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% …
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, however, they are structured and processed very differently. In general, private lenders are more flexible and responsive, although they may charge a higher interest rate for the loan. This guide provides the necessary information to help you make the right decision on which mortgage type to choose.
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!
Bank Of Canada Rate Update June 1, 2022
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT).
Bank Of Canada Rate Update July 13, 2022
The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.5%. The Bank is also continuing its policy of quantitative tightening (QT).
Should You Pay Off Your Mortgage Early?
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 of the reasons you may want to hold off on that final payoff amount.
Bank Of Canada Rate Update September 7, 2022
The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate at 3.5% and the deposit rate at 3.25%. The Bank is also continuing its policy of quantitative tightening.
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 power. With rising home values and rising interest rates, you may want to consider a private lender when looking at ways to finance your mortgage.
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.
Bank of Canada Rate Update October 26, 2022
he Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate at 4% and the deposit rate at 3.75%. The Bank is also continuing its policy of quantitative tightening.
