The Mortgage Centre - Cobourg

08/20/2026

Bond yields continue to flirt with their 52 week high.

What does this mean? Fixed rates have been edging ever so slightly upwards since March. With some ups and downs along the way.

Some banks have already increased their rates again this week. Modestly, often 0.10% at most.

However, every small modest increase adds up. If you’re a borrower already, maybe thinking of your renewal in the next year, moving or refinancing - now is the time to plan. My team can make that plan a reality.

It’s what we do, working to save people as much money as possible.

Find out your plan today and book a free, no obligation, consultation through my booking link below.

//The Mortgage Centre - Cobourg
1B-609 William Street

John Greenlee
Accredited Mortgage Professional
Mortgage Agent, Level 2
Lic M10000667

☎️905-377-1684
📱905-999-4787
👩‍💻 https://linktr.ee/jgmortgage

Durhammortgage. com Ltd.
FSRA 10231
Each Office is Independently Owned and Operated//

08/14/2026

Mortgage Penalties can be a wild thing to calculate.

This afternoon I have calculated two that were very different, but similar.

Both mortgages are 5 year fixed rate terms taken in 2023. Both started around the same time. The differences are - a slight difference in rate, big difference in mortgage balance, different banks.

A higher mortgage balance equals a higher penalty right? You’d think so, but see below.

1- owes about $863,000 and has 2 years left on their term, fixed rate. Penalty $9,911 as of today.

2- owes about $674,535 and has 2 years left on their term, fixed rate. Penalty $17,150 as of today.

The answer for this is simple, not every lender charges penalties the same. Borrower 1 above has an opportunity to save about $8,400 on their mortgage by making a change.

Borrower 2 above does not have the same opportunity. The larger penalty evaporates any potential savings, despite the smaller mortgage amount. They might see a savings opportunity in January 2027.

Do you have questions about your mortgage? Would you like to see if you can save on your mortgage now or in the future?

//The Mortgage Centre - Cobourg
1B-609 William Street

John Greenlee
Accredited Mortgage Professional
Mortgage Agent, Level 2
Lic M10000667

☎️905-377-1684
📱905-999-4787
👩‍💻 https://linktr.ee/jgmortgage

Durhammortgage. com Ltd.
FSRA 10231
Each Office is Independently Owned and Operated//

John Greenlee, AMP - Mortgage Agent, Level 2, Lic M10000667. FRSA 10231

08/14/2026

If you have a home in Port Hope - this is important.

Speak with CNL staff about recent changes to the legal agreement at our drop in session next Wednesday August 19!

Discutez avec le personnel du CNL des récents changements apportés à l'accord juridique lors de notre séance de mise en place le mercredi prochain 19 août !

08/13/2026

Movies under the Stars - Superman is taking over Cobourg Beach tomorrow evening (Thursday, August 13)! Bring your chair, blanket and snacks and settle in for Movie Under the Stars with the Man of Steel lighting up the big screen. 🌟

Grab your crew, claim your spot on the beach and get ready for a super summer night in Cobourg! ☀️🌊🦸‍♂️

Screening are presented with support from The Mortgage Centre - Cobourg and Mistral Group.

08/11/2026

08/03/2026

It is looking like a great night on Cobourg Beach for movies in the park. Brought to you by Experience Cobourg and sponsored by Mistral Group and ourselves!

We hope to see you there!

07/31/2026

Two movies, one awesome weekend!

07/23/2026

Important notice for those in Northumberland County ⤵️

If it's packaging, it's recyclable!
All packaging goes into your blue and grey boxes.

Chip bags, wrappers (all kinds), pet food bags, plastic bags (all kinds), yogurt tops, k-cups, t-discs, styrofoam (all kinds), and more.

Remember, if it's packaging. It's recycling. Visit https://www.circularmaterials.ca/resident-communities/northumberland-county/ for more information.

07/15/2026

This mornings announcement - as widely expected - NO CHANGE. For now, the Bank of Canada will not change it's interest rate. This means variable and adjustable rates will remain as they were for those who have them.

Automatically view the rate announcement the moment it is published.