The Bank of Canada’s hefty interest rate drop this week may have some Canadian homeowners tied into expensive mortgages fantasizing about a lower rate. However, the potential of relocating to a new property with a lower interest rate, or refinancing to take advantage of lower monthly payments, is weighed against the severe penalties associated with...
Planning to buy a home and need the services of a mortgage broker in British Columbia? A mortgage broker is a registered financing specialist who is responsible for providing low rate and competitive mortgage deals to potential homebuyers planning to buy a new home. They serve as an intermediate between a borrower and lender. Brokers...
In its recent rate cut, the Bank of Canada dropped its benchmark interest rate by 25 basis points for the second time this year, lowering it to 4.5 percent. This is the lowest rate ever since April 2023. If you are planning to apply a mortgage, may be now is the best time to apply...
Struggling with high monthly mortgage payments? Sandhu & Sran Mortgage Brokers are here to help with mortgage refinance in Abbotsford. This could be the solution to lowering your costs and unlocking your home equity for more financial flexibility. But first, let’s understand what mortgage refinancing is and how it can benefit you. Mortgage refinancing involves...
The changed scenario in the housing market of Canada can be pretty exciting and overwhelming for first-time homebuyers. Just recently, it has become possible to stretch mortgage terms up to 30 years. Although this can provide some flexibility in the management of the monthly payments, there is still a careful weighing of the advantages and...
