Mortgage Blog
Working For You, NOT The Banks!
Category: Mortgages (7 posts)
Before you lock in your variable rate - read this
March 22, 2023 | Posted by: Michael Boccia
In times of economic uncertainty, when interest rates trend upward, we tend to see a significant push of variable rate holders looking to lock into a fixed rate term.Of course, the security of knowing ...
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What is a HELOC?
March 15, 2023 | Posted by: Michael Boccia
What Is A HELOC? In its simplest form, a HELOC works somewhat like a credit card. You can borrow money up to a certain credit limit set by your lender and then pay back the borrowed amounts along w ...
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The Difference Between a Banker and a Broker
March 8, 2023 | Posted by: Michael Boccia
While we have likely already done business together, and you understand the difference between a banker and a broker, it might be worth a quick refresh, in case you have a friend or fam ...
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Bank of Canada Raises Overnight Rate by 1%
July 14, 2022 | Posted by: Michael Boccia
The Bank of Canada (BoC) announced an additional 100 Basis Point Rate (1 percent) increase in the overnight lending rate. This will lead to Prime rates being changed at Canada’s major banks to ...
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Should You Pay Off Your Mortgage Early?
May 25, 2020 | Posted by:
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...
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Should You Spend the Full Mortgage Amount You're Approved For?
April 27, 2020 | Posted by:
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
April 20, 2020 | Posted by:
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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