Jun 3, 2022 | Mortgage Refinancing, Mortgages
Recently, the Bank of Canada’s policy interest rate, also known as the overnight rate, has increased another 0.5%. This means that the Prime Rate of Canada has also increased, affecting credit cards, HELOCs, variable-rate mortgages, and auto loans. Most financial...
May 3, 2022 | Mortgage Brokers, Mortgage Refinancing, Variable Rate Mortgages
Like many other countries, Canada kept interest rates low and avoided increases during the pandemic. However, now that we’re moving towards a post-pandemic economy, those frozen rates are likely to start going up, and thanks to various problems around the world,...
Apr 29, 2022 | Interest rates, Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
When you’re shopping for mortgages, there’s a good chance you spend a fair amount of time looking at options. You might contact a variety of banks, credit unions, and finance companies. However, unless you’re talking to mortgage brokers too, you might be missing out...
Feb 22, 2022 | Credit, First Time Homebuyers, Mortgage Pre-Approvals
Buying your first home is exciting, exhilarating, and sometimes a little confusing. Which kind of mortgage is best? Should you try to save a bigger deposit or lower your budget slightly? More importantly, as a first-time homebuyer, do you qualify for Canada’s...
Jan 6, 2022 | First Time Homebuyers, Home ownership, Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
There’s nothing more exciting than owning a home. New Year’s Day has come and gone, and for many, there is a commitment to a New Year’s resolution. If your goal this year is to own a home, now is the best time to start planning. Buying a home is likely one of...
Dec 22, 2021 | Mortgage Brokers, Mortgage Refinancing, Mortgages
Life goes on, and eventually, you realize, wow, I am starting to rack up quite a bit of credit card debt. Sometimes, it can be as quick as needing an emergency fix on your car, or that last-minute Christmas shopping. When you are getting charged interest on purchases...
