MortgagesbyMehal

06/05/2024

03/06/2024

The Bank of Canada held its overnight target rate at 5.00% today.

Read the full statement here: https://ow.ly/OF6650QMA5O

The next BoC announcement is April 10.

02/27/2024

If you’ve found your dream home but it needs a little sprucing up, it’s worth checking out the ‘Purchase Plus Improvements’ program. It could be the perfect solution to turn that house into your perfect home! 🏚️➡️🏡

01/24/2024

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. A second mortgage will allow you to access 80% - 95% of your home equity, depending on your qualifications.

One of the attractive things about second mortgages is the payment. In most cases, you can pay interest only or interest plus the amount of principal you select.

For more information, reach out now

01/24/2024

https://www.canadianmortgagetrends.com/2024/01/bank-of-canada-sends-dovish-signals-keeping-mid-year-rate-cut-forecasts-in-play/

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it's been since July.

01/09/2024

Every homeowner was once a first-time home buyer, and Canada offers many programs to help first-time home buyers. Ranging from incentive programs to rebates and tax credits, even down payment assistance.

Contact me to learn what is available to you.

01/01/2024

Happy new year

12/31/2023

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as;

📌 Less competition, which gives the buyer more edge.
📌 Prices are coming down from the record highs, making homes more affordable.

What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run.

12/31/2023

High interest credit card debt can take years to pay off when making the minimum payment. Did you know that you can consolidate high interest debt into your mortgage by refinancing? A strategy like this can potentially free up hundreds of dollars a month depending on your situation.

Call me today to see if refinancing to pay off high interest debt is the right solution for you. Clink the link in the bio 🏡

12/26/2023