Also referred to as a ‘CMHC fee’, a 'high ratio' or an insured mortgage, mortgage default insurance is required for any purchase with less than 20% down payment. With this in mind, this article was written to offer the best possible advice on how to lower your mortgage default insurance or CMHC costs. [...] The post Mortgage Default Insurance Canada: How to Pay Less appeared first on Mortgage Rates Ontario | Mortgage Broker | Altrua Financial ..read more

An updated framework for analyzing and estimating mortgage rate trends In a surprise move, the Bank of Canada (BoC) increased their overnight or prime rate from 4.50% to 4.75%. Here we will look at why this happened and what to expect over the next 6 - 12 months for mortgage rates. In summary, [...] The post Bank of Canada Prime Rate Increases: Where From Here? appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 3.44 ..read more

An updated framework for analyzing and estimating mortgage rate trends In a surprise move, the Bank of Canada (BoC) increased their overnight or prime rate from 4.50% to 4.75%. Here we will look at why this happened and what to expect over the next 6 - 12 months for mortgage rates. In summary, [...] The post Bank of Canada Prime Rate Increases: Where From Here? appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 3.44 ..read more

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The variable vs fixed mortgage rate decision is one of the biggest a borrower will make when selecting their mortgage.  It's a decision that will affect a homeowner for years to come and could be the difference in literally thousands of dollars of interest cost.  In 2023, as significant inflation [...] The post Testing – Variable vs Fixed Mortgage: The Ultimate Guide for 2023 appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 3.44 ..read more

Whether or not to apply for a reverse mortgage in Canada is one of the most important decisions a homeowner can make when planning their retirement.  It's a decision that will affect your financial well being and quality of life for the precious years to come, and also factors squarely into estate planning and [...] The post Reverse Mortgage Canada: Ultimate Guide in 2023 appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 3.44 ..read more

There are multiple parts to the home shopping process. There are logistics to consider, and timing is a factor as well. It's important to have a strategy in place and to be efficient with every step. This is all especially important when competing with other buyers to get a specific property. This brings us [...] The post Sit Down with George Dmitrovic, Realtor: Getting Pre Approved and Shopping for a Home appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 3.44 ..read more

With an impending Bank of Canada rate increase occurring on March 2, 2022 many are wondering if they should be locking in a mortgage rate or making a change to their mortgage. With the variable rate, the inevitability of higher rates was always part of the plan. But the questions now are, what will [...] The post Should I Lock in my Mortgage Rate? Your Comprehensive Guide in 2022 appeared first on Mortgage Broker Kitchener Waterloo - 5 YR Fixed Rates 1.64 ..read more