Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
Yesterday, the Bank of Canada (BoC) lowered its benchmark rate by 0.25% to 4.50%, offering rate relief to consumers and businesses.  Important: This only affects variable rates. Fixed rates won't drop by 0.25%. What Does This Mean for You?Â...
Here's how certain payment frequencies can save you money!  A lot of people think paying their mortgage bi-weekly vs. monthly saves a lot of money. The truth is, it only makes a big difference if you pay more. This is called "accelerating" your...
A Vendor Take-Back (VTB) mortgage is a type of mortgage where the seller of a property provides financing to the buyer. Instead of the buyer obtaining a mortgage from a traditional lender, the seller acts as the lender and extends a loan to the buyer...
Good news!! As was anticipated, the Bank of Canada lowered its benchmark interest rate by 0.25% (25 bps), bringing it to 4.75%. What Does This Mean for You? If you have a variable rate mortgage or line of credit, this reduction directly affects...
Is Your Mortgage Renewing Soon? Here's What You Need To Know:Are you ready for higher mortgage payments if your mortgage is renewing this year or next? Let’s break it down with a simple scenario to help you understand what to expect.Scenario:Â...
Are you buying a home? Do you need a mortgage for your home? If YES, it's important to keep your financial situation the same (or better) as it was when you got pre-approved for the mortgage.   A mortgage approval is dependent on meeting...