Mortgage Blog
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Category: Mortgages (9 posts)
Understanding the Recent Bank of Canada Interest Rate Decrease: What It Means for Your Mortgage
October 25, 2024 | Posted by: Bailey Simner
Understanding the Recent Bank of Canada Interest Rate Decrease: What It Means for Your Mortgage On October 23rd, the Bank of Canada announced a decrease in its benchmark i ...
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Navigating Economic Challenges: Exploring Mortgage Amortization Extensions in the Face of Inflation and Interest Rate Shifts
December 14, 2023 | Posted by: Bailey Simner
n light of recent inflation trends and the potential conclusion of interest rate hikes by the Bank of Canada, Canadians are actively seeking effective ways to navigate the persistent challenges posed ...
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Navigating Your First Home Purchase: The Vital Role of Mortgage Brokers for First-Time Homebuyers
December 8, 2023 | Posted by: Bailey Simner
Buying your first home is an exhilarating journey, but it often comes with a myriad of challenges, particularly in the realm of mortgages. For first-time homebuyers embarking on the path to homeowne ...
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Navigating Mortgage Breaks: Understanding Penalties and Seeking Professional Guidance
December 8, 2023 | Posted by: Bailey Simner
Owning a home is a significant financial commitment, and sometimes circumstances arise that prompt homeowners to consider breaking their mortgage for a better rate or a complet ...
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Why it is Important to Check the Fine Print Behind No Frills, Discounted Mortgages
December 1, 2023 | Posted by: Bailey Simner
We are witnessing a surge in low-rate, no-frills mortgage promotions that may catch your eye, but it's crucial to scrutinize the fine print. These mortgages, while attention-grabbing, often come with ...
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The Importance of 'Conditional on Financing' in Times of Rising Interest Rates
October 11, 2023 | Posted by: Bailey Simner
Picture this scenario: You stumble upon your dream home and can hardly contain your excitement as you prepare to make an offer. However, there's a critical question to ponder: Should you include a fin ...
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When is the RIGHT TIME to Buy a Home?
August 31, 2023 | Posted by: Bailey Simner
When is the RIGHT TIME to buy a home??You've diligently accumulated funds for a down payment, secured a solid credit score, ensured stable employment, and even set aside money for closing costs and re ...
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Should You Spend the Full Mortgage Amount You're Approved For?
February 8, 2023 | Posted by: Bailey Simner
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
February 1, 2023 | Posted by: Bailey Simner
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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