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Renewal Guide On Getting The Best Mortgage Renewal Deal

Is your mortgage about to expire? Upon the expiration of your mortgage term, you will have several choices, including renewal and refinancing. Among other criteria, what you do may have an impact on the amount you are expected to pay at each instalment. It can…

A Brief Guide To Construction Mortgage For Property Owners

Are you planning to build a new home? You can keep more money each month by using home construction mortgage to pay for the building expenses of your property while it is being developed. When building on land you own or will buy, many financing…

4 Proven Ways to Pay Off Your Mortgage Faster

Do you have a mortgage that needs to be paid back? Are you aware of all the choices available for paying off your mortgage faster? If you are planning to complete your mortgage repayments before the mortgage period ends, you can potentially save thousands of…

When Can You Refinance A Mortgage?

Purchasing a new house is an exciting event with a lot to be done, regardless of whether you’ve done it all before or this is your first time. What would happen if mortgage interest rates dropped below your present rate while you were still settling…

Bank of Canada (BOC) Interest Rate Drops By 25 Basis Points To 4.75%

The much awaited news for mortgage borrowers is here. The Bank of Canada lowered interest rates by 25 basis points to 4.75%. The Bank of Canada’s policy rate, also known as a benchmark rate or overnight rate influences a bank’s prime rate, which impacts interest…

How Much Of Deposit Is Required For A Commercial Mortgage?

The first step to navigating the world of commercial real estate frequently entails acquiring a commercial mortgage, regardless of whether you’re an investor looking to diversify your portfolio, an entrepreneur eyeing a new office space, or a business owner looking to acquire a commercial property….

5 Steps Involved In A Commercial Loan Application Process

Want to apply a commercial mortgage application? Wondering how the commercial loan application process works? Knowing or understanding every stage of the mortgage process can be difficult and frustrating, especially if you are a first-time borrower. Every mortgage application is different and requires individual planning…

All About Commercial Mortgages in Abbotsford!

Are you looking for a commercial mortgage? A commercial mortgage is a loan secured for a property that is not currently held by you. There are no predetermined rates for these mortgages, which mean that each application presented to a borrower is extensively searched and…

Best Alternatives To Commercial Real Estate Loans

A commercial loan is the most popular form of funding for commercial real estate purchases and its success depends on many factors in addition to the interest rate. One of the most important aspects is loan-to-value ratio, which indicates the portion of the property’s value…

5 Reasons To Consider Refinancing Your Mortgage

Refinancing involves paying off your current mortgage and obtaining a new one with new terms, including a different loan size, interest rate, and amortization period. At any point during the term of your mortgage or at renewal, you have the option to refinance.  Homeowners typically…

How Do Construction Mortgage Works in British Columbia?

Are you going to apply for a construction mortgage? Unsure if you qualify for a construction loan? Similar to a residential mortgage, homeowners can apply for a construction mortgage to cover the costs of financing a renovation or building project. These mortgages are a perfect…

What Do You Need For Your Mortgage Renewal Application?

Is the term of your present mortgage about to expire? Do you intend to renew your mortgage? Each mortgage contract has a set duration, referred to as the mortgage period, which can be anywhere from a few months to more than five years. If you…

Fulfill Self-employed Mortgage Requirements To Get Approved

Are you self-employed and want to get your mortgage approved? There are many difficulties in being a self-employed individual, but obtaining a mortgage shouldn’t be one of them. Even though some lenders may find it difficult to lend to self-employed borrowers, there are still many…

How To Get A Commercial Loan In Canada- Pros & Cons!

Are you planning to buy a commercial property? When business owners are willing to buy a property for commercial purposes, they take out commercial mortgages. There are many types of commercial loans or mortgages available to choose from, including buy-to-let mortgages, which are acquired with…

Mortgages for First-Time Homebuyers In Canada Allowed For 30 Years

New to Canada? Planning to buy your first home? The goal of becoming a homeowner seems to be becoming more and more unattainable for young Canadians with the allowance of 30 years amortization period on brand new home purchases. Over the past few years, skyrocketing…

Types Of Commercial Mortgages in Canada You Can Apply For

Commercial real estate investing can be a lucrative opportunity for long-term financial success and growth, particularly for small business owners seeking to make a strong foundation for their business.   In order to navigate the complex world of commercial mortgages for those looking to invest in…

Is Refinancing The Best Choice To Pay Off Your Debt?

Want to save on interest rates? This could be the ideal time to refinance your mortgage and free up some cash to pay off that high-interest credit card debt. With interest rates rising and household debt on the rise, it’s better to opt for refinancing…

Types of Mortgage Refinancing- Which One Is Best For You?

Planning to refinance and looking for the possible refinancing options available? Refinancing is a financial strategy related to mortgages and help eligible mortgage borrowers to switch from a higher interest rate to a lower one. Whether you want to save money, lower your monthly payments…

Benefits Of Getting Mortgage Pre-Approval Before Home Hunting

Buying a home is one of the biggest financial decisions you’ll ever take. No matter, you are a seasoned investor or a first-time home buyer, becoming a homeowner may be an exciting and daunting experience. Getting a mortgage pre-approval is an important step that gets…

Fixed Rate or Variable Rate Mortgage- Which One To Choose?

