Interest Rates
More Rate Cuts In The Near Future?
The Bank of Canada (BoC) implemented its third consecutive interest rate cut on Wednesday, as it aims to strike a balance between controlling inflation
September 11, 2024
Whether you’re buying your first home, upsizing, downsizing, or purchasing a retirement property, finding the right mortgage can be overwhelming. With countless mortgage products from various lenders, there’s no “one size fits all” solution.
At mfactory, we provide a personalized mortgage journey detailing every step of the way, ensuring you secure the mortgage that’s the perfect fit for your needs.
Your journey to homeownership begins here. The first step is completing our online mortgage application.
This form gives your agent the essential details to build your budget, determine how much you can afford, and explore down payment options tailored to your situation.
Based on the information you provided in step 1, your agent will prepare a customized checklist of required documents to ensure all your mortgage options are available, helping you secure your mortgage or pre-approval.
After submitting the necessary documents, your agent will review your maximum purchase price, the required down payment, closing costs, and provide examples of mortgage payments tailored to a price range that suits you.
Congratulations! Your purchase offer has been accepted. One important detail in the agreement is the ‘condition of financing,’ which outlines the deadline for fulfilling the mortgage requirements set by your lender.
At this stage, your agent will review your mortgage details, benefits, and payment options.
A lawyer, of your choosing, will facilitate the closing of your purchase and coordinate with Realtor®, the seller’s lawyer and any other parties involved.
Navigating your first home purchase shouldn’t be stressful. We walk you through the process and help you become a homeowner sooner.
Sources you can tap into for the downpayment.
Access investments through the CRAs Homebuyers Plan
A shared equity incentive provided by CMHC.
Helpful articles and tools to assist in your purchasing journey.
New home construction can take many forms, from a complex custom-built project to a more common turnkey package. We will walk you through your options and see what fits you best.
Financing is available for new construction for those who want to build their own home.
Work with a builder and Realtor® to choose the floor plan, fixtures and other details in a convenient package.
The Bank of Canada (BoC) implemented its third consecutive interest rate cut on Wednesday, as it aims to strike a balance between controlling inflation
People hoping for more interest rate cuts from the Bank of Canada have been getting some good news.
In 2024, approximately 2.2 million mortgages in Canada are up for mortgage renewal, representing over 45% of all outstanding mortgages, as per data from
The Bank of Canada cut interest rates for a second consecutive decision on Wednesday (July 24), bringing a sigh of relief to many homeowners
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
We are working hard to get the latest and greatest mortgage information. Check back soon!