Mortgage Blog
Your Trusted Vancouver Island and across Canada Mortgage Broker
Category: Mortgage (92 posts)
With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?
September 6, 2024 | Posted by: Greg Clifford
With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage?* The simple answer? It could be! But as with most financial decisions, a few factor ...
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Sept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%
September 4, 2024 | Posted by: Greg Clifford
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. ...
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How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?
August 23, 2024 | Posted by: Greg Clifford
As a Canadian homeowner, you're probably hearing a lot of buzz about falling interest rates. You might be wondering, "Is this the right time to refinance my mortgage?" The short answer is, it could be ...
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How bond yields impact fixed mortgage rates
August 21, 2024 | Posted by: Greg Clifford
In the ever-evolving landscape of mortgage financing, it's crucial to understand how external financial factors can influence mortgage rates. One significant factor is the bond market, both in Canada ...
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What are Alternative Mortgage Lenders?
August 8, 2024 | Posted by: Greg Clifford
In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play ...
read moreJuly 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%
July 24, 2024 | Posted by: Greg Clifford
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. ...
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7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home
July 8, 2024 | Posted by: Greg Clifford
Purchasing a cottage or vacation home can be an exciting venture, offering a perfect getaway from the hustle and bustle of city life. However, it's essential to approach this purchase with careful con ...
read more7 Smart Strategies to Help Save Money on Your Mortgage
June 21, 2024 | Posted by: Greg Clifford
Hello, and welcome to our blog! If you're reading this, chances are you're looking for ways to make your mortgage more manageable. Whether you're a first-time homebuyer or a seasoned homeowner, findin ...
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How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians
June 7, 2024 | Posted by: Greg Clifford
How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two ye ...
read moreJune 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points
June 5, 2024 | Posted by: Greg Clifford
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. ...
read moreWhen to Consider a Private Mortgage: A Guide for Canadian Homebuyers
May 23, 2024 | Posted by: Greg Clifford
Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For ...
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Home improvement: Which projects boost your property value?
May 9, 2024 | Posted by: Greg Clifford
For many homeowners, home improvements aren't just about creating a more comfortable living space - they're also key to boosting property value. Here are the home improvement projects that offer the h ...
read more5 Great Ways to Improve Your Credit Score
May 8, 2024 | Posted by: Greg Clifford
As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu ...
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RRSP Home Buyers Plan
April 24, 2024 | Posted by: Greg Clifford
In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for ...
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Paying off your mortgage early - The Pros and Cons
April 10, 2024 | Posted by: Greg Clifford
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: Greg Clifford
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 ...
read moreThe Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
March 27, 2024 | Posted by: Greg Clifford
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: Greg Clifford
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 moreTime to spring forward with your mortgage goals!
March 8, 2024 | Posted by: Greg Clifford
As the days grow longer, we warmly welcome the arrival of spring – a season of renewal and growth. Just as we set our clocks forward for daylight saving time, it's a perfect moment to take proactive ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
March 6, 2024 | Posted by: Greg Clifford
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: Greg Clifford
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 moreRRSP contributions, home equity, and mortgage strategies to build wealth
February 9, 2024 | Posted by: Greg Clifford
As we find ourselves in the midst of RRSP season, it's an opportune time for homeowners like you to evaluate how your property can be a pivotal asset in boosting your financial growth. The deadline fo ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
January 24, 2024 | Posted by: Greg Clifford
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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Bank of Canada's 2024 Outlook: A Year of Consideration
January 15, 2024 | Posted by: Greg Clifford
Bank of Canada's 2024 Outlook: A Year of Consideration Happy New Year! I hope you had a wonderful holiday season and are ready to embark on a prosperous 2024. As we usher in the new year, I want to ...
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Should I break my mortgage early?
January 3, 2024 | Posted by: Greg Clifford
The house you've had your eye on for years comes up for sale and you jump at it, interest rates have dropped or another lender is offering you what appears to be a better deal, you've recently gone th ...
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Navigating High Interest Rates: Strategies for New Home Buyers Across Canada
December 19, 2023 | Posted by: Greg Clifford
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 ...
read moreNavigating Your Mortgage: Practical Tips from the Experts
December 14, 2023 | Posted by: Greg Clifford
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 ...
