This morning, the Bank of Canada announced that it will maintain its overnight rate at 5 per cent. In their statement, the Bank acknowledged that the Canadian economy seems to be experiencing excess supply, with … Read More
Mortgage Fraud Awareness month! Don’t be a victim!
Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial to safeguard your financial well-being. Understanding some of the more common mortgage fraud scams and how to protect … Read More
Mortgages funded by banks, explained!
A bank-funded mortgage refers to a home loan that is provided by a traditional bank or financial institution. In this type of mortgage arrangement, the bank lends money to the borrower to purchase a home, … Read More
Bank of Canada’s Decision: Why Interest Rates Remain Unchanged at 5%
The reasons in the blog, why Bank of Canada did not lower interest rates. Not a good news home buyers sitting on the fence.
The reasons home prices are climbing!
In the ever-shifting landscape of the real estate market, a curious trend has emerged. While mortgage interest rates are seeing a decline, home prices are steadfastly holding their ground, or even climbing in some areas. … Read More
MyMortgagepros private lender option!
When it comes to securing loans or mortgages, finding the right lender can make all the difference. Enter MortgagePRO Ltd. a group of direct lenders backed by over 125 investors, offering a unique approach to … Read More
Mortgage Renewals, good or bad news?
Are you gearing up for a mortgage renewal in 2024? Even if you’re not, we’ve got all the insider tips to ensure your mortgage renewal works for you! Don’t miss out on maximizing your financial potential. Learn more today.
Talk with your Mortgage about rising interest rates.
In the midst of the pandemic, many Canadians jumped at the chance to buy homes and refinance their mortgages at all-time low interest rates. Fast forward to today, and these rates have had a steep … Read More
Importance of Mortgage Default Insurance in Canada!
Mortgage funding, mortgage insurance, first second mortgages are not as easy as some thinks. As an expert to avoid costly mistakes.