omro

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!

lancashirebird

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

omro

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

misplacedheidi

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!)

omro

Cool site! Thanks!

justkidding

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

misplacedheidi

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.