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Tag: Mortgage

9 October

What’s a Trigger Rate and How Does it Impact Your Monthly Mortgage Payment?

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Hits: 14　　Recent inflation has had a tremendous impact on thousands of household budgets across Canada. However, higher food and gas prices are the least to worry about for some consumers who either bought a new home or refinanced at peak pandemic conditions.   The Bank of Canada has taken to rapidly increasing interest rates to …

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24 February

Interest Rates Are Rising. Should I Buy Now or Wait Until Later?

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Hits: 17　　There is no debate that the housing market has been performing exceptionally well over the last couple of years, despite headwinds brought about by COVID-19. However, borrowers now face new challenges in the form of increasing inflation and rising interest rates.   Mortgage interest rates have been near historical lows for some time as …

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22 November

What Do Lenders Look at When Approving You for a Mortgage?

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Hits: 15　　Whether you are buying a new home or already an experienced homeowner looking to refinance, lenders look at a multitude of factors when approving you for a new mortgage.   Recent data shows that 410,000 new mortgages originated in the second quarter of 2021 alone, which is a 60% increase compared to the same …

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18 December

3 Reasons Now Is the Perfect Time to Get a Toronto Mortgage

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Hits: 21　　If you’re looking to get a mortgage for a home or condo in Toronto, now would be a perfect time. That may sound a little counterintuitive given the COVID-19 pandemic and the economic headwinds our city is facing. However, these situations are temporary and have created the ideal conditions to lock in a Toronto …

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