905-791-1100Lotus Loans and Mortgages Mississauga mortgage blog. Get the latest news on Canadian mortgages, mortgage brokers, and mortgage rates.
BoC decision Dec 6, 2023
GDP contracting by 1.1% in Q3 while inflation eased to 3.1% in October, so the BoC as expected left Prime rate as is when they met this past Dec 6/23, which means that Bank Prime [...]
Net Worth Program
We at Lotus Loans & Mortgages Corp wanted to remind everyone about a popular specialty program. It’s called a Net Worth program and the program is advantageous for individuals with significant liquid assets, does this [...]
BoC rate decision, variable vs fixed
After 2 rate hikes in a row over the summer, finally the Bank of Canada (BoC) held tight this past Wednesday Sept 6th and left Prime as is which means that Bank Prime remains at [...]
BoC raises rates for 10th time!
I am sure most of you know already, but this past Wed the BoC raised its rate by another ¼% which means Prime has increased 10 times since March 2022 and Bank prime sits at [...]
Commerical Financing
At Lotus Loans & Mortgages Corp we broker commercial mortgages and business loans on top of offering residential financing. So, if you or someone you know is buying or refinancing their office building or a [...]
2nd mtg debt consolidation
In this high inflation environment where prices of everything are higher, Lotus Loans & Mortgages is seeing many people that are accumulating debt. Many who have approached their bank for a mortgage to consolidate debt [...]