Robert McLister·General·October 9, 2007Mortgage Bytes 90% of Canadians surveyed say they have more debt today than five years ago. 26% say they don’t worry about rising interest rates when borrowing money. What’s the most important mortgage feature? “Prepayment privileges would top my list,” says mortgage planner Paula Roberts. If you’re a first time home buyer and plan to use RRSP money for your down payment, make sure the money’s been in your RRSP for at least 90 days. Million dollar homes are losing cache (REM Online). Reader comment of the week CAAMP chairman Paul Grewal is starting a new alternative mortgage company called Street Capital. The company’s products will be available only through mortgage planners and will launch this fall. Will the Bank of Canada’s new governor lower Canada’s 2% inflation target? If he did, it could eventually have an upwards influence on interest rates. AIG United Guaranty is now offering $10,000 in identity theft insurance with mortgages it insures. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.