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  • What Is Prime Rate?

    By Boychuk Mortgage Group | Sep 16, 2022

    Prime rate is the benchmark rate that lending institutions use to determine lines of credit, mortgages, and personal loans.

    Click Here To Read The Full Article

  • What is the Bank of Canada?

    By Boychuk Mortgage Group | Sep 16, 2022

    Like the United States’ federal reserve, the Bank of Canada (BoC), is Canada’s central bank and is responsible for directing…

    Click Here To Read The Full Article

  • How Often Does the Bank of Canada Make Changes to Their Rate?

    By Boychuk Mortgage Group | Sep 16, 2022

    The BoC meets eight times each calendar year to analyze the Canadian economy and to decide on whether they should…

    Click Here To Read The Full Article

  • What Is an Adjustable-Rate Mortgage – ARM?

    By Boychuk Mortgage Group | Sep 16, 2022

    When working with a lender that offers an ARM product, your payment is NOT static on the day of closing,…

    Click Here To Read The Full Article

  • What Is a Variable Rate Mortgage – VRM?

    By Boychuk Mortgage Group | Sep 16, 2022

    When working with a lender that offers a VRM product, your payment will remain static on the day of closing,…

    Click Here To Read The Full Article

  • What is a Trigger Rate?

    By Boychuk Mortgage Group | Sep 16, 2022

    As interest rates on variable rate mortgage products increase, the payments do not change. There will be a point where…

    Click Here To Read The Full Article

  • What is a Trigger Point?

    By Boychuk Mortgage Group | Sep 16, 2022

    For a conventional VRM product, meaning a mortgage product with 20% or more in equity, the Trigger Point is when…

    Click Here To Read The Full Article

  • Is a Variable Rate Mortgage Similar to a Home Equity Line of Credit?

    By Boychuk Mortgage Group | Sep 16, 2022

    Somewhat! There is an initial approved total mortgage amount, the money is advanced, and there is an agreed upon monthly…

    Click Here To Read The Full Article

  • How Much Will My Variable Rate Payment Fluctuate?

    By Boychuk Mortgage Group | Sep 16, 2022

    If you currently have a mortgage, your payment will change approximately $12 - $13 for every $100,000 that you owe…

    Click Here To Read The Full Article

Recent Posts

  • What Is Prime Rate?
  • What is the Bank of Canada?
  • How Often Does the Bank of Canada Make Changes to Their Rate?
  • What Is an Adjustable-Rate Mortgage – ARM?
  • What Is a Variable Rate Mortgage – VRM?
  • What is a Trigger Rate?
  • What is a Trigger Point?
  • Is a Variable Rate Mortgage Similar to a Home Equity Line of Credit?
  • How Much Will My Variable Rate Payment Fluctuate?
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  • Bad Credit Mortgages & Alternative Financing
  • Bridge Financing
  • Co-Sign Mortgages
  • Commercial Mortgage Financing
  • First Time Home Buyer Mortgages
  • Fixed Rate Mortgages
  • Fixed Rate vs Variable Rate Mortgages
  • High Net Worth Mortgages
  • Home Equity Lines Of Credit
  • Home Equity Loans
  • Investment Property Mortgages
  • Mortgage Renewals
  • Multi Family Mortgage Financing
  • New Build Construction Mortgages
  • New To Canada Mortgages
  • Non-Resident & Foreign Income Mortgages
  • Pre-Approval Mortgage
  • Purchase Plus Improvement Mortgages
  • Real Estate Investing
  • Refinance Mortgage
  • Refinance To Consolidate Mortgages
  • Reverse Mortgages
  • Self Employed Mortgages
  • Separation Mortgages
  • Steps To Buying Your Next Home
  • Vacation & Second Home Mortgages
  • Variable Rate Mortgages

Contact Us

Cell: (778) 808-9944

2207 – 4650 Brentwood Boulevard, Burnaby, BC V5C 0M3

Email: Riley@boychukmortgages.ca

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  • Home
  • About
    • About
    • Articles
    • Blog
    • FAQ
    • Mortgage Glossary Terms
    • Trigger Rates Explained
    • Why Boychuk Mortgage Group
  • Services
    • Services
    • Bad Credit Mortgages & Alternative Financing
    • Bridge Financing
    • Co-Sign Mortgages
    • Commercial Mortgage Financing
    • First Time Home Buyer Mortgages
    • Fixed Rate Mortgages
    • Fixed Rate vs Variable Rate Mortgages
    • High Net Worth Mortgages
    • Home Equity Lines Of Credit
    • Home Equity Loans
    • Investment Property Mortgages
    • Mortgage Renewals
    • Multi Family Mortgage Financing
    • New Build Construction Mortgages
    • New To Canada Mortgages
    • Non-Resident & Foreign Income Mortgages
    • Pre-Approval Mortgage
    • Purchase Plus Improvement Mortgages
    • Real Estate Investing
    • Refinance Mortgage
    • Refinance To Consolidate Mortgages
    • Reverse Mortgages
    • Self Employed Mortgages
    • Separation Mortgages
    • Steps To Buying Your Next Home
    • Vacation & Second Home Mortgages
    • Variable Rate Mortgages
  • Mortgage Calculator
    • Mortgage Calculator
    • Cash Flow Analysis – Monthly Budget
    • Cash Flow Calculator – Rental Properties
    • Closing Cost Calculator
    • Fixed vs Variable Calculator
    • Land Transfer Calculator
    • Purchase Calculator
  • Testimonials
  • Resources
  • Contact Us