Attention Variable Rate Mortgage Holders

Attention Variable Rate Mortgage Holders

To no one’s surprise but many variable rate mortgage holders dismay, The Bank Of Canada increased its overnight lending rate again by a ¼ percentage point, the third increase following hikes in both July and September. The New Rate Hike It is a bit discouraging to see common sense and fairness failed to present itself … Continued

All About Refinancing Mortgages

All About Refinancing Mortgages

When your mortgage renewal time comes around, don’t sign on the dotted line without researching all the available options. By skipping this step, you may miss out on the opportunity to refinance your mortgage and get a better rate than your current one, or to access some equity to pay off debts or invest in … Continued

Accessing Home Equity to Finance a Home Reno

Accessing Home Equity to Finance a Home Reno

Do you want to add an ensuite? Finish the basement? Give the kitchen a makeover? A home renovation is an excellent way to increase the functionality of your home while also giving a boost to its value, but most homeowners don’t have cash on hand to pay for upgrades out of pocket. That doesn’t mean … Continued

Why Refinance Your Mortgage?

Why Refinance Your Mortgage

Refinancing your mortgage is the act of replacing your existing debt obligation with a new obligation under new terms. Simply put, you can renegotiate your mortgage at a rate and term that make more sense for your financial situation and goals. There are two primary motivations to refinance a mortgage: “rate-and-term” refinancing to save money, … Continued