by WebDev | Oct 7, 2022 | First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates
Choosing a Mortgage That is Right for You When you buy a home, you may only be able to pay for part of the purchase price. The amount you pay is a down payment. To cover the remaining costs of the home purchase, you may need help from a lender. The loan you get from a...
by WebDev | Sep 16, 2022 | Getting a Mortgage, Market Updates, Rates
All About Variable Rates Variable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating or static payments. These payments have cheaper penalty when breaking your mortgage. The banks generally change their prime rates a few days...
by WebDev | Sep 9, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Increase of Prime Rates – What Does This Mean? With the increase of prime rates over the last few months, there’s a lot in question. Many people are questioning if they should have a fixed rate mortgage or a variable rate mortgage. There are many factors to consider...
by Aidan | Aug 29, 2022 | Rates
In recent weeks the fears of rising interest rates and a dooming recession being upon us is something that is catching the eye of Canadians country wide. The Bank of Canada rate increased in the beginning of July after a big inflation increase in June that saw...
by WebDev | Jun 20, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Guide To Getting A Mortgage A mortgage is a type of loan that is used to purchase or refinance property. A few basic features of a mortgage include the purchased property, which is always used as collateral, and regular payments to the lender are required. Mortgages...
by WebDev | Apr 24, 2022 | Getting a Mortgage, Mortgage Insurance, mortgage trends, Rates
Federal Budget Updates 2022 This bright industry is constantly evolving and growing at a rapid pace. In our previous Federal Budget Updates blog from 2019, we had discussed updates that were made to the CMHC First Time Home Buyer’s Incentive Plan and Home...
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