Planning to apply a mortgage to buy a property in Canada? As a prospective homebuyer, you must be aware of the type of mortgages and rates available in the market to make the right choice. A mortgage broker in Surrey, BC can help you make…

Mortgage Affordability & Its Key Factors in Canada

Are you on the lookout to find a home? Canadians love buying and switching homes and have a deep love for mortgages too. With the rising mortgage rates and the changing mortgage pricing, the big question that often arises is how much can you afford…

Why Should One Not Delay Their Mortgage Refinancing

Within the ever-converting panorama of the actual property marketplace, timing is everything. In case you’re a owner of a house who secured a mortgage while interest charges have been higher, now is the time to act. Mortgage refinancing can be a game changer. It will…

Understanding The Difference Between a Banker and a Broker

Even as looking for a home mortgage, the possible consumer may both get assisted through a mortgages banker or broker, in which each help in preparing the right mortgage. But, the mortgages banker works for lending establishments like banks, etc., from whom the mortgages is…

Your Guide To Commercial Loans in Principle: Things To Consider!

Getting a commercial mortgage can be an exciting move. However, it’s also a big decision that you need to think about carefully. So, it’s always wise to make sure you are aware of the pros and cons. Are you looking into taking out mortgage or…

Mastering Your Mortgage With CMHC Payment Calculator

Whether you’re a seasoned homeowner or a first-time buyer, understanding the intricacies of your mortgage is crucial. If you know anything about the Canadian mortgage market, you have likely heard of CMHC mortgage insurance for those with a lesser down payment.  Satbir Bhullar has the…

Things To Remember Before Renewing Your Mortgage in Surrey

Renewing your mortgage is paying off your current mortgage and getting a new one with the same lender. The mortgage renewal process is an excellent way to save money.  If you do not want to keep paying the same amount on your mortgage every month,…

Conquering Self-Employed Mortgages in Abbotsford

The mortgage landscape for self-employed homeowners can be markedly different from those with a traditional employment income. Being self-employed often leads to variable income streams, tax deductions, and complexity in verifying income. These factors can make the process of securing a mortgage more challenging. However,…

Tips To Get Easy First-time Home Buyer Mortgage Approval

Considering purchasing your first home? If you’re a first-time home buyer, you may be so much desperate to own a property you can call yours and may need some financial assistance to make your dream of owning a home come true. When it comes to…

How Commercial Loans can Solve Cash Flow Needs in Your Business?

Every entrepreneur knows the feeling – that exhilarating rush of running your own business, coupled with the constant worry about cash flow. You have brilliant ideas for growth but lack the upfront capital to make them happen. Maybe you need to invest in new equipment,…

Construction Loans 101: What You Need to Know

Embarking on a construction project, whether building your dream home or renovating an existing property, can be an exciting yet daunting endeavor.  One crucial aspect of such projects is financing, and this is where construction loans come into play. If you’re in Surrey and considering…

What Does A Mortgage Broker Do?

In the homeownership journey, navigating the complex world of mortgages can be daunting. From understanding various loan options to finding the best deals, it’s easy to feel overwhelmed.  This is where a Surrey mortgage broker steps in to simplify the process and help you secure…

Things To Avoid When Applying For a Mortgage

Securing a mortgage is a significant milestone in one’s life, often marking the transition to homeownership or investment in property. However, the journey towards obtaining a mortgage can be fraught with challenges, especially if you need to be mindful of certain pitfalls. In this guide,…

A Comprehensive CMHC Guide For First-Time Home Buyers

Buying your first home is an exciting milestone, but it can also be a daunting process, especially when it comes to understanding the financial aspects involved. One crucial element that first-time homebuyers often encounter is the Canada Mortgage and Housing Corporation (CMHC).  Whether you’re navigating…

5 Tips to Get the Best Home Purchase Mortgage Rates in Canada

Are you planning to apply a mortgage to buy your first home? When searching for your first home, you must be aware of the tips and tricks to ensure you get the best mortgage rates in Canada. Getting a competitive home purchase mortgage with flexible…

6 Amazing Benefits of Applying for a Home Equity Loan

Are you planning to apply for a home equity loan? If yes, you must need to know the uses as well as benefits of this loan type. There are two primary types of loans available when you need credit: one is secured loans, which need…

Renewing Your Mortgage in 2024? What Should You Expect?

When it comes to personal finance, few decisions carry as much weight as renewing your mortgage. As we’ve stepped into 2024, many mortgage borrowers find themselves at the threshold of renewal. For residents of Abbotsford and beyond, understanding the dynamics of this process is essential…

How To Navigate Your Mortgage Renewal With A Higher Interest Rate?

When it comes to mortgages, even the difference in interest rates can bring about a great change. These interest rates will sometimes move up and down for multiple reasons, and the market (both the Canadian market and the economy) can have a huge impact on…

Understanding The Ins & Outs Of Home Purchase Mortgage

Are you planning to buy your first home? Unaware of how a mortgage works? Mortgage is a financial adventure that empowers individuals to buy a property with lenders’ money they need to pay later in installments. The mortgage industry trends change over time depending on…