Simply put, a Home Equity Line of Credit—or home equity line of credit—is a line of credit secured by your house. A SLOC (Secured Line Of Credit) is another name for it. It enables you to access your home’s equity as needed. A secured line of credit (SLOC) has two advantages over a personal line …
What You Should Know About Home Equity Line of Credit Read More »
An encouraging development for those looking to purchase a home is that, following months of rising mortgage rates spurred by growing inflation and the US Federal Reserve’s raising base rates to battle that inflation, there are now indications that the average home lending rate in the US is starting to decrease. Let’s examine what is …
In 2023, Mortgage rates will begin to decline- Good news for Homebuyers Read More »
Will homes ever be affordable in the Greater Toronto Area? This important topic is raised by numerous publications on Toronto real estate that estimate the average cost of a home at approximately $1 million. Housing specialists told BNNBloomberg.ca that it is improbable because young people would continue to struggle with affordability for years to come, …
Will housing prices ever drop in the Greater Toronto Area again? Read More »
In March, existing house sales and average prices increased on a monthly basis while housing supply continued to shrink. According to the most recent data from the Canadian Real Estate Association, there was a seasonally adjusted increase of 1.4% from one month to the next. That comes after a 1.5% increase in February, the first …
Sales and prices of homes increased in March. Is this the beginning of a trend? Read More »
Bank of Canada stops raising interest rates and maintains them at 4.5% Following the 0.25% rate hike in January, the bank itself stated it hoped to cease its aggressive rate hike cycle in March, prompting the pause. However, industry experts have been speculating for some weeks that the bank will do just that. Experts in …
A few instances of homeowners returning home to a sold or listed home without their permission have sadly occurred this year. It’s critical to be aware of the hazards because property fraud is a problem that is spreading across the globe. Property fraud, commonly referred to as deed fraud or “house-stealing,” happens when someone fraudulently …
Mortgage Questions to ask your Lender Shopping for a property is similar to looking around for a loan. Given the length of your mortgage commitment, you should make sure you have a plan in place and the finest information available before deciding whether to use a bank or a private lender. Here are some of …
Are you concerned about Mortgage Renewal? About half (47%) of Canadians who are applying for or renewing a mortgage express fear about being approved for the required amount. According to a recent poll by BNN Bloomberg and RATESDOTCA, 16% of respondents who are purchasing or renewing their mortgage are “extremely concerned” about their eligibility. Over three …
Nearly half of Canadians who are buying or renewing their mortgages are worried about it. Canadians who are renewing their mortgage or purchasing a home are more apprehensive than ever before about their capacity to obtain the mortgage they require, and as a result, they are looking at alternatives to established lenders. About half, or …
Following bank collapses, the Biden White House is closely monitoring the Federal Reserve Just 10 days after the Biden administration intervened with extraordinary emergency measures to mitigate the consequences from two bank collapses, all eyes are focused on the Federal Reserve as it gets ready to announce another prospective interest rate hike Wednesday afternoon. Biden …
The Biden White House is closely monitoring the Federal Reserve Read More »
