Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank’s extraordinary forward guidance on the path for...Read More

According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits homeowners in several ways, including reduced monthly payments and better mortgage rates True to fact, refinancing helps to save money. However, it needs to be done for the right...Read More

Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests for many reasons. Fortunately, you should not give up hope -you have options to improve your credit score, reapply and get your mortgage application approved. Nobody loves getting the news that...Read More

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank’s extraordinary forward guidance on the path for the overnight rate...Read More

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower’s information to determine their creditworthiness. Pre-approval is an in-depth review of the borrower’s financial situation and credit score to determine the mortgage application’s status. While both terms sound almost similar, pre-approval often puts...Read More

Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer’s due diligence in calculating how much mortgage they can afford. Mortgage affordability depends on several factors that lenders use at their discretion to determine if and how much they can accord. Buying a property with a mortgage is...Read More

Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the process. Before settling on a Mortgage Broker, there are questions that you should ask. Explained below are the top 10 questions you should...Read More

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of � %, with the Bank Rate at � % and the deposit rate at � %. With overall economic slack now absorbed, the Bank has removed its...Read More

Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to � %, with the Bank Rate at � % and the deposit rate at � %. The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance...Read More

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1�% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25....Read More