With Canadians and the Canadian economy facing an unprecedented level of uncertainty due to the ongoing COVID-19 pandemic, the Bank of Canada has reassured prospective homeowners that its interest rates will remain at a near historic low for several years to come. The Bank’s Governing Council...
When you are preparing to purchase a new home, you will be introduced to plenty of new jargon related to your mortgage. Purchase Plus Improvement is one of the important ones - because understanding this term could end up saving you lots of money in...
Your relationship with your mortgage broker does not just cover the purchasing of your first home. If you have a good relationship with your mortgage broker, it should exist for the entirety of your adult home-buying life. Purchasing a home can be an overwhelming and...
The mortgage world can be a tricky one to enter. As interest rates keep fluctuating and qualifying rules keep changing, you can be left feeling thoroughly confused and overwhelmed. Don’t worry! Our expert team of Capital Mortgages agents and brokers are here to help. Have...
Buying your first home can be an overwhelming venture. If you are not financially-savvy, then terms such as ‘amortization period’ and ‘variable-rate mortgage’ may have you scratching your head in confusion. To help ease some of your worries, our expert team of brokers at Capital...
The beginning of every new year presents a blank page -- a fresh start which offers you the chance to begin the year on the best foot. If you hope to become more financially savvy in 2019, then take a look at these top financial...
Your relationship with your partner will experience many exciting milestones: your first kiss, moving in together, getting engaged, having children… But one of the most important steps in your relationship will be buying a home together and getting your first mortgage. A home will likely...
If this is your first time getting a loan or mortgage, the process can seem overwhelming. To make it simpler, we've broken the process down into five easy-and important-steps: Determine a borrowing budget You'll want to be realistic about what amount you can borrow based on your...
Are you downsizing to a smaller home this year? Perhaps your children have flown the nest, or maybe you’re finding it difficult to maintain such a large home -- either physically or financially. Whatever the reason, there are a few things you should take into...
Is the interest rate a major factor in any mortgage-making decision? Absolutely. Is the interest rate the only thing that matters when choosing a mortgage? I don’t believe so. The (un)importance of rates Just as the ‘price’ of your next major purchase – say a car – is...
The long awaited and anticipated interest rate announcement was released from the Bank of Canada this afternoon. As many expected, the Bank of Canada raised the interest rate to 1.25% - the highest level since 2009. A strong Canadian economy, as demonstrated by a positive...
Whether you want to buy a new home or you are looking for a refinancing plan on your existing mortgage, if you are not careful you could easily fall prey to those ultra-low interest rate deals that have in the recent past flooded the market....