Karen Low - Quantus Mortgage Solutions

03/06/2025

03/03/2025

01/30/2025

This morning, the Bank of Canada cut their policy rate by another .25% bringing it to 3.00%. Most lenders are expected to drop their Prime Rate in the upcoming days. 🏦💰

Here's what it means for you:

🏠 Homeowners: Contact your mortgage broker to explore refinancing and renewal options that could save you $$$.

🏠 Homebuyers: Now's the time to reach out to a mortgage broker. If you've been waiting to get pre-approved, start the process now.

💳 Borrowers: If you have loans or credit card debt, consider paying them down more effectively. Call your bank to explore balance transfers or reducing credit card interest rates.

📊 Savers: Your savings interest rates might change. Check with your bank to see if you need to tweak your plan.

12/11/2024

An early Christmas present was just dropped by the Bank of Canada as they have cut their policy rate by another .50% bringing it to 3.25%.

Most lenders are expected to drop their Prime Rate to around 5.45% 🏦💰

Here's what it means for you:

🏠 Homeowners: Contact your mortgage broker to explore refinancing and renewal options that could save you money.

🏠 Homebuyers: Now's the time to reach out to a mortgage broker, as qualifying may become a bit easier. If you've been waiting to get pre-approved, start the process now.

💳 Borrowers: If you have loans or credit card debt, consider paying them down more effectively. Call your bank to explore balance transfers or reducing credit card interest rates.

📊 Savers: Your savings interest rates might change. Check with your bank to see if you need to tweak your plan.

10/23/2024

The Bank of Canada has lowered the overnight lending rate by 0.5% to 3.75%. This means variable rates are dropping. 🏦

Here's what it means for you:

🏠 Homeowners: Contact your mortgage broker to explore refinancing and renewal options that could save you money.

🏘️ Homebuyers: Contact a mortgage broker, as qualifying just got a bit easier. If you've been waiting to get pre-approved, now is the time to start the process.

💳 Borrowers: If you have loans or credit card debt, now might be a good time to pay them down more effectively. Call your bank to view their options for balance transfers or reducing credit cards to a lower interest rate.

📊 Savers: Your savings interest rates might change. Check with your bank to see if you need to tweak your plan.

P.S. Your mortgage broker can help with all these areas, connecting you to the right resources and solutions.

10/17/2024

A rundown on all the mortgage changes for first-time homebuyers and current homeowners that have come out in 2024.

09/17/2024

Rule changes as of yesterday!

Mortgage rule changes - good news!

09/04/2024

🎉 Big-ish news, folks! The Bank of Canada has just reduced the overnight lending rate to 4.25%! 🏦💰

What does this mean for you?

Mortgage Holders: Reach out to your mortgage broker and see if renegotiating/refinancing your mortgage can save you some bucks. 🏠✨
Savers: This might affect your savings interest rates. Check with your bank to see if you need to adjust your strategy. 📊
Investors: Lower rates could mean growth in certain market sectors. Talk to your advisor about any potential moves. 📈
Debt Owners: Got a loan or credit card debt? This could be your chance to pay it down more efficiently. 💳🔥

PS

Did you know your mortgage broker can help with all the above? Whether it's connecting you to the right person or products, we're here for you.

07/24/2024

🍁 The Bank of Canada lowered the overnight lending rate by 0.25% this morning. 🏦

What does this mean for you?

🏡 Mortgage Holders: If you have a variable-rate mortgage, you might see your payments drop. It's a good time to chat with your lender or mortgage broker about renewing early and/or locking in a rate now for a refinance.

🏠 Home Buyers: Thinking about purchasing a home? Lower interest rates can lead to more affordable financing options for homes.

📊 Business Owners: This could be an opportunity to invest in your business with more favourable borrowing costs. It could also be time to make a larger purchase, like a car or equipment.

Every financial decision should be made based on your personal situation, NOT what the rates are doing.

Reach out to your broker to make the most of these changes! 💼💡

04/03/2024

Q- YEG at Verico Round table