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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,…
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Bank of Canada rate cut faces three key risks
Chief economist Douglas Porter analyzes the effects of Bank of Canada's rate cut on the Canadian dollar, housing market, and wage growth. The Canadian dollar remains stable, housing market activity is limited, and wage growth is challenging with a 5.4% increase in June. Unemployment rate rose to 6.4% in June due to student unemployment and…
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Pros and Cons of Loans With Zero Down | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
You can skip the wait time required to save for a down payment and become a homeowner sooner. You'll face higher monthly payments and interest rates due to the lack of a down payment.
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How Much Did Calgary’s Mortgage Income Increase? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Calgary has become one of Canada's hottest Real Estate markets, driving up the income needed to qualify for mortgages.The average-priced home in Calgary was ~$587K.
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Mortgage Broker vs. Bank: Which Will Save You More? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can show you a wider range of mortgages from different lenders, while banks only offer their own mortgages.Mortgage brokers represent your interests during the application process, while you deal directly with the lender at a bank.
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Mortgage renewal in 2024? Experts weigh in on how to get the best rate
Three-fifths of Canadians are worried about their upcoming mortgage renewal due to interest rate hikes. Experts suggest negotiating with lenders for better rates, shopping around, and considering shorter terms or variable rates. Extending the amortization period is also an option to lower monthly payments. Continue to full article
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Confusing Market: How Can a Mortgage Broker Help? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can search a wide network of lenders to find you the best rates and terms, saving you money. An experienced broker will listen to your needs and goals, then tailor a home loan solution that fits your situation.
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BoC Cuts Interest Rate for First Time in Four Years | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada cut the key interest rate for the first time in 4 years by 0.25% to 4.75%.This comes after a period of high inflation and to boost the economy which contracted in Q1.
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