Mortgage Blog

Mortgage Blog2024-11-09T01:00:23+00:00

Lotus Loans and Mortgages Mississauga mortgage blog. Get the latest news on Canadian mortgages, mortgage brokers, and mortgage rates.

1701, 2025

Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites

By |January 17th, 2025|Categories: Uncategorized|Comments Off on Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites

Exciting news for homeowners started January 15, 2025! A new program will allow refinancing up to 90% of your home’s value, that’s up from 80%—to create secondary suites like basement apartments or laneway homes, as [...]

1612, 2024

December 2024 BoC Decrease

By |December 16th, 2024|Categories: Uncategorized|Comments Off on December 2024 BoC Decrease

The Bank of Canada has made another big move this past week, cutting by 0.50%, bringing bank Prime down to 5.45%, a full 175 basis points lower than in June. This marks the 5th rate [...]

1111, 2024

Debt consolidate through a 2nd mortgage

By |November 11th, 2024|Categories: Uncategorized|Comments Off on Debt consolidate through a 2nd mortgage

How a Second Mortgage from Lotus Loans & Mortgages Corp Can Help You Consolidate Debt Without Breaking Your First Mortgage Are high-interest debts piling up? If you're struggling to manage multiple payments on credit cards [...]

710, 2024

Fraction mortgage

By |October 7th, 2024|Categories: Uncategorized|Comments Off on Fraction mortgage

Unlock Your Home Equity with Fraction Mortgages A Lotus Loans and Mortgage, we are a Mortgage Brokerage in Mississauga, ON that is excited to share Fraction Mortgages—an innovative product that allows homeowners to access their [...]

2709, 2024

Exciting Positive Changes in the Mortgage Industry

By |September 27th, 2024|Categories: Uncategorized|Comments Off on Exciting Positive Changes in the Mortgage Industry

Exciting Positive Changes in the Mortgage Industry   The mortgage industry has seen a wave of positive changes recently, creating some fantastic opportunities for homebuyers and homeowners. Over the last two Bank of Canada meetings, [...]

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