mortgages Archives

Beneficios de los Brokers Hipotecarios

En el vertiginoso escenario inmobiliario canadiense, asegurar la hipoteca adecuada puede marcar la diferencia entre alcanzar tus objetivos de propiedad o quedar excluido. Si buscas una opción que no solo ofrezca flexibilidad financiera, sino también un servicio personalizado y tasas competitivas, entonces optar por un Broker Hipotecario es la elección inteligente. ¿Sabías? Según una encuesta… Continue reading Beneficios de los Brokers Hipotecarios

Unlocking the Benefits of Mortgage Brokers

In the whirlwind of the Canadian real estate scene, securing the right mortgage can be the difference between realizing your property goals or being left out in the cold. If you’re seeking an option that not only offers financial flexibility but also personalized service and competitive rates, then opting for a Mortgage Broker is the… Continue reading Unlocking the Benefits of Mortgage Brokers

Tips for Millennials Thinking of Buying a Home in Toronto and the GTA

Smiling couple relaxing on the sofa with a notebook hugging each other

Millennials are a big part of the reason why housing prices in Canada have been on an upswing. With 65% of millennials saving money with intent to buy, we want to assist you in your next step of purchasing real estate. It’s important to get information from the right mortgage professionals in Toronto and the… Continue reading Tips for Millennials Thinking of Buying a Home in Toronto and the GTA

What is the Difference Between a Fixed and Variable Interest Rate?

When you borrow money or make investments, one factor that determines the interest rate is your credit history. Your credit history shows lenders how likely you are to repay them if they lend money to you; it also helps determine the interest rate. There are two types of interest rates, either fixed interest rates or… Continue reading What is the Difference Between a Fixed and Variable Interest Rate?

What is Bridge Financing?

The financial term “bridge financing” is defined as the act of providing capital to extend the gap between the time your existing home is sold and your new property is purchased. Usually, people refer to this type of financing as a loan that can be paid off relatively quickly. However, it really comes in many… Continue reading What is Bridge Financing?

How Interest Rate Hikes Could Affect Canadians with Fixed-Rate Mortgages

Homeowners with existing mortgages may wonder how recent increases to the fixed-rate mortgage rates may affect their payment terms. Although current rates for existing fixed-rate mortgages won’t be affected, those mortgages will be impacted by higher rates when the mortgages are up for renewal. These interest rates on fixed-rate mortgages are impacted by interest rates… Continue reading How Interest Rate Hikes Could Affect Canadians with Fixed-Rate Mortgages

Experts Forecast a Shift in Canadian Home Prices

An increasing number of economic forecasts expect Canadian house prices to drop in the near term. Some of the forecasts are suggesting declines of around 25 per cent or more. The most recent report came from Capital Economics, which explained the surge in interest rates may pose a risk to the housing market. Some bond… Continue reading Experts Forecast a Shift in Canadian Home Prices

Mortgages Backed by Cryptocurrency? This Lending Startup Thinks It’s the Future.

Figure Technologies, a blockchain-based lending startup, recently unveiled their new crypto mortgage products. This range of financial products will allow borrowers to borrow against some of the most popular cryptocurrencies when financing a home. The unprecedented financing strategy allows borrowers to leverage their crypto assets for any amount up to $20 million for a 30-year… Continue reading Mortgages Backed by Cryptocurrency? This Lending Startup Thinks It’s the Future.

Many Canadians Looking to Get Mortgages Before Rates Increase Further

The Bank of Canada raised its benchmark interest rate by 0.5 per cent in early March and made it clear that more increases are coming. Tiff Macklem, the central bank’s governor said “the economy is now in a place where moving to a more normal setting for interest rates is appropriate,”: As a result, mortgage… Continue reading Many Canadians Looking to Get Mortgages Before Rates Increase Further

New Bank of Canada Rates are Impacting Canadians.

Following the Bank of Canada’s recent rate-tightening announcement, many Canadians with 5-year fixed mortgage rates are feeling the knock on impact. Many 5-year uninsured mortgages are now ranging between 3.39% and 3.79%. The result is that borrowers who secure a rate of 3.25% or higher are stress tested at their contracted rate and an additional… Continue reading New Bank of Canada Rates are Impacting Canadians.