Bank of Canada lowering rates

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Bank of Canada Lowering interest ratesBank of Canada lowering the Canadian overnight loans rates unexpectedly from 1.00% to .75% in response to the fall of the oil prices.

Canada is the first of the group of 7 richest countries to adopt such a measure, and the following is Canadians should expect in regards to their mortgage:

  • Lower mortgage rates. In fact, we have received from our lenders new revision of their mortgage rates bringing them to a new low.
  • Depending on the performance of their funds, some Canadians should expect lower expectations in the growth of their wealth.
  • We have also seen some news from oil-related companies experiencing massive layoffs due to the fall in the prices if oil
  • The International Monetary Fund has also lowered their growth expectations of the Canadian economy and other countries for the year 2015

This could be summarized to an advise to those borrowers who are thinking about purchasing a real estate property to go ahead as soon as possible if they to enjoy the benefit of paying less and being easier to qualify for those with a tight budget, and for those who have being saving in RRSP’s this might be the best time to borrow them towards their down payment

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Debt Consolidation

Debt Consolidation by Toronto mortgage agentDebt consolidation can be quick and easy using the equity in your home to avoid paying high interest rates.

Debt consolidation helps you substantially reduce your debt and pay it off sooner while trading your high-interest rates loans from credit cards or/and high private mortgage rates to one monthly payment with lowers interest rates

Call for an appointment, or apply online, with our products and services you lower your interest rates while allowing to make one easy payment per month.

When will you be debt free? Learn what affects your debts and estimate your current debt free time

Unsecured debts (credit cards, car loans or others) offer a higher interest rate than a mortgage, while they help in the short period to purchase the goods, they also lead to a longer period and higher cost before the loan is paid.

Debt consolidation is a new loan that can help eliminate all or some existing higher interest rates loans

Debt consolidation should be considered not only when you are getting into financial problems, you can also consider it as an opportunity for new investment and wealth consolidation.

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Debt consolidation assessment practices are, quick, effective, easy and offer the following immediate benefits:

  • Save of thousands of dollars on interests based on the current debts
  • Cash flow relieve
  • Secured lower interest rates
  • Comfortable amortization periods
  • Credit scores improvements
  • Allow equity funds to be used towards other new investments

Using the equity in your home offers an easy, cheaper quick and comfortable way out of debt.

Use the credit card debt calculator below to estimate when will you be debt free

Months It Will Take To Be Debt Free:
Years It Will Take To Be Debt Free:
Total Amount Payed To Lender:
Total Interest Paid To Lender:
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