Balance Sheet

A “Balance Sheet Lender” is any chartered bank in Canada. They are referred to as “Balance Sheet Lenders” because they hold your mortgage on their books as an asset. These Lenders can only increase the value of their asset (your mortgage) by increasing the spread between their cost of funds and the rate at which you pay interest on your mortgage.

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