Curtis Arnold Family Mortgage Guy

09/04/2024

And we keep going DOWN!

01/25/2023

Another rate hike by the Bank Of Canada.

In the first meeting of 2023, the Bank of Canada increased their overnight lending rate by 0.25%. This now brings the key interest rate to 4.5%.

We know this latest increase puts an even tighter stretch on your wallet—we feel the same pressure.

So, talk to the person who can give you an expert, unbiased opinion of your current situation…your local, friendly mortgage broker!

Let's do some quick math and make a plan for your future financial health.

12/07/2022

This is the last Bank of Canada interest rate announcement for 2022.
As most of you probably suspected, the Bank of Canada increased the prime lending rate yet again. The 50 basis point increase is the 7th increase this year in an effort to rein in inflation, bringing the current overnight rate to 4.25%.
These rate increases may have a big impact on your finances, whether you’re applying for a mortgage, or using a line of credit. If 𝘆𝗼𝘂’𝗿𝗲 𝗳𝗲𝗲𝗹𝗶𝗻𝗴 𝘂𝗻𝘀𝘂𝗿𝗲 𝗼𝗳 𝘄𝗵𝗮𝘁 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂, 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗮𝗻𝗱 𝗜’𝗱 𝗯𝗲 𝗵𝗮𝗽𝗽𝘆 𝘁𝗼 𝗮𝗻𝘀𝘄𝗲𝗿 𝘆𝗼𝘂𝗿 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀.

In its last meeting of 2022, the Bank of Canada increased its overnight lending rate again by .5%.

We know. It's not the present that we wanted this holiday season. And, if you have a variable-rate mortgage product, you already know you're going to be affected.

So, what do you do?

Give yourself the FREE gift of talking to your mortgage expert. Your mortgage broker will be able to run through your financial situation and figure out a plan for 2023.

04/13/2022

Here we are again! The Bank has raised rates by 0.5% today. This is the second time this year that rates have increased.

No matter how much rates go up, the advice remains the same:

1️⃣ Your variable rate mortgage is about to go up. It's not a huge increase. A rise of .5% on a $350,000 mortgage for example is $84 a month. The same logic will apply if you have a home equity line of credit (HELOC).

2️⃣ Your unsecured loan or line of credit may increase. If any loans are tied to the prime rate, you now have the privilege of paying your bank more interest each month!

3️⃣ Don't let an increase in rate cause a panic! Mortgages are more than just rates. Keep calm and call your mortgage broker.

12/23/2021

A Good News Story!

12/14/2021

What do you think about this?

I don't know who needs to hear this, but...

12/13/2021

Do you know someone in your community who deserves some recognition and appreciation this year? Nominate a community member who inspires you.

10/29/2021

In case this promo would be useful to you or someone you know, here it is. $500 towards closing costs could be yours!
And yes I'm still a Mortgage Broker, spread the word, Please!

HAPPY FRIDAY!