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Should I Still Buy in this Real Estate Market?
Should You Still Buy A Home in this Market? Every market comes with opportunity, like right now when there are fewer buyers driving up demand! In some markets, we are also seeing prices soften. Yes, interest rates are higher than usual but your mortgage and rate can...
With Prime Rate Increases, What Are Your Options for Your Variable Rate Mortgage?
? With Rising Mortgage Rates, What Are Your Options For Your Variable Rate Mortgage With the Bank of Canada raising prime rate again, and further increas(es) expected, variable rate mortgage holders are asking about options! - Stay put, ride it out until rates...
Mortgage Tip- Shop Now For Your Mortgage Renewal
What do you do if you have a mortgage renewal coming up? With mortgage rates on the rise, I advise not waiting for your lender to send you a renewal notice. Shop now and shop early! You can actually set your new rate 120 days prior to your renewal date and offers...
Will rising mortgage interest rates affect your mortgage qualification?
Will rising mortgage interest rates affect your mortgage qualificaiton? It is very possible. As rates go up, so too does the stress test rate that I have to use. The stress test is the greater of 5.25% or the contract rate + 2%. For example, if you are wanting a fixed...
EXPECT A 75 POINT INCREASE TO PRIME RATE JULY 13, 2022- VARIABLE RATE MORTGAGE HOLDERS
VARIABLE RATE MORTGAGE HOLDERS If you are currently in a variable rate mortgage, I wanted to give you this update prior to the next Bank of Canada meeting July 13th! At this point, we can fully expect a 75 basis point hike, the highest we have seen in decades, taking...
Does it Pay to Be a Home Owner Vs. Renting?
Do you ever wonder if you homeownership is right for you and if Homeownership put you ahead financially compared to renting.
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