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Category: Mortgage (36 posts)
Can a first-time home buyer have a mortgage co-signer?
September 17, 2023 | Posted by: Donna Alamolhoda
Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tact ...
read moreBank of Canada maintains policy rate, continues quantitative tightening
September 6, 2023 | Posted by: Donna Alamolhoda
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Infl ...
read moreTop Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.
August 23, 2023 | Posted by: Donna Alamolhoda
Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as ...
read moreNavigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience
August 5, 2023 | Posted by: Donna Alamolhoda
Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation p ...
read moreSome great tips to help you save for a home
June 13, 2023 | Posted by: Donna Alamolhoda
A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for ...
read moreFirst-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Donna Alamolhoda
As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ...
read moreBank Of Canada Rate Update April 12, 2023
April 12, 2023 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4. ...
read moreBank of Canada Rate Update March 8, 2023
March 8, 2023 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at ...
read moreSelling Your Home in the Winter: How You Can Make the Most of It
March 5, 2023 | Posted by: Donna Alamolhoda
Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...
read moreShould You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Donna Alamolhoda
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read moreBank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Donna Alamolhoda
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ...
read moreBest Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Donna Alamolhoda
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. ...
read moreHow Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Donna Alamolhoda
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 p ...
read moreBank Of Canada Rate Update September 7, 2022
September 7, 2022 | Posted by: Donna Alamolhoda
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ...
read moreShould You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Donna Alamolhoda
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 o ...
read moreBank Of Canada Rate Update July 13, 2022
July 13, 2022 | Posted by: Donna Alamolhoda
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ...
read moreBank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: Donna Alamolhoda
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ...
read moreHow a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Donna Alamolhoda
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! Do you plan on searching for and buy ...
read moreHow is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Donna Alamolhoda
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 ...
read moreBank Of Canada Rate Update April 13, 2022
April 13, 2022 | Posted by: Donna Alamolhoda
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% ...
read moreBank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: Donna Alamolhoda
Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ...
read moreBank Of Canada Rate Update January 26, 2022
January 26, 2022 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ...
read moreHow Much of A Mortgage Can You Afford?
January 5, 2022 | Posted by: Donna Alamolhoda
How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage ...
read morePrequalification and Pre-Approval—What is the Difference? Home Buying in BC
December 15, 2021 | Posted by: Donna Alamolhoda
What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter ...
read moreBank Of Canada Rate Update December 9, 2021
December 8, 2021 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent ...
read moreWhat to do if You Are Denied a Mortgage
November 24, 2021 | Posted by: Donna Alamolhoda
What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f ...
read moreHow to Know if it's Time to Refinance
November 3, 2021 | Posted by: Donna Alamolhoda
How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits ...
read moreBank Of Canada Rate Update Oct 27, 2021
October 27, 2021 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with ...
read moreWhat Is Home Equity and How Can I Build It?
October 6, 2021 | Posted by: Donna Alamolhoda
Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen ...
read moreBank Of Canada Rate Update Sept 8, 2021
September 8, 2021 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun ...
read moreGetting a Mortgage as a Student
August 18, 2021 | Posted by: Donna Alamolhoda
Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is fo ...
read moreWhat Happens if You Lose Your Job Before Closing?
August 4, 2021 | Posted by: Donna Alamolhoda
A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not ...
read moreHow a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in BC
July 21, 2021 | Posted by: Donna Alamolhoda
When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with ...
read moreBank Of Canada Rate Update July 14, 2021
July 14, 2021 | Posted by: Donna Alamolhoda
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ per ...
read moreRisks of Putting Down a Firm Offer with a Pre-Approval BC
July 7, 2021 | Posted by: Donna Alamolhoda
Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin ...
read moreBank Of Canada Rate Update June 9, 2021
June 9, 2021 | Posted by: Donna Alamolhoda
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rat ...
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