Mortgage Blog
Your source for alternative & hard to place mortgages in the GTA and across Ontario
October 23-2024: Bank of Canada reduces policy rate by 50 basis points to 3.75%
October 23, 2024 | Posted by: The Lend Pros
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. ...
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Looking to Sell Your Home? 10 Amazing Tips to Help You Get the Best Value
October 22, 2024 | Posted by: The Lend Pros
Selling a home is a significant financial decision; naturally, you want to secure the best possible value for your property. Whether you're a mortgage broker, real estate agent, or a homeowner looking ...
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Is a Reverse Mortgage Right for You?
October 8, 2024 | Posted by: The Lend Pros
A reverse mortgage is a great financial tool for homeowners over 55 who want to stay in their homes while accessing the value they've built up over the years. It provides additional income, eliminates ...
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Lower Inflation: What are the impacts of this for Canadian homeowners
September 24, 2024 | Posted by: The Lend Pros
As inflation trends downward, many Canadian homeowners ask what this means for their financial future, particularly regarding their mortgage payments. Inflation plays a significant role in shaping int ...
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With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?
September 6, 2024 | Posted by: The Lend Pros
With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage?* The simple answer? It could be! But as with most financial decisions, a few factor ...
read moreSept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%
September 4, 2024 | Posted by: The Lend Pros
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. ...
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How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?
August 23, 2024 | Posted by: The Lend Pros
As a Canadian homeowner, you're probably hearing a lot of buzz about falling interest rates. You might be wondering, "Is this the right time to refinance my mortgage?" The short answer is, it could be ...
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What are Alternative Mortgage Lenders?
August 8, 2024 | Posted by: The Lend Pros
In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play ...
read moreJuly 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%
July 24, 2024 | Posted by: The Lend Pros
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. ...
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7 Financial Tips for People Looking to Buy an Investment Property in Canada
July 19, 2024 | Posted by: The Lend Pros
Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...
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