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Category: Mortgage (23 posts)


Bank Of Canada Rate Update July 13, 2022

 

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate...

 
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Bank Of Canada Rate Update June 1, 2022

 

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ...

 
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How a Mortgage Pre-Approval Can Protect You from Rising Rates

 

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...

 
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How is a Private Mortgage Different Than a Traditional Bank Mortgage

 

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...

 
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Bank Of Canada Rate Update April 13, 2022

 

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% ...

 
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Bank Of Canada Rate Update March 2, 2022

 

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 continuin...

 
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Bank Of Canada Rate Update January 26, 2022

 

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½...

 
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Top 10 Questions to Ask Your Mortgage Broker in BC

 

Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces...

 
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How Much of A Mortgage Can You Afford?

 

How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage...

 
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Prequalification and Pre-Approval—What is the Difference? Home Buying in BC

 

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter...

 
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Bank Of Canada Rate Update December 9, 2021

 

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent an...

 
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What to do if You Are Denied a Mortgage

 

What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f...

 
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How to Know if it's Time to Refinance

 

How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits...

 
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Bank Of Canada Rate Update Oct 27, 2021

 

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with t...

 
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What Is Home Equity and How Can I Build It?

 

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen...

 
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Bank Of Canada Rate Update Sept 8, 2021

 

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun...

 
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Getting a Mortgage as a Student

 

Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is fo...

 
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What Happens if You Lose Your Job Before Closing?

 

A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not ...

 
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How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in BC

 

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with ...

 
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Bank Of Canada Rate Update July 14, 2021

 

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ perc...

 
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Risks of Putting Down a Firm Offer with a Pre-Approval BC

 

Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin...

 
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Low Rates in BC Helping Buyers Pay Off Their Mortgages at Record Pace

 

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today's average rates, 61% ...

 
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Bank Of Canada Rate Update June 9, 2021

 

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rat...

 
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