The Bank of Canada keeps the policy rate steady and tightens the economy further. With the bank rate at 4.75% and the deposit rate at 4.5%. Today the Bank of Canada maintained its objective for the overnight rate at 4.5%. Additionally, the Bank is keeping up its quantitative tightening strategy. Due to declining energy prices and …
What is Refinancing? Refinancing is the process of taking out a new loan to replace your previous mortgage. This typically results in reduced interest rates, different loan terms, or extra incentives like cash out for spending. Although you can refinance at any time, refinancing your home at the right time can result in long-term savings. …
A major financial objective for many home owners is to completely pay off their property and stop making mortgage payments. Prepaying your mortgage is one practical way to accomplish this. You can lower your overall interest costs and possibly speed up the process of paying off your mortgage by making extra payments toward the principal …
How to Pay Off Your Mortgage Quicker- Mortgage Prepayment Read More »
Selling Your Home Before Your Mortgage Term Ends? Get the Advise of a Mortgage Broker
Fixed mortgage rates have lately risen, and there is concern that they will continue to rise.