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Exploring Mortgage Amortization Extensions
December 7, 2023 | Posted by: Greg Clifford
Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada the slack that it needs to hit ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
December 6, 2023 | Posted by: Greg Clifford
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: Greg Clifford
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 ...
read moreCanada's New Updated Mortgage Charter
November 23, 2023 | Posted by: Greg Clifford
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: Greg Clifford
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 ...
read moreHome Equity: Refinancing or Second Mortgage
November 9, 2023 | Posted by: Greg Clifford
Home Equity: Refinancing or Second Mortgage Considering the 2023 housing market's dynamics, with its high interest rates and market unpredictability, let's discuss the significance of home equity. ...
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6 things to know about capital gains and taxes for people across Canada
November 2, 2023 | Posted by: Greg Clifford
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: Greg Clifford
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: Greg Clifford
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: Greg Clifford
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: Greg Clifford
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: Greg Clifford
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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Demystifying Credit Scores
September 7, 2023 | Posted by: Greg Clifford
These days, like so many things, your credit score is easily accessible and free. Not so long ago, the only way to see your credit score was to obtain a copy of your credit report, which involved subm ...
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Bank of Canada maintains policy rate, continues quantitative tightening
September 6, 2023 | Posted by: Greg Clifford
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: Greg Clifford
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 ...
read moreNavigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience
August 5, 2023 | Posted by: Greg Clifford
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: Greg Clifford
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: Greg Clifford
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 moreSmart move: bridge financing provides a smooth transition between mortgages
July 11, 2023 | Posted by: Greg Clifford
Summer is officially in full swing which means vacation time, backyard barbecues, pool parties, etc., but summer is also "moving season". If you're one of the many Canadians who will be moving t ...
read moreSome great tips to help you save for a home
June 13, 2023 | Posted by: Greg Clifford
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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Renewing in a higher rate environment
June 9, 2023 | Posted by: Greg Clifford
I've been getting a lot of questions lately about mortgage renewals – not surprising, given the steady rise of mortgage rates over the last couple of years. People with mortgages renewing in 2023 an ...
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Strategies for Speeding Up Mortgage Repayment
June 3, 2023 | Posted by: Greg Clifford
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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Learning about the new First Home Savings Account (FHSA) program
May 15, 2023 | Posted by: Greg Clifford
With the market starting to stabilize, and in many markets housing prices starting to rise again, maybe you or someone you know is looking at purchasing their first home before home prices rise too mu ...
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First-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Greg Clifford
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 ...
read moreBank Of Canada Rate Update April 12, 2023
April 12, 2023 | Posted by: Greg Clifford
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4. ...
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What first-time homebuyers can expect with the new tax-free First Home Savings Account
April 5, 2023 | Posted by: Greg Clifford
Since it was proposed in the 2022 Federal Budget, we've learned more details about this exciting new program aimed at helping first-time homebuyers purchase a home. The bill is ...
read moreFour Ways to Take Control and Thrive in a Challenging Market
March 9, 2023 | Posted by: Greg Clifford
If you're struggling financially as a result of increased living expenses and interest rates, you are not alone. A lot of Canadians are feeling a little helpless these days, with talk of rising intere ...
read moreBank of Canada Rate Update March 8, 2023
March 8, 2023 | Posted by: Greg Clifford
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at ...
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Selling Your Home in the Winter: How You Can Make the Most of It
March 5, 2023 | Posted by: Greg Clifford
Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...
read moreTitle insurance and home insurance–protect what matters most
February 27, 2023 | Posted by: Greg Clifford
When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ...
read moreWhere is the housing market going in 2023?
February 10, 2023 | Posted by: Greg Clifford
With 2023 underway, and the latest Bank of Canada rate increase to 4.5%, combined with the stress of the increased cost of living on Canadian households, the questions that are on everyone's minds are ...
read moreBank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Greg Clifford
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...
read moreThis year create financial resolutions that you can stick to
January 5, 2023 | Posted by: Greg Clifford
A new year brings a host of new year's resolutions. It's very common for people to make these resolutions around family, friends, eating better, or even the cliché going to the gym more. This year, e ...
read moreShould You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Greg Clifford
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read moreThe Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Greg Clifford
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...
read moreThe Pros and Cons of Locking In your Mortgage Rate
December 8, 2022 | Posted by: Greg Clifford
The Pros and Cons of Locking In The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hik ...
