Ask David

What is a trigger rate?

Dear David, We picked a variable rate mortgage last fall when we were arranging our financing. Now we are hearing about something called a “trigger rate”. How might that affect us? – TRIGGERED DEAR TRIGGERED: Trigger rates affect some mortgage holders, but not others. If you’ve locked in your interest rate with a fixed-rate mortgage,

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Ask David

Buying a multi-generational home

Dear David, My son and I have started discussing selling our respective homes (he’s in a semi, I have a condo) and purchasing property we can share. He has a wife and two young children. I’m single. Is there anything in particular we need to consider? – LOOKING AHEAD DEAR LOOKING: As prices and interest

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Ask David

Leak in a finished basement, How interest rate changes affect value

Dear David, With the spring thaw, we are nervous about a foundation leak. Our basement is finished, how can we tell if we have an issue? – WATERMARK DEAR WATERMARK: If you see evidence of a leak, a finished basement can make it harder to identify the source, but there will be clues. Don’t tear

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