by RateSeer Staff

Transcend Credit Union

Did you know that Kentucky Telco Credit Union is now Transcend Credit Union?

by RateSeer Staff

FinovateFall 2017

On September 11-14, FinovateFall returns to New York to showcase the best, new innovations in fintech. This year's selection process was the most competitive yet, and we have been chosen to present! As part of RateSeer Technology Inc's network, we wanted you to be the first to know and we hope you will join us!

by Geoff Lee

How to Shop for a Mortgage

This article was originally published on the Dominion Lending Centres blog.
For many people, a home will be the largest purchase of their life. It stands to reason then, that when you are shopping around for your mortgage you will want to take certain steps to ensure you are getting the sharpest rate and best product. We have a few pointers to make you a savvy shopper when you are out looking at different mortgages – get ready to take a few notes.

1. Do not always rely on the bank for the sharpest rates
Mortgage Brokers can often beat the bank rates by using different lenders. They can also often get you a SHARPER rate at your own bank simply because of the high volume that they do with them. Brokers have access to a number of different lenders giving you more options for not only the best rate, but also the best product for you.

2. Know your credit score
Your credit score is a large factor in your mortgage application. You need to know where you stand with your credit BEFORE you begin the process of shopping. All lenders will look at your credit history and score first then they build a file around that. A mortgage broker can obtain your credit score in mere minutes - all you have to do is ask.

by Len Lane

Rate Increases and your ARM vs VRM

This article was originally published on the Dominion Lending Centres blog.

Some of you are going to ask what is an ARM and VRM? These two acronyms are mortgage speak for adjustable rate mortgage and variable rate mortgage. These two mortgage products are based both on the prime rate of interest, in most cases this is 2.70% at the bank. TD chose to be higher by .15% at 2.85% so it isn't controlled by the Bank of Canada. It is an individual financial institution policy.