Offset Mortgages
 

I used to have a mortgage through the Woolwich, which was an offset style mortgage. Any penny in my current account or any of my "savings pots" was offset against my mortgage principal meaning I paid less in mortgage interest.

Is there an equivalent mortgage in Canada?

Can anyone recommend something similar and detail their experiences with the institution?

Thanks!

Re: Offset Mortgages
 

The one that i see all the time on TV here is

http://www2.manulifeone.ca/en/home/
Not sure if there is anymore

LB

Re: Offset Mortgages
 

I've heard about that, but I also hear that their interest rates are relatively high undoing the benefit of the offset.

Re: Offset Mortgages
 

http://www.redflagdeals.com/forums/w...ers-647071/44/

Red flag deals has a forum on it where personal finance is covered. It may be helpful to search around there.

HTH

(PS It helps to start at page one of the thread!)

Re: Offset Mortgages
 

Cool site! Thanks!

Re: Offset Mortgages
 

Talk to a Mortgage Broker. National Bank of Canada offers one called the "All in One".

Re: Offset Mortgages
 

You're very welcome!

I have got a number of deals though them - the freebie section is quite good. Good advice can be found there on all sorts of things.