A person in a suit holding up a white board with the words fixed variable written on it

Is Variable Mortgage A Good Choice In 2024?

Since July 2023, the Bank of Canada has not increased or decreased interest rates. Considering this stabilization, many are debating whether it’s time to get a variable mortgage and hope that the rate drops down in the next couple years. If you are considering a property investment in the next few months, here’s some information […]
Read More
Mortgage renewal tips
,

7 Tips For Negotiating Better Terms At Mortgage Renewal

When it’s time for mortgage renewal, many homeowners simply sign the renewal offer from their current lender without considering their options. If you’ve been consistent with your mortgage payments all this time, you can negotiate better terms and even a lower interest rate! Whether it’s seeking a lower interest rate, adjusting the payment schedule, or […]
Read More
A miniature house in a shopping cart with a downward trend(to show mortgage rates forecast) on a blue background.
,

When Will Mortgage Rates Go Down in Canada?

As we approach the end of 2023, many Canadians are wondering when mortgage rates will start to decrease. This year has seen a significant rise in rates, with an increase of 75 basis points. Currently, the target rate is set at 5%, and it’s expected to remain there for the rest of the year. Around […]
Read More
A person reviewing details of mortgage insurance
,

What Is Mortgage Insurance? Why Do I Need It? 

When you decide to buy a home in Canada, you’re not just investing in property; you’re taking on the responsibility of maintaining it, protecting it, and ensuring its financial viability. When it’s time to sell, you expect a certain return on your investment. Mortgage insurance plays a crucial role in that last part. It might […]
Read More
An empty room with a percent sign on a green wall

How Your Mortgage Payments Could Change with Ever-Increasing Interest Rates

During the pandemic, record low interest rates led to a massive spike in real estate demand. Following that, interest rates shot up to levels unfamiliar to an entire generation, making it challenging for mortgage holders to keep up with the ever-changing landscape. And, according to the latest reports, interest rates are expected to stay higher […]
Read More
A close-up view of the upper level of a house with windows and siding

When Is The Right Time To Refinance Your Mortgage? A Guide For Canadians

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, […]
Read More
Leo Ragusa is a mortgage broker based out of Kingston, Ontario. he specialises in first-home buyer mortgages with an experienced touch of helping you improve your financial status through real estate. he has written this article for the drop in popularity of variable mortgage in Canada and the reason behind it.
,

Variable Mortgage Popularity Tanks To Pre-Pandemic Levels

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 […]
Read More
mortgage pre-approval agent in Kingston, residential mortgage specialist, commercial mortgage specialist, latest mortgage news in canada

Mortgage Applications Continue To Rise Despite Higher Rate and Increased Living Costs

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 […]
Read More
best strategies to save towards your tax-free first home savings account, mortgage agent in Kingston, best mortgage broker near me
,

How To Use The New Tax-Free First Home Savings Account?

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 […]
Read More
best-mortgage-agent-kingston-near-me-home-prices-1
,

Will Home Prices Continue To Rise In 2024?

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 […]
Read More