With interest rates starting to trend down again, now’s a good time to start thinking ahead, especially if your mortgage renewal is coming up or you’ve been considering a move. A few small steps now can save you stress (and money) later. 🔔 Let’s break down a few key things to know. When you hear […]
A Purchase Plus Improvements Mortgage is a practical option for buyers considering homes that need renovations. Instead of passing on a property because it isn’t move-in ready, this program allows renovation costs to be included in the mortgage. With as little as 5% down, financing is available for up to 20% of the post-renovation value […]
Let’s talk about porting your mortgage. It sounds complex, but it’s actually a pretty simple concept that can make your home-buying experience much smoother. Porting your mortgage means transferring your existing mortgage—along with its current rate, terms, and balance—from your current home to the new one you’re purchasing. This can be a huge advantage, especially […]
So you’ve secured a rate and the rate dropped. What know? This is a conversation I have daily. Now I know when you are looking to refinance or obtain a new mortgage—one goal is usually top of mind: securing the lowest possible rate. Let’s face it, locking in a great rate can […]
As we begin a new year, it’s interesting to hear perspectives from various journalists and finance experts regarding what the forecast will deliver in the year ahead. I have put together a few highlights from various sources giving us a glimpse of what 2022 has in store for us. – The bank of Canada stated […]
Here’s MINE! – The fixed rate versus variable rate debate has never been more heated. With fixed rates currently averaging historical lows of roughly 2.25%, a lot of people are left wondering, “why wouldn’t I choose a fixed rate mortgage?” Fair enough – it certainly appears to be a safe bet on the surface. Lock […]