Want to know how recent rate cuts and new mortgage rules are going to affect your property buying dreams? The federal government’s recent move to raise the insured mortgage threshold is intended to make homeownership more accessible to Canadians who are planning to buy a home but have a low budget or limited finances. But...
Planning to buy your first home? Congratulations on stepping ahead to your dream of homeownership. Abbotsford is a multicultural city with a vibrant nightlife and stunning landscapes. As a first-time home buyer in Abbotsford, you must be excited to secure a home-buying deal and own a place you can call your own home. When it...
Is your fixed-rate mortgage coming to an end? Want to get a mortgage on an existing property? Not sure, if you should go with mortgage refinancing in Surrey or opt for renewal. Don’t worry, in this blog post, we’ll take you through the basics of both so that you can make an informed choice. Mortgages...
Ever since July, the Bank of Canada has been raising the overnight lending rate, starting with an increase of 1%. However, in its September update, the rate was maintained at 5%. This rate affects the interest you pay from lenders. The higher the overnight rate, the more interest you’ll pay. For now, the mortgage payments...
Buying a home for the first time is an exciting milestone, but it can also be a daunting task. With so many options and variables to consider, it can be overwhelming for first-time homebuyers to navigate the process on their own. This is where Sandhu & Sran can help. As an Abbotsford-based mortgage broker, we...
