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Be Sure to Know Your Mortgage Renewal Options
Do you have a mortgage renewal coming up ? Now more than ever, borrowers are struggling with the mortgage landscape of rising rates, the high cost of living and economic uncertainty! There is no One Size Fits All mortgage so make sure you know YOUR options. There are...
When Will the Bank of Canada Stop Raising Rates?
When Will The Bank of Canada Stop Raising Rates? Attention Canadian Homeowners and Homebuyers! The Bank of Canada raised rates AGAIN September 7th, this time by three quarters of a percent, taking Prime rate to 5.45%! With interest rates on the rise, in fact a total...
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...
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