Uncategorized 29 Dec 2023 What is the Prime Rate in Canada? What is the Prime Rate (or prime lending rate) you ask? The prime lending rate in Canada is a base rate used by commercial banks to determine the rate at which they lend you money.… CMSpeople
Blog 23 Dec 2023 How to Get the Lowest Mortgage Rates in Canada The lowest mortgage rates in Canada are very much dependent on the overall profile of the borrower, and luckily for you, you’ll have full control over the factors that help you qualify for the best… nkad3
Uncategorized 15 Dec 2023 What is Mortgage Portability? Mortgage Portability Defined: Mortgage portability is when you sell your existing home and transfer your mortgage to your newly purchased home. So just like you, your mortgage can move too! Imagine being in a scenario… CMSpeople
Uncategorized 08 Dec 2023 Everything you need to know about Mortgage Payment Frequency While monthly mortgage payments are the standard for many homeowners, choosing a different mortgage payment frequency can help pay off your mortgage sooner, or at the very least, make it easier to manage your household… CMSpeople
Blog 01 Dec 2023 Mortgage Stress Test – What is it? What is the Mortgage Stress Test? Simply put, mortgage borrowers must qualify (on paper) at an interest rate that is the higher of: The rate being offered by the bank (the ‘contract rate’) + 2.00%… nkad3