Mortgage Interest Rate Cuts In June?
February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.
Understanding Interest Adjustments When Closing on a Home
When it comes to closing on a home, first-time buyers often encounter a seemingly unexpected expense known as an “Interest Adjustment.” This question comes up a lot and it’s essential to demystify this aspect of the home-buying process.
Everything About Bridge Mortgages
Buying and selling a home can be a complex and stressful process, especially when you need to sell your current property before purchasing a new one. This is where a bridge mortgage can be invaluable. It provides homeowners with the necessary funds to cover the gap between selling their existing home and buying a new one.
Why Smaller Down Payments Get Lower Rates
Home buyers with smaller down payments often receive lower interest rates, which may seem counterintuitive.