Mortgage Refinancing: When and How to Refinance Your Home Loan
Mortgage refinancing is the process of replacing your existing home loan with a new one, typically with better terms or a lower interest rate. Refinancing can help you save money on monthly mortgage payments, reduce your interest rate, or shorten your loan term. However, it is not always the best option for everyone, and it’s […]Read More
Is It Time To Move To Fixed Mortgage?
As the Bank of Canada has increased the trend-setting interest rates almost four times since last year, the benchmark expense of borrowing has skyrocketed from around 0.25 percent to 2.5 percent quite recently. This has brought about a boil in the variable interest rates -pushing them from the rate of 2 percent as enjoyed by […]Read More
Mortgages, Real Estate
Canadian Mortgage Rate Forecast For 2023
Canadians consider the market forecast for mortgages before they proceed with the mortgage application. You might work with the top mortgage agent in Kingston, but even they don’t have control over the staggering interest rates. The Bank of Canada sets the benchmark rate, based on which the other banks decide their interest rates. It’s the […]Read More
Loans, Mortgage Advice
Can I Buy A Second Home Using Home Equity Line Of Credit?
Have you already purchased your first home and acquired positive equity? If yes, then congratulations, as you have built a home. Next, you might contemplate buying a second home in Kingston as a rental, investment property, or vacation home. Instead of getting a separate mortgage, you can use the equity on your first home to […]Read More
Business, Mortgage Advice, Mortgages, Real Estate, Uncategorized
Should I Buy A House Despite Rising Interest Rates?
With rising interest rates, buyers have become hesitant in purchasing a home. Several Canadian buyers are wondering if now’s the right time to purchase or if they should wait longer. Real estate prices have dropped significantly since February 2022 and that’s why you should buy a house within the next four months. Down payment amount, […]Read More
Mortgage Advice, Mortgages, Real Estate
Should You Rent or Sell Your House?
When it comes to deciding whether to sell or rent out your house, there are many important factors you need to consider. Much of this decision will depend on your long term goals, your current living and financial situation, your level of commitment, and your ability to work within time constraints. Before committing to either […]Read More
Mortgage Advice, Mortgages, Uncategorized
Mortgage Agent vs Broker
Learn the difference between a mortgage agent vs broker and how each can help you.Read More
IMPORTANT ANNOUNCEMENT FROM THE MORTGAGE PROFESSIONALS
Mortgage rules have changed. Again. What does this mean for you? The changes, which take effect January 1st, 2018 and have several impacts to you as a borrower: The average Kingston household will qualify for a $55,000 smaller mortgage. This represents a DECREASE of 15% in your borrowing power – no matter what you do or […]Read More
Get Expert Advice To Find The Right Mortgage For You
Whether you’re a first-time homebuyer or you own a home and are thinking about moving, buying a new home is a major decision. From personal to financial to market considerations, you’ll need to weigh a lot of factors and information along the way. Bringing you expert, independent advice As a mortgage broker in Kingston ON, […]Read More
Loans, Mortgage Advice, Mortgages, Real Estate
5 Tips for First-Time Homebuyers
Did you know that the majority of first-time homebuyers are Millennials? That’s right; Canadians born between 1980 and 1995 now represent a full 77 per cent of first-time homebuyers. If you fit the mold, then get a leg up on the competition as we enter the year’s hottest real estate month. Here are our five […]Read More