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Bank of Canada Rate Announcement July 10th, 2019

Bank of Canada Rate Announcement July 10th, 2019

by Marco Abballe | Jul 10, 2019 | Announcements, Blog, Mortgage

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. Evidence has been accumulating that ongoing trade tensions are having a material effect on the global...
Why Did My Neighbour Get a Better Rate?

Why Did My Neighbour Get a Better Rate?

by Marco Abballe | Jul 5, 2019 | Blog, Finance, Homeownership, Mortgage

You’re in the market for a mortgage and you want to find the best rate. Your neighbours have been bragging about their low rate and you want the same. Since everyone’s situation is different, however, and there’s no one-size-fits-all option, it’s best to avoid making...
How Do Mortgage Brokers & Agents Get Paid?

How Do Mortgage Brokers & Agents Get Paid?

by Marco Abballe | Jun 28, 2019 | Blog, Finance, Homeownership, Mortgage

You’re ready to buy a home and you’ve laid out the groundwork to formulate a successful mortgage strategy. Your next step is to consult with a professional mortgage broker or agent who will guide you through the entire process of obtaining your mortgage to help...
More Single Women are Buying Homes

More Single Women are Buying Homes

by Marco Abballe | Jun 21, 2019 | Finance, Homeownership, Mortgage

Housing market trends are constantly changing. Factors such as the economy, house prices, inflation and interest rates all play a role in market fluctuations. Just as important, however, is the role of the individual buyer and, today, one of the most influential and...
What Documents Do I Need to Fund My Mortgage?

What Documents Do I Need to Fund My Mortgage?

by Marco Abballe | Jun 14, 2019 | Finance, Homeownership, Mortgage

Realizing your dream of homeownership is an exciting journey, but finalizing the mortgage process can be a bit cumbersome, particularly when it comes to the trail of seemingly endless documents you’re required to submit.   The extensive paperwork throughout the...
What Can I Expect to Pay for Closing Costs?

What Can I Expect to Pay for Closing Costs?

by Marco Abballe | Jun 7, 2019 | Economy, Finance, Mortgage

There are numerous costs associated with buying a home. While the most common expenses that come to mind include down payment, moving and real estate commissions, there are also additional fees you must pay when the deal closes, known as closing costs.   The term...
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