Mortgage Blogs – Tips & Tricks.
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Bank of Canada keeps rate steady; mortgage rates still super low
The Bank of Canada announced today that—unlike their cut to interest rates 6 weeks ago—they’re keeping interest rates steady at 0.75%, signalling to lenders that it’s not quite time for more change...
2 differences between banks and mortgage brokers
Canadians are discovering that there are 2 big differences between the big banks and a mortgage broker. 1. Banks offer only their own products. A bank can offer only their individual products and...
6 reasons not to sign your mortgage renewal notice
Did you recently receive a notice from your lending institution reminding you that it’s time to renew your mortgage? No matter how good the offer looks, don’t just sign it and send it back. Bring it...
Housing on the rise in Lethbridge for 2015. So far.
Canada Mortgage and Housing Corporation announced earlier this week that housing starts in the Lethbridge area are already off to a good start for 2015. Developers started 32 units last month...
How will the 0.15% prime rate reduction affect you?
Good news! Prime rate is decreasing by .15%! What does this mean to you and your mortgages, line of credit, or student loans? A lot of questions have come our way regarding the recent Bank of Canada...
Saving at the gas pump can affect your mortgage
The Bank of Canada announced last week that it’s cutting its key overnight lending rate by a quarter of a percentage point because of plunging oil prices. A combination of high supply and...
Bank of Canada lowers interest rate again!
Today, the Bank of Canada announced that it’s lowering its overnight rate target by ¼ of 1 percentage point to 0.75%. This effectively lowers the bank rate to 1% and the deposit rate to 0.5%....
No matter your life situation, there’s a Right Mortgage for you
Since Right Mortgage launched in 2007, thousands of Canadians have helped it become one of the mortgage industry’s most successful mortgage products with over $4 billion purchased by people just...
Why signing your renewal notice may be costing you more money
When it’s time to renew their mortgage, many homebuyers stay with the institution where they do all their banking. In the majority of cases, your lender will offer you a moderate discount over the...
How home equity can help your new year’s resolution
With the new year upon us, many people are thinking about making changes, and many of those changes are financial ones. How about you? Do you want to make changes to your financial life? Have...
