Found 2 blog entries tagged as mortgage renewal.

As a homeowner, one of the crucial financial decisions you'll face is renewing your mortgage. Understanding the process, evaluating your options, and staying informed about market trends are essential steps to ensure you make the right choices for your financial well-being. In this article, we'll talk about what you need to know about renewing your mortgage.

1. The Basics of Mortgage Renewal:

Before you dive into the nitty-gritty of renewal, understanding the basics is paramount. Start by knowing the expiry date of your current mortgage term and be aware of any fees involved. Early preparation can save you from unnecessary surprises and give you a head start in making informed decisions about your financial future. Reach out to a mortgage broker…

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best mortgage rate in Canada

One question many Canadians are asking is are higher fixed mortgage rates here to stay? At the September policy meeting, the Bank of Canada (BoC) raised interest rates by 75 basis points, bringing the benchmark rate to 3.25 per cent, maintaining its hawkish approach to monetary policy. The central bank signalled that it would be prepared to keep pulling the trigger on rate hikes until there is sufficient evidence the consumer price index (CPI) is showing signs of coming down.

Although the Canadian annual inflation rate has eased from its 30-year high of 8.1 per cent in August, officials conceded that this was driven mainly by gasoline prices. The national economy endured “a further broadening of price pressures, particularly…

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