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Latest Interest Rate Update!

The odds of the Bank of Canada hiking rates on July 11 just shot back up to 70%! The Canadian dollar was climbing yesterday, Thursday, as bets on a rate hike rose. Investors are raising bets the Bank of Canada will move ahead with an interest rate hike next month, after Governor Stephen Poloz reiterated […]

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Interest-Only Mortgages are back!!

Interest only mortgages are suitable for homeowners and investors who wish to utilize an interest only payment while qualifying on a 30 year amortization for up to 80% of the value of the home (LTV).  NO high Ratio deals permitted. Fixed and ARM rates are available. Great for: –  Investors who own multiple rentals and wish […]

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Variable Rate might be a decent bet!

Credit market U-Turn: Bond yields now signal mortgage shoppers should go with a variable rate Recently, Canada’s five-year bond yield dove to a multi-month low, a bearish short-term signal for fixed mortgage rates. Why the U-Turn in rates? The whiplash in rates comes as  President Trump threatens to tax Canada’s imports into the U.S.  If […]

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Reasons to Get Pre-Approved

What is a mortgage pre-approval? In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit […]

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Become a Home Owner in 4 Simple Steps!

Step 1 : Connect with a mortgage broker. It’s a great idea to connect with a broker because they: Have access to over 50 banks and lending institutions Save you time by shopping around to get you the best products Provide you with a mortgage solution that meets your needs Step 2 : Select your […]

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Take advantage before mortgage rates hike!

Brokers will have a leg-up on the competition – at least for the next few weeks – and should look to take advantage. Monoline rates will definitely increase in the near future … but until then brokers will benefit from RBC and other banks increasing their own rates. Once a lot of monoline business comes in, […]

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Market Update: June 1, 2015

Interest rates remain squarely in the crosshairs of market watchers. The latest, very weak, GDP numbers have even casual observers perking up over the prospect of another Bank of Canada rate cut. The 0.6% contraction in first quarter GDP is significantly worse than forecast, but it was not wholly unexpected. Bank Governor Stephen Poloz had […]

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Refinance & Save

Refinance and $ave! Keep your money where it belongs.. in your wallet. Call us now to calculate your $avings! By consolidating all of your debts and refinancing at a lower rate you can minimize your monthly payments. Not only are you paying less, you can also receive CASH IN HAND to renovate, to invest or to vacation. A $50,000 Equity […]

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