Mortgage Tips: Brokers Value-Packed Services

Posted On Aug 13, 2024

Here's what I can do with my value-packed mortgage services:I work with numerous mortgage lenders—including big banks like TD and Scotiabank—to find the perfect mortgage in one easy stop!Here’s how I can help:First-Time BuyersUp-sizing or...

BREAKING NEWS:

Posted On Jul 25, 2024

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...

Mortgage Tips: Payment Frequency Facts

Posted On Jul 18, 2024

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...

Mortgage Tips: Vendor Take-Back Mortgage (VTB)

Posted On Jul 03, 2024

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...

BREAKING NEWS: Bank of Canada cuts its overnight target rate to 4.75%

Posted On Jun 06, 2024

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...

Mortgage Tips: Managing Higher Mortgage Payments

Posted On Jun 04, 2024

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...