905-791-1100Lotus Loans and Mortgages Mississauga mortgage blog. Get the latest news on Canadian mortgages, mortgage brokers, and mortgage rates.
BoC prime increase
Bank Prime moved up by a ¼ point this pass Wednesday June 7/23 after a 3 month pause and now stands at 6.95%. This affects those with variable rate mortgages, Secured Lines of credit and [...]
Rate increases/pre-approvals
Over the past few weeks with news of a small inflation uptick and the Canadian economy performing better than expectations, fixed rates have increased as a result and the pause on Prime rate may come [...]
Top Mortgage Myths (Debunked)
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 [...]
An Update on Inflation – March 2023
It was recently announced that the Canadian annual inflation rate slowed to 5.2% in February which is the largest deceleration since February 2020. That is great news, especially for fixed-rate mortgages! While most lenders are [...]
Tips for Renewing Your Mortgage
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 [...]
Tax-Free First Home Savings Account
Great news, the new Tax-Free First Home Savings Account is expected to be available this coming April 2023! It has the benefits of an RSP with a tax deduction combined with the benefits of TFSA [...]