Many homeowners dread mortgage renewal time, especially when interest rates are rising as they are today.It means you’ll likely be resetting your mortgage at a higher rate, with higher monthly payments. But as always, you have options. Should you renew early to...
The big news in the mortgage world these days has been the steady increase in fixed mortgage rates. Since the start of the year, fixed rates have risen approximately one percentage point or 100 basis points. As a general guide, for every 0.25% increase in mortgage...
The Bank of Canada has just raised its key lending rate by 25 basis points, citing…This marks the first change to the Bank’s overnight target rate in two years and the first-rate hike since October 2018. In its statement accompanying the decision, the Bank said: “As...
Securing financing to purchase a home can be a major undertaking. This is even more true for first-time buyers and particularly in today’s housing market. Having a licensed and experienced professional on your side throughout the mortgage process can bring...
I’d like to wish you a very happy, healthy and prosperous 2022!Not many forecasters anticipated the extent of the housing market’s performance in 2021. The year ended with both home sales and average prices up over 20% compared to the previous year,...
You have worked your entire life and now you have entered or are entering your golden years. You are excited but at the same time, you may be apprehensive. You may be asking yourself if you will have enough money for your retirement. You may have a “bucket list” of...
