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 [...]
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 [...]
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 [...]
The next Bank of Canada rate announcement is Wednesday, October 26th and there will certainly be an increase. The prediction is between 0.5% and 0.75%. Existing variable rate mortgage clients either have variable payments that change every time prime changes or they have fixed payments where the allocation of principal and interest changes with every [...]
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 [...]
Buying a home is one of the largest long-term financial commitments that you can make in your life. The mortgage approval process that comes with buying a home can make you feel like you have to jump through hoops to gain approval, however, it doesn't have to be like that if you are prepared before [...]
Most homebuyers will not have the funds to buy their home with cash, which means they will need to apply for a mortgage loan. To qualify for a mortgage, lenders will look at your credit score and history to assess your level of creditworthiness. A borrower’s income is also very important so what if your [...]
Working as a Mississauga mortgage broker requires a lot of useful tools to help clients find the best mortgage packages for their needs. One of those tools is a mortgage calculator. You can find a few different types of mortgage calculators that will look at different things for you, such as mortgage options and what [...]
