Mortgage rates in Toronto are offered lowest by Mortgage agents
Your credit Your credit is a factor with a big influence when trying to obtain a mortgage loan learn an easy form to keep it safe All your activities made through your lines of credit like credit cards, telephone companies, bank loans, students loans and specially mortgage loans, are registered in your very personal file…
In the past couple of weeks since the Bank of Canada publicly increased the interest rate to 0.75% from 0.50%, we have been notified of by our numerous lenders that their mortgage rates are going up “despasito”, (slowly). The increase have affected immediately to those borrowers who had a variable rate mortgage, and then to…
Bank of Canada raises interest rate to 0.75% from 0.5% This increase is applied directly to the overnight key lending rate. This means that the Bank of Canada feels that our economy is strong. Strong economic trade and a bit higher inflation are expected throughout the country, so the Bank of Canada finds the need…
Ontario Land Transfer Tax is charged to the home-buyer and applies whenever a land or an interest in land in Ontario is purchased, The applicant buyer pays the Ontario’s land transfer tax at the time of purchase, the term “land” includes any buildings, buildings to be constructed, and fixtures (such as light fixtures, built-in appliances, and cabinetry)….
Late for mortgage renewal Late for mortgage renewal and looking to minimize the expense to change to a better rate? If you or someone you know ever find in this situation the alternative seems to be to “Opt for a short-term open mortgage and escape as quickly as possible” you might want to consider or ask the following…
Interest rates down We have been informed of interest rates gone down and you should be informed as of which mortgage products are offering them. Employed people currently renting and with a rental contract coming up to renewal should be most interested. Sometimes life gets tough to some, and considering that there are ways and times…
Be prepared for your mortgage Anticipating for your coming mortgage renewal, refinancing or home purchase will always pay off, it’s a smart decision and an excellent financial practice. Since you are not in control of all the factors that affect your future transaction, it is most convenience to stay ahead of the curve. Unless you…
Financial character Financial character is the mental and moral group of qualities presented by an individual in regards to his/her behaviors when it comes to his/her financial agreements. Your credit score may not be good enough to qualify for a mortgage! Your high income may not be sufficient to qualify for a mortgage! Have you suffer…
Economists officially define a recession as two consecutive quarters of negative growth in gross domestic product (GDP). This is a significant decline in economic activity spread across the entire country. A short analysis of how recession might affect our families and the positive perspective at the end of all But, how does affect you as…
A refinance story After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit card usage , a client called me asking for some financial advise. Their goal was to recuperate their financial stability, to stop accumulating debt with…
Simply put in regards to Canadians household debt; In average we currently owe 162.6 percent of every disposable dollar, that means from every dollar after available after taxes and mandatory charges. This has been attributed in part to record low-interest rates that may have been seeing as an invitation to get into debt by…
Low-cost home ownership is financial assistance programs offered by the government to assist lower-income families with the purchase of a residential property to live in it. There are currently a number of programs with different alternatives and yet we experience an all time high home prices in Toronto. Programs like Home in Peel region affordable…
Home sale prices in Ontario Is it really worth it to buy a house? That is a question that some renters that I have come across with have or had, like John and Sue (not real names) from Toronto, who were renting because they never thought that they could buy a house considering their financial…
Household credit growth in Canada The information on the following graph helps us observe that from the past 7 year approximately borrowers are paying more importance to their secure mortgage credit rather than easy to obtain commercial credit like credit cards; Thanks in part to the federal government regulations and on to the slow economic…
Decreasing bond value pushes to higher mortgage rates Financially speaking, a bond is a debt instrument that based on a current rate pays interests with certain periodicity and investors attracted to profit from those bonds may see their principal invested upon maturity of the bond. Since the mortgage rates having remarkably low due to a…
Mortgage renewal 5 years vs 10 Here is one great advantage of renewing your mortgage loan with us, rather than banks. Scenario renewing your mortgage with a bank for 5 years: Mortgage amount = 300,000 mortgage rate @ 5 yrs 3.00% Balance at maturity = 248,685 Repeat the mortgage renewal with the same factors 5…
Lowest mortgage rate for 10 years quick close high ratio The following are our current mortgage rates Mortgage rates Variable mortgage rates 3 yrs variable 2.65% 5 yrs variable 2.85% Open HELOC 3.50% Fixed Mortgage rates 6 Months 3.95& 1 Year 2.65% 2 Years 2.69% 3 Years 2.79% 4 Years 2.89% 5 Years QC 2.85% 5 Years…
Mortgage rates Variable mortgage rates 3 yrs variable 2.65% 5 yrs variable 2.85% Open HELOC 3.50% Fixed Mortgage rates 6 Months 3.95& 1 Year 2.65% 2 Years 2.69% 3 Years 2.79% 4 Years 2.89% 5 Years QC 2.85% 5 Years regular 2.95% 7 Years 3.59% 10 Years 3.89% Mortgage Rates are subject to change without…
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