905-791-1100 As a mortgage broker in Mississauga, Ontario, I often come across misconceptions and myths about mortgages that can mislead potential homebuyers. As someone who is passionate about helping clients navigate the mortgage process, I am dedicated to dispelling these myths and providing accurate information. In this blog post, we will debunk the top mortgage myths [...]
Renewing your mortgage is an important process that every Canadian homeowner will face at some point in their lives. When your mortgage term comes to an end, you have the opportunity to renew it and potentially secure a better interest rate or different terms that better suit your current financial situation. However, the process of [...]
With the colder weather setting in, it's important that homeowners have done their seasonal home maintenance. Keeping your home in good running order will ensure that your heating, cooling, and plumbing systems are working as efficiently as possible. Most homeowners in Mississauga do their annual home maintenance during the spring and autumn to prepare for [...]
Looking for a Mississauga mortgage? We've got you covered with everything you need to know about the market and the latest rate trends. This past week Canada’s banking regulator called OFSI confirmed that it would leave the qualifying rate for the mortgage stress test unchanged. That means the qualifying rate remains at the higher of [...]
This past week the Bank of Canada raised prime rate for the 7th time this year. Bank prime now sits at 6.45%, up 4% from March. That is an incredible amount of quantitative tightening in a short period. Those with adjustable variable rate mortgages and lines of credit will feel the effect quickly and for those [...]
There has been an uptick in the need for private mortgage financing lately especially for new construction homes. When a new construction property is completed, the new homeowners are often required to close on the property with minimal final notice. Our office has seen deals where buyers are only receiving 2 weeks notice to arrange [...]
After months of most housing markets being highly competitive, the Mississauga Ontario area is starting to see a slowing down. Some of this may be due to the current global crisis happening with Ukraine and the rising cost of living. Our expert Mississauga mortgage brokers team has the latest figures for you. Housing Market Update [...]
