Personal loans vs mortgage loans: best for buying a home?
Buying a home is a major financial undertaking, and it’s no surprise that it’s easy to become overwhelmed. That’s why knowing the type of financial options available to you is so important. Fortunately, there are now more funding options than ever to help make your home ownership goals a reality. One of the most common […]
Do you know the Interest and CMHC Changes?
Interest rates have been steadily increasing over the past few weeks. This should come as no surprise to anyone reading these newsletters. We do anticipate that rates will increase further before slowing down and probably heading back down to lower levels. Royal Bank is increasing their rates tonight, on the back of stronger bond yields […]
Personal loans vs mortgage loans: best for buying a home?
Buying a home is a major financial undertaking, and it’s no surprise that it’s easy to become overwhelmed. That’s why knowing the type of financial options available to you is so important. Fortunately, there are now more funding options than ever to help make your home ownership goals a reality. One of the most common […]
Prime Rate Just increased. What about your Mortgage?
The Prime Rate in Canada just increased, you are wondering what this means for your mortgage, we think it’s time for an analogy. Let’s pretend the Canadian and American economies are cars. Our Central Banks (The Bank of Canada and the Federal Reserve) are driving the cars. The main job of the drivers is to […]
Real People, Real Mortgages: Dilip & Geeta [Penalties and Fees]
Dilip and Geeta purchased their first home in 2012. They went to their Big 5 bank who had a 5 year fixed rate of 4.79%, but offered them a ‘discounted’ rate in the mid-3’s. This summer, they finally got fed up hearing how their friends were all paying closer to 2.0% on 5-year variables. They […]
Real People, Real Mortgages: Margot & George [Credit Solutions]
Embarking on the journey of homeownership is a profound chapter in one’s life, filled with dreams, decisions, and the pursuit of a place to call home. In this feature, we delve into the real-life narrative of Margot and George, a couple whose story echoes the experiences of many as they navigated the intricate world of […]
Renegotiate your mortgage now!
The events of the last week have presented a remarkable opportunity to get a better rate on your existing mortgage. Whether it’s renegotiating with your current lender or breaking your mortgage for a better rate, here are 6 things you should know before you do anything. Starting Point: Fixed vs Variable If you are currently […]
Renewing Your Mortgage Can Be Really Expensive
Looking to consolidate some of your debt? There are a few keys to ensuring that you get the best rate when renegotiating a mortgage. When you or someone you know is renegotiating a mortgage, you must be prepared. In order to keep your interest rate as low as possible, you should evaluate your credit risk […]
Good News!!!! Same Prime, Different Day
It’s that time again. When Mark Carney and his cohorts ascend Mount Olympus once more for the latest round of talks to decide the immediate future for Canadian mortgage holders. The prevailing feeling however is that little will result from this month’s scheming and plotting. Another meeting will pass with rates unchanged and the variable […]
Do you know you can save up to 25% on your Mortgage penalty Only with Cannect?
Cannect has reintroduced our successful Mortgage Penalty Reduction Plan to assist Canadians in taking advantage of recent changes in mortgage rates. “We will be helping qualified Canadians save up to 25% on their mortgage prepayment penalties” said Cannect Home Finance President, Marcus Tzaferis. Almost every mortgage loan in Canada includes a “prepayment privilege” allowing the […]
