The Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018. Continue reading »
Category: Mortgages
Does it Make Sense to Refinance?
Are you thinking about refinancing your mortgage? Early refinancing has become a bit of a trend; not surprisingly though, everyone is looking to save money where they can. Obtaining a new loan with better interest rates for your home could mean saving money on monthly mortgage payments or using the extra money on other projects such as renovations or making investments. Continue reading »
Why Do I Get Different Credit Scores from Different Websites in Canada?
Credit Karma and Borrowell credit scores will differ from Equifax and TransUnion scores. Lenders use FICO scores which differ from the other four scores. Why? Continue reading »
Canadian Credit Scores and Their Effect On Your Mortgage Rate
This is how you can get your credit score and improve your rating before applying for a mortgage. Continue reading »
The Mortgage Stress Test: What It Means If You’re Buying a Home
We revisit the mortgage stress test and how it is affecting Canadian homebuyers. Continue reading »
Bank of Canada Rate Decision: No Change…For Now
The Bank of Canada is holding its key benchmark rate for the eighth time in a row. Continue reading »
Buying A Home / Economic News / Lifestyle News / Mortgage News / Mortgages / Personal Finance / RSM News
How to Negotiate Your Mortgage Rate
Negotiating a great deal on your mortgage is kind of like asking your boss for a raise – you need to do a bit of homework before the meeting, go in prepared and confident, and if you’re making a fair request, you should leave… Continue reading »
U.S Federal Reserve Cuts Rate – Again.
For the second time in a row the U.S. Federal Reserve has cut its benchmark interest rate, this time by 25 basis points to a range between 1.75 and two percent. Continue reading »
How Canadian Mortgage Brokers Work and Ways They Can Save You Money
Mortgage brokers have access to rates from many mortgage-specific lenders and major banks, enabling them to find the best product for you. This is how they can save you money. Continue reading »
Co-ownership: A Growing Trend in Real Estate
Canadians are giving each other a leg-up onto the property ladder in growing numbers. Continue reading »