While overall market rates set the starting point, your personal rate depends on factors like: Credit Score: Better scores usually get lower rates. Down Payment: Bigger down payments often mean better rates. Property Type: Different types of homes can have different rates. Loan Amount and Term: Shorter terms might have lower rates. Why Do Mortgage […]

Hey everyone! 📉 Here’s a quick snapshot of today’s mortgage market in Ontario and what it means for homebuyers and homeowners: Current Interest Rates: The Bank of Canada (BoC) policy rate is at 4.75%, and we’re seeing mortgage rates between 4.8% and over 7.5%. Fixed rates are expected to decline gradually, influenced by a cooling […]

Whatever your goals, when it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier! Getting Pre-Qualified: The purpose of mortgage pre-qualification is to help you get a general idea of what you can afford when shopping for your new home. Pre-qualification will take […]