Danny Bell
Mortgage Broker - M13001996
danny.bell@premieremortgage.ca
Tel: 888-561-2525 | Cell: 289-200-9061
At 10am this morning (Dec 7, 2022), the Bank of Canada raised its overnight target rate by 50 basis points, bringing it to 4.25%. This mean banks and other financial institutions are expected to raise their Prime Rate in the coming days to 6.45%,...
It is important to understand that Fixed rate and Variable rate mortgages are based on different "money markets". When the news/media says the Bank of Canada is raising rates, that change will directly impact Variable rate mortgages and Lines of...
3 TIPS TO HELP SAVE MONEY!1) PLAN YOUR BUDGET- Physically writing your monthly income and expenses shows exactly where your money is being spent- Keep ALL bills/receipts for the next 3 months to track your expenses (mortgage, groceries, gas,...
I took a look into a cost comparison of home prices, mortgages and incomes in 1992 vs 2022 to help get a perspective on the current economic climate that young homeowners are facing now vs then....it is quite staggering.*This chart is for...
There's an estimated 0.50% increase to the Prime Rate expected on October 26 and likely another estimated 0.50% in January 2023. These projections are not guaranteed but based on mortgage and economic industry buzzword, this is the...
How Much Is A Monthly Mortgage Payment? Based on today's (September 27, 2022) current, average 5 year fixed rate @ 5.09% with a 25 year amortization, the monthly payment is as follows:$100,000 mortgage = $586.74/month$200,000 mortgage = $1,173...
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
Learn More