Mortgage Related News
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Bank of Canada Cuts Policy Rate by 0.25%
Bank of Canada Cuts Policy Rate by 0.25% โ What It Means for You Good news for Canadian borrowers! ๐ After three consecutive meetings with no change, the Bank of Canada has announced a 0.25% decrease to its policy rate, bringing the prime rate down to 4.70%. This is welcome relief for many Canadians who
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Pre-Qualification vs Pre-Approval: What Homebuyers Need to Know
Pre-Qualification vs Pre-Approval: What Homebuyers Need to Know When it comes to buying a home, many people hear the terms pre-qualification and pre-approval and assume they mean the same thing. While they sound alike, the difference between the two is significantโand understanding it can make or break your homebuying journey. What is Pre-Qualification? Pre-qualification is
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HELOC vs Refinance โ Which One is Right for You?
HELOC vs Refinance โ Which One is Right for You? Homeowners often reach a point where they want to tap into their home equity. The big question is: should it be done through a HELOC or a refinance? Hereโs a clear breakdown to help make sense of the differences. What is a HELOC? A HELOC
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Celebrating 4 years in Business
๐ ๐ช๐๐๐๐๐๐๐๐๐๐ 4 ๐๐๐๐๐ ๐๐ ๐ฉ๐๐๐๐๐๐๐! ๐ Today marks 4 incredible years since I took the leap into the world of mortgages โ a world that was entirely new to me. For those who donโt know my story:I didnโt come from a financial background. I had no customer service experience. I started while raising two
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Bank of Canada Holds Rates Steady as Tariff Clouds Linger
Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that the unpredictability of the magnitude and
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Credit Score Recipe (How credit score is formed)
How Is Your Credit Score Actually Formed? Letโs Break It Down Your credit score is more than just a number โ itโs your financial reputation. Whether you’re planning to buy a home, refinance, or just want better rates, understanding how your score is calculated can help you make smarter choices. Hereโs a quick breakdown of
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Bank of Canada Holds Steady โ No Change in Prime Rate
๐ข Bank of Canada Holds Steady โ No Change in Prime Rate The Bank of Canada announced today that there will be no change to the policy interest rate. As a result, the prime lending rate remains steady at 4.95%. What does this mean for you? โ Variable-Rate Mortgages:No change in your payments for variable-rate
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GST Rebate on New Homes Up to $1.5 Million
GST Rebate on New Homes Up to $1.5 Million If youโre a first-time home buyer in Canada, May 27, 2025 could become a milestone date for you. The federal government has announced a major housing affordability initiative that could save you up to $50,000 on your first home! This new GST relief program is aimed
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Understanding Default Mortgage Insurance in Canada
Understanding Default Mortgage Insurance in Canada: What Every Homebuyer Should Know Buying a home is one of the biggest financial steps you’ll ever takeโand for many Canadians, getting approved for a mortgage with less than a 20% down payment means youโll also need default mortgage insurance. But what exactly is it, why do you need
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Understanding the Different Types of Insurance When Buying a Home
Understanding the Different Types of Insurance When Buying a Home Buying a home is one of the biggest investments you’ll make in your lifetime โ and protecting that investment is just as important as finding the perfect property. There are several types of insurance you may need (or want) when purchasing a home in Canada.
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Lenders Potluck Organized by Mainstream Mortgages
Lenders’ Potluck Organized by Mainstream Mortgages Behind Every Successful Mortgage Broker Is a Strong Lender Relationship โ A Recap of Our 2nd Annual Lenders Potluck At DLC Mainstream Mortgages, we know that relationships fuel results โ and our 2nd Annual Lenders Networking & Potluck Event was a beautiful reminder of just that. We welcomed lenders
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Rent-to-Own Agreements: What Tenants Need to Know Before Signing
Rent-to-Own Agreements: What Tenants Need to Know Before Signing Are you thinking about signing a Rent-to-Own agreement because youโre not eligible for a mortgage today? ๐ก Rent-to-Own can seem like a great option for those who are not quite ready to buy a home โ maybe your credit score isnโt where it needs to be,
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Homeownership Seminar #4: Another Successful Event!
Homeownership Seminar #4: Another Successful Event! This past weekend, we wrapped up our 4th Homeownership Seminar, and it was an incredible success! ๐กโจ Iโm so thankful to everyone who attended, shared their questions, and engaged with the valuable insights we covered. The goal of these seminars has always been to simplify the homeownership process and
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Announcing 4th Edition of Homeownership Seminar!
Announcing 4th Edition of Homeownership Seminar! EXCITING NEWS! Weโre thrilled to announce the ๐๐ญ๐ก ๐๐๐ข๐ญ๐ข๐จ๐ง ๐จ๐ ๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐๐จ๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐๐๐ฆ๐ข๐ง๐๐ซ, ๐ก๐๐ฉ๐ฉ๐๐ง๐ข๐ง๐ ๐จ๐ง ๐๐๐ญ๐ฎ๐ซ๐๐๐ฒ, ๐๐๐ซ๐๐ก ๐๐๐ญ๐ก, ๐๐ซ๐จ๐ฆ ๐๐ ๐ญ๐จ ๐ ๐๐! GET AHEAD OF THE REAL ESTATE RUSH! Join our exclusive seminar to gain insider knowledge and make smart, confident decisions in todayโs market. ๐๐๐๐ ๐๐๐โ๐๐ ๐๐๐๐๐:
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Gurpreet Bansal, has officially joined as a Licensed Mortgage Professional!
Gurpreet Bansal, has officially joined as a Licensed Mortgage Professional! Iโm beyond excited to share that my husband, Gurpreet Bansal, has officially joined me in the mortgage industry as a ๐๐ข๐๐๐ง๐ฌ๐๐ ๐๐จ๐ซ๐ญ๐ ๐๐ ๐ ๐๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ! ๐ผ๐ ๐น๐๐๐ ๐ ๐ข๐๐๐๐๐ก๐๐๐ ๐๐ ๐๐โ๐๐๐ ๐กโ๐ ๐ ๐๐๐๐๐ ๐ก๐ ๐๐๐ค ๐ค๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐, ๐บ๐ข๐๐๐๐๐๐ก ๐๐๐๐๐๐ โ๐๐ ๐ก๐๐โ๐๐๐๐๐ ๐๐ฅ๐๐๐๐ก๐๐ ๐ ๐ป, ๐๐๐๐๐๐๐ก๐๐๐ ๐ช, ๐๐๐ ๐๐๐ ๐ ๐๐๐
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Good News For First Time Homebuyers
Starting today, December 15th, two exciting changes are here to make homeownership more accessible for those with less than a 20% down payment. 30 Year Amortization for Resale Properties and Purchase Price Limit Increased to 1.5M.
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New actions to build secondary suites and unlock vacant lands to build more homes
Govt. unveiled a series of initiatives to encourage the construction of secondary suites and unlock underused land for housing. These changes present incredible opportunities for homeowners and our communities.
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Registered Retirement Savings Plan (RRSP) Withdrawl Limit Increase to $60,000
The government announced an increase in the maximum amount that first-time homebuyers can withdraw from their Registered Retirement Savings Plan (RRSP) to buy a home. The previous limit was $35,000, and it has been raised to $60,000, effective for withdrawals made after March 19, 2019.