Mortgage Blog
Getting you the mortgage you deserve
Category: Mortgage (34 posts)
Can a first-time home buyer have a mortgage co-signer?
September 17, 2023 | Posted by: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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 moreUnderstanding Credit Scores and Maximizing Mortgage Opportunities in Canada
July 27, 2023 | Posted by: Steve McArthur
Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical r ...
read moreBank of Canada raises policy rate 25 basis points, continues quantitative tightening
July 12, 2023 | Posted by: Steve McArthur
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. G ...
read moreSome great tips to help you save for a home
June 13, 2023 | Posted by: Steve McArthur
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 moreStrategies for Speeding Up Mortgage Repayment
June 3, 2023 | Posted by: Steve McArthur
Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a ...
read moreFirst-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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 moreTitle insurance and home insurance–protect what matters most
February 27, 2023 | Posted by: Steve McArthur
When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ...
read moreBank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Steve McArthur
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...
read moreShould You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Steve McArthur
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 moreThe Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Steve McArthur
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...
read moreBank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Steve McArthur
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...
read moreBank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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: Steve McArthur
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 moreTop 10 Questions to Ask Your Mortgage Broker in Ontario
January 19, 2022 | Posted by: Steve McArthur
Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces ...
read moreHow Much of A Mortgage Can You Afford?
January 5, 2022 | Posted by: Steve McArthur
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 Ontario
December 15, 2021 | Posted by: Steve McArthur
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 moreWhat to do if You Are Denied a Mortgage
November 24, 2021 | Posted by: Steve McArthur
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: Steve McArthur
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 ...
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