Mortgage Blog

Category: Mortgage (28 posts)

Strategies for Speeding Up Mortgage Repayment

June 3, 2023 | Posted by: Anil Kumar

Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a ...

First-Time Home Buyer Budgeting: What You Need to Know

April 20, 2023 | Posted by: Anil Kumar

As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...

Bank Of Canada Rate Update April 12, 2023

April 12, 2023 | Posted by: Anil Kumar

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4. ...

Bank of Canada Rate Update March 8, 2023

March 8, 2023 | Posted by: Anil Kumar

Selling Your Home in the Winter: How You Can Make the Most of It

March 5, 2023 | Posted by: Anil Kumar

Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...

Title insurance and home insurance–protect what matters most

February 27, 2023 | Posted by: Anil Kumar

When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ...

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

January 25, 2023 | Posted by: Anil Kumar

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...

Should You Spend the Full Mortgage Amount You're Approved For?

December 28, 2022 | Posted by: Anil Kumar

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

The Pros and Cons of Fixed vs. Variable Mortgages

December 8, 2022 | Posted by: Anil Kumar

When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

December 7, 2022 | Posted by: Anil Kumar

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...

Bank of Canada Rate Update October 26, 2022

October 26, 2022 | Posted by: Anil Kumar

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ...

Best Ways to Plan for Your Down Payment

October 19, 2022 | Posted by: Anil Kumar

Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...

How Mortgage Rates Affect Buying Power?

September 16, 2022 | Posted by: Anil Kumar

How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...

Bank Of Canada Rate Update September 7, 2022

September 7, 2022 | Posted by: Anil Kumar

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ...

Should You Pay Off Your Mortgage Early?

August 24, 2022 | Posted by: Anil Kumar

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...

Bank Of Canada Rate Update July 13, 2022

July 13, 2022 | Posted by: Anil Kumar

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ...

Bank Of Canada Rate Update June 1, 2022

June 1, 2022 | Posted by: Anil Kumar

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ...

How a Mortgage Pre-Approval Can Protect You from Rising Rates

May 26, 2022 | Posted by: Anil Kumar

With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ...

How is a Private Mortgage Different Than a Traditional Bank Mortgage

May 4, 2022 | Posted by: Anil Kumar

Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ...

Bank Of Canada Rate Update April 13, 2022

April 13, 2022 | Posted by: Anil Kumar

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ...

Bank Of Canada Rate Update March 2, 2022

March 2, 2022 | Posted by: Anil Kumar

Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ...

Bank Of Canada Rate Update January 26, 2022

January 26, 2022 | Posted by: Anil Kumar

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ...

Top 10 Questions to Ask Your Mortgage Broker in British Columbia

How Much of A Mortgage Can You Afford?

January 5, 2022 | Posted by: Anil Kumar

How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage ...

Prequalification and Pre-Approval—What is the Difference? Home Buying in British Columbia

December 15, 2021 | Posted by: Anil Kumar

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter ...

Bank Of Canada Rate Update December 9, 2021

December 8, 2021 | Posted by: Anil Kumar

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent ...

What to do if You Are Denied a Mortgage

November 24, 2021 | Posted by: Anil Kumar

What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f ...

How to Know if it's Time to Refinance

November 3, 2021 | Posted by: Anil Kumar

How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits ...

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