Category: Uncategorized
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Rent or Own? The Path to Owning Your Home | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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Weekly mortgage digest: Fixed rates trending downward
Fixed mortgage rates in Canada are decreasing due to lower bond yields, with the Government of Canada 5-year bond yield dropping by 20 basis points since early July. This has led to rate drops of 5-15 bps for certain mortgage types. Variable rate holders are likely to see a decrease in interest costs due to…
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Short-Term Fix or Long-Term Gamble? Mortgage Renewal Tips | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Over 2M mortgages in Canada will be up for renewal in 2025 and 2026. The Bank of Canada's key interest rate has gone from 1.74% in May 2019 to 4.75% today.
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What to Do With Inherited House and Mortgage? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Evaluate Options: Decide between selling the house or assuming the existing mortgage yourself post-inheritance.Financial Assessment: Calculate equity and costs like repairs, closing fees, and potential tax implications.
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Mortgage Dilemma: Fixed vs. Variable Rates | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Fixed-rate mortgages offer stability with unchanging monthly payments throughout the term. Variable-rate mortgages have payments that change with interest rate fluctuations, posing potential risks.
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Upcoming June inflation data could open door to 2nd Bank of Canada rate cut
Canada's central bank is set to review inflation data before deciding on interest rates, following a surprise increase in May. Economists predict a return to lower living costs, suggesting another rate cut. June's consumer price index figures will be released by Statistics Canada. Businesses foresee high costs and borrowing rates, but fewer anticipate a recession.…
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Avoid Hidden Costs: Checks Before Signing Your Mortgage | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Review the contract carefully to ensure you are getting the agreed-upon interest rate and understand any lender fees. Be aware of your prepayment privilege and any prepayment penalties associated with paying off your mortgage early.
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Bank Rate Cuts’ Mortgage Impact | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Rate Cuts Impact: Bank of Canada rate cuts may not lower mortgage costs. Variable vs. Fixed Mortgages: Variable-rate mortgages respond to cuts; fixed rates depend on bond yields.
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When to Sell Your Commercial Property? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
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How to avoid the financial misery that comes with too much mortgage
The stress of a hefty mortgage can have serious financial consequences, including impacting one's lifespan. Many regret taking on large mortgages due to factors like high home prices and unrealistic expectations of continuous price increases. To avoid financial strain, it's advised to maintain a buffer in your budget and have sufficient liquidity post-home purchase. Additionally,…