by Marco Abballe | Jun 12, 2020 | Blog, Economy, Homeownership, Mortgage
While interest rates shouldn’t be your sole focus when securing a mortgage, they do represent an important part of the financing equation. Since the COVID-19 pandemic began, the Bank of Canada (BoC) has announced several unscheduled benchmark rate reductions....
by Marco Abballe | Jun 5, 2020 | Announcements, Blog, CMHC, Finance, Mortgage
The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...
by Marco Abballe | May 22, 2020 | Blog, Finance, Homeownership
There are a number of reasons why refinancing your mortgage before your current term is up makes good financial sense. The most popular ones include taking advantage of lower rates or using your home equity to consolidate debt, fund renovations, ease cashflow or even...
by Marco Abballe | May 15, 2020 | Blog, Homeownership, Mortgage
Am I ready now? How will I even know when I’m ready? Buying your first home is exciting and scary all at the same time. Much like other major milestones, such as getting married and starting a family, there’s really no such thing as being completely ready. But when...
by Marco Abballe | May 8, 2020 | Blog, Homeownership, Mortgage
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
