Are you seeking ways to ease the financial burden of your mortgage while still enjoying the benefits of homeownership? If you’re in the vibrant cities of Scarborough, Brampton, Mississauga, Oshawa, Barrie, Vaughan, Toronto, or Richmond Hill, Ontario, you’re in the right place. In this comprehensive guide, I’ll uncover the secrets of mortgage refinancing and show you how it can be a game-changer for your financial situation. Whether you’re looking to reduce your monthly payments or access extra funds, keep reading to discover the pathways to saving money through mortgage refinancing.
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Mortgage Refinancing: How to Save Money on Your Mortgage
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Should You Refinance or Renew Your Mortgage?
Are you at a crossroads with your mortgage, wondering whether it’s time to renew or refinance? Deciding between these options can significantly impact your financial well-being, and that’s where I come in. As a seasoned Mortgage Broker serving Scarborough, Brampton, Mississauga, Oshawa, Barrie, Vaughan, Toronto, and Richmond Hill, Ontario, I’m here to guide you through this crucial decision-making process. In this guide, we’ll dive into the differences between mortgage renewal and refinancing, helping you make an informed choice that aligns with your goals and circumstances.
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Is A Variable Rate Mortgage Right For Me?
When you get a mortgage, there are many features to consider. One of the key decisions is whether to go with a fixed or variable rate mortgage. As fixed-rate mortgages continue to climb, homebuyers looking for a mortgage have to work fast to get low rates while they still can. Fortunately, even while fixed-rate rates keep increasing, rates on variable mortgages remain steady at record lows. As an expert in the field, Mohit Verma - Mortgage Broker has written down information that will help you decide if a variable rate mortgage is right for you.
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Canadians Now Owe Over $260 Billion In HELOC Debt, A New All-Time Record
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadians-now-owe-over-260-billion-in-heloc-debt-a-new-all-time-record/
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Canada’s Over 30% More Dependent On Real Estate Than The US In 2006, Shows GDP
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadas-over-30-more-dependent-on-real-estate-than-the-us-in-2006-shows-gdp/
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Flight To The Burbs: Every Real Estate Market In Ontario Is Outperforming Toronto
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Daniel Wong
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/flight-to-the-burbs-every-real-estate-market-in-ontario-is-outperforming-toronto/
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5 Canadian Housing Market Predictions for 2021
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By: Ainsley Smith
Original Article Posted on: December 28, 2020
Link to Original Article: https://torontostoreys.com/housing-market-predictions-zoocasa-2021/
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Q3 Lender Earnings: The Unexpected Recovery
Original Article Source Credits: canadian mortgage trends, https://www.canadianmortgagetrends.com
Article Written By: Steve Huebl
Original Article Posted on: November 30, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/q3-lender-earnings-the-unexpected-recovery
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Optimism Returns to the Markets. Could Fixed Rates Start to Rise?
Original Article Source Credits: canadian mortgage trends, https://www.canadianmortgagetrends.com
Article Written By: Steve Huebl
Original Article Posted on: November 11, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/
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Canadian Mortgage Debt Passes 80% Of GDP For The First Time
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: NA
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-mortgage-debt-passes-80-of-gdp-for-the-first-time/
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Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals
Original Article Source Credits: CANADIAN MORTGAGE TREND , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: August 31, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/08/latest-in-mortgage-news-osfi-changes-rules-for-mortgage-deferrals/
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Stress Test Rate to Fall to 4.79%
Original Article Source Credits: CANADIAN MORTGAGE TRENDS, https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: August 11, 2020
Link to Original Article: https://www.canadianmortgagetrends.com/2020/08/stress-test-rate-to-fall-to-4-79/
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Lowest Mortgage Rates Ever Spur Historic Jump in Bond Supply
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Christopher Maloney
Original Article Posted on: August 10, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/lowest-mortgage-rates-ever-spur-143000951.html
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‘It’s the lowest we’ve ever been’ — mortgage rates drop through the floor with some as low as 1.65%
Original Article Source Credits: The Star , https://www.thestar.com/
Article Written By: Tess Kalinowski
Original Article Posted on: Aug. 7, 2020
Link to Original Article: https://www.thestar.com/business/2020/08/07/you-can-get-a-fixed-rate-as-low-as-184-per-cent-which-is-unbelievable-low-mortgage-rates-driving-up-home-prices.html
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CMHC reports annual pace of housing starts in Canada increased in June
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By : The Canadian Press
Original Article Posted on : July 9, 2020
Link to Original Article: https://ca.finance.yahoo.com/news/cmhc-reports-annual-pace-housing-124735636.html
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Canada Took A Small Hit To Inflation During Pandemic: StatCan
Original Article Source Credits: HuffPost , https://www.huffingtonpost.ca/
Article Written By : Canadian Press
Original Article Posted on : 07/13/2020
Link to Original Article: https://www.huffingtonpost.ca/entry/canada-inflation-bank-of-canada_ca_5f0cb006c5b6310dc157068e?utm_hp_ref=ca-business&guccounter=1
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Canadian Seniors Raiding Their Home Equity With Reverse Mortgages Picks Up Again
Original Article Source Credits: Better Dwelling, https://betterdwelling.com/
Article Written By : NA
Original Article Posted on :
Link to Original Article: https://betterdwelling.com/canadian-seniors-raiding-their-home-equity-with-reverse-mortgages-picks-up-again/
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This Weeks Top Stories: Canadian Mortgage Debt Rises As 743,000 Households Defer Payments, And Reverse Mortgages Boom
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By : NA
Original Article Posted on :
Link to Original Article: https://betterdwelling.com/this-weeks-top-stories-canadian-mortgage-debt-rises-as-743000-households-defer-payments-and-reverse-mortgages-boom/
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Canadian Mortgage Rates Hit All-Time Low
Original Article Source Credits: HuffPost , https://www.huffingtonpost.ca/
Article Written By : Daniel Tencer
Original Article Posted on : 06/10/2020
Link to Original Article: https://www.huffingtonpost.ca/entry/mortgage-rates-canada-housing_ca_5ee0f6cdc5b6147d6025a7c4
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Five-Year Fixed Mortgage Rate Drops to 1.99% for First Time in Canada
Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/
Article Written By : Toronto Storeys
Original Article Posted on : June 9, 2020
Link to Original Article: https://torontostoreys.com/hsbc-dropped-5-year-fixed-mortgage-rate/