Mortgage Blog
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Category: Mortgage (31 posts)
Paying off your mortgage early - The Pros and Cons
April 10, 2024 | Posted by: Jyoti Saroha
Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai ...
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April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening
April 10, 2024 | Posted by: Jyoti Saroha
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank ...
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The Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
March 27, 2024 | Posted by: Jyoti Saroha
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding ...
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Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score
March 20, 2024 | Posted by: Jyoti Saroha
Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
March 6, 2024 | Posted by: Jyoti Saroha
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ...
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Managing Your Mortgage Renewal in a High-Rate Environment
February 10, 2024 | Posted by: Jyoti Saroha
Hello homeowners. With interest rates higher than they have been in many years, many of you might be anxious about your upcoming mortgage renewal. It's completely understandable, and you're not alon ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
January 24, 2024 | Posted by: Jyoti Saroha
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ...
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Navigating High Interest Rates: Strategies for New Home Buyers Across Canada
December 19, 2023 | Posted by: Jyoti Saroha
Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This ...
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Navigating Your Mortgage: Practical Tips from the Experts
December 14, 2023 | Posted by: Jyoti Saroha
Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
December 6, 2023 | Posted by: Jyoti Saroha
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The ...
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Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape
December 3, 2023 | Posted by: Jyoti Saroha
In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ...
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Canada's New Updated Mortgage Charter
November 23, 2023 | Posted by: Jyoti Saroha
The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y ...
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Understanding Fixed vs. Variable Rate Mortgages
November 15, 2023 | Posted by: Jyoti Saroha
If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i ...
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6 things to know about capital gains and taxes for people across Canada
November 2, 2023 | Posted by: Jyoti Saroha
So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show ...
read moreBank Of Canada Rate Update October 25, 2023
October 25, 2023 | Posted by: Jyoti Saroha
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5% ...
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Mortgage Strategies in a Rising Interest Rate Environment
October 24, 2023 | Posted by: Jyoti Saroha
Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ...
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Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?
October 6, 2023 | Posted by: Jyoti Saroha
Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021 ...
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Understanding and Utilizing Home Equity
October 1, 2023 | Posted by: Jyoti Saroha
If you've consistently made mortgage payments over the years, you've been accumulating home equity. As this equity grows, homeowners can access it, converting it into cash for various purposes, from h ...
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Can a first-time home buyer have a mortgage co-signer?
September 17, 2023 | Posted by: Jyoti Saroha
Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tact ...
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Bank of Canada maintains policy rate, continues quantitative tightening
September 6, 2023 | Posted by: Jyoti Saroha
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Infl ...
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Top Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.
August 23, 2023 | Posted by: Jyoti Saroha
Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as ...
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Navigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience
August 5, 2023 | Posted by: Jyoti Saroha
Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation p ...
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Understanding Credit Scores and Maximizing Mortgage Opportunities in Canada
July 27, 2023 | Posted by: Jyoti Saroha
Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical r ...
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Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
July 12, 2023 | Posted by: Jyoti Saroha
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. G ...
read moreSome great tips to help you save for a home
June 13, 2023 | Posted by: Jyoti Saroha
A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for ...
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Strategies for Speeding Up Mortgage Repayment
June 3, 2023 | Posted by: Jyoti Saroha
Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a ...
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First-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Jyoti Saroha
As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...
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How a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Jyoti Saroha
With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ...
read moreHow is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Jyoti Saroha
Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ...
read moreBank Of Canada Rate Update April 13, 2022
April 13, 2022 | Posted by: Jyoti Saroha
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ...
read moreBank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: Jyoti Saroha
Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ...
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