Mortgage Blog
Trusted Windsor and Essex County Mortgages
Category: Mortgage (14 posts)
How Rising Rates Can Affect Your Mortgage
June 3, 2022 | Posted by: George Winter
The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary polic ...
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Bank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: George Winter
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 ...
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How a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: George Winter
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 ...
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The Tax Free First Home Savings Account (FHSA) explained
May 5, 2022 | Posted by: George Winter
The Tax Free First Home Savings Account (FHSA) explained If you or someone you know is saving for a down payment on their first home, the Federal government announced a new program aimed at first-tim ...
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How is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: George Winter
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: George Winter
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% ...
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Higher Interest Rates are Here. What Does That Mean for You?
March 9, 2022 | Posted by: George Winter
The Bank of Canada has been signaling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight rate by 0.25%. H ...
read moreBank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: George Winter
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 ...
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Bank Of Canada Rate Update January 26, 2022
January 26, 2022 | Posted by: George Winter
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 ...
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Top 10 Questions to Ask Your Mortgage Broker in Ontario
January 19, 2022 | Posted by: George Winter
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 ...
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How Much of A Mortgage Can You Afford?
January 5, 2022 | Posted by: George Winter
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 ...
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Sensible strategies to help you thrive in 2022
December 23, 2021 | Posted by: George Winter
Canadians keep talking about the housing market! Are we in a housing bubble, will rates rise in 2022 and by how much, is this the right time to buy or refinance, is a lender’s renewal offer th ...
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Prequalification and Pre-Approval—What is the Difference? Home Buying in Ontario
December 15, 2021 | Posted by: George Winter
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: George Winter
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 ...
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