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Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Greg Clifford
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...
read moreThinking of buying? Don't be put off by high rates.
November 3, 2022 | Posted by: Greg Clifford
2022 has already been tough on Canadians' wallets, and recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and on October 26 the Bank of Canada further r ...
read moreBank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Greg Clifford
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 3.75%, with the Bank Rate a ...
read moreBest Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Greg Clifford
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...
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A fresh look at the opportunities in today's housing market from a mortgage perspective
October 11, 2022 | Posted by: Greg Clifford
When news reports present a consistently gloomy view of rising rates and the distinctly negative impact on the housing market, it's easy to feel discouraged. But the news frequently doesn't tell the f ...
read moreHow Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Greg Clifford
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...
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A look at how rate increases impact different mortgage types
September 8, 2022 | Posted by: Greg Clifford
With inflation at its highest level in almost 40 years, the Bank of Canada continues to take drastic action to cool the economy with the latest of five consecutive rate increases announced on Septembe ...
read moreBank Of Canada Rate Update September 7, 2022
September 7, 2022 | Posted by: Greg Clifford
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ...
read moreShould You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Greg Clifford
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...
read moreBudgeting for Inflation
August 4, 2022 | Posted by: Greg Clifford
If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of consumers' economic worries f ...
read moreBank Of Canada Rate Update July 13, 2022
July 13, 2022 | Posted by: Greg Clifford
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 ...
read moreMortgage Fundamentals for Home Purchases
July 7, 2022 | Posted by: Greg Clifford
Mortgage Fundamentals for Home Purchases With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit ...
read moreMortgage Fundamentals for Home Purchases
July 7, 2022 | Posted by: Greg Clifford
With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit some mortgage fundamentals to ensure you' ...
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How Rising Rates Can Affect Your Mortgage
June 3, 2022 | Posted by: Greg Clifford
The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary polic ...
read moreBank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: Greg Clifford
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 ...
read moreHow a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Greg Clifford
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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The Tax Free First Home Savings Account (FHSA) explained
May 5, 2022 | Posted by: Greg Clifford
The Tax Free First Home Savings Account (FHSA) explained If you or someone you know is saving for a down payment on their first home, the Federal government announced a new program aimed at first-tim ...
read moreHow is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Greg Clifford
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: Greg Clifford
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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Higher Interest Rates are Here. What Does That Mean for You?
March 9, 2022 | Posted by: Greg Clifford
The Bank of Canada has been signaling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight rate by 0.25%. H ...
read moreBank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: Greg Clifford
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 ...
read moreBank Of Canada Rate Update January 26, 2022
January 26, 2022 | Posted by: Greg Clifford
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 ...
read moreTop 10 Questions to Ask Your Mortgage Broker in British Columbia
January 19, 2022 | Posted by: Greg Clifford
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?
January 5, 2022 | Posted by: Greg Clifford
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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Sensible strategies to help you thrive in 2022
December 23, 2021 | Posted by: Greg Clifford
Canadians keep talking about the housing market! Are we in a housing bubble, will rates rise in 2022 and by how much, is this the right time to buy or refinance, is a lender's renewal offer the best ...
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Prequalification and Pre-Approval—What is the Difference? Home Buying in British Columbia
December 15, 2021 | Posted by: Greg Clifford
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 ...
read moreBank Of Canada Rate Update December 9, 2021
December 8, 2021 | Posted by: Greg Clifford
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 ...
read morePreparing for Higher Rates
November 26, 2021 | Posted by: Greg Clifford
Given inflationary pressures, the Bank of Canada indicated in their last rate announcement that rate hikes could take place earlier than previously indicated, in mid-2022, which means variable rates t ...
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What to do if You Are Denied a Mortgage
November 24, 2021 | Posted by: Greg Clifford
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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