BEST MORTGAGES

When it comes to regular mortgages, for the most part the rates dictate who has the best mortgage. Any good mortgage broker can help you with this. If you have a good relationship with a certain financial institution by all means keep using them, but I suggest you keep them honest by getting quotes from others before you renew. Watch out for the penalties for pre-payments or refinancing. Any company that doesn't allow at least 20% prepayment, I would pass on.

For the Smith Manoeuvre, the requirements are much more extensive, and there are far fewer suitable products. Keep in mind that they change the programs frequently and new entrants can emerge at any time. At this point, there is no perfect product on the market – in fact, they are all pretty imperfect. For a more detailed discussion of what the perfect Smith Manoeuvre mortgage would look like, and what companies out there are offering mortgages that at least work with the Smith Manoeuvre, click on The Perfect Smith Manoeuvre Mortgage.