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

How loans reduce purchasing power, DIY home repairs

Dear David, I have two loans that will be paid off in the next six months. Should I wait until they are cleared to sell my current house and buy a new one? – PLANNING AHEAD DEAR PLANNING: There’s no need to wait if you are ready to move now. The process of selling your

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