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If you’re a Canadian homeowner with a mortgage, you’ve likely heard the term ‘refinancing’ being thrown around, especially in times of economic uncertainty or fluctuating interest rates. Refinancing your mortgage can be an excellent strategy to lower your monthly payments, reduce interest rates, or access the equity in your home. But the burning question is, […]

Are you considering a variable-rate mortgage for your new home in Kingston? Unlike fixed-rate mortgages, your interest rates and payments will change during your mortgage term, and it has its benefits. But before opting for a variable-rate mortgage, learn about its current trends and market scenario to make smarter decisions. What is a Variable Rate […]

If you are planning to buy a new residential property in Canada and have been doing some market research, you surely know that mortgage rates have surged by as much as 29.9%. And sadly, as Daniel Johanis, the owner of Pekoe Mortgages, says, there is seemingly no relief as mortgage costs would remain high until […]

Saving money is an essential part of building a secure financial future. In Canada, the Tax-Free Savings Account (TFSA) has become an increasingly popular tool for individuals to save and invest their money. The TFSA allows you to grow your savings without paying taxes on the income earned within the account. Recently, the introduction of […]

With home prices dropping and mortgage rates being projected to take a dip soon, home buyers are considering whether it’s the right time to purchase their dream home. We know it is tempting to wait until a better deal arrives in the market. However, no one can guarantee that home rates will become more affordable […]

When it comes to securing a mortgage, working with a mortgage agent can be a great option as they can help you navigate the complex mortgage market and find the right mortgage product for your unique needs. However, not all mortgage agents are created equal. To ensure that you are working with a reputable and […]

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 […]

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 […]

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 […]

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 […]