Lloy Adams Mortgages

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03/23/2026

If your mortgage is maturing in the upcoming 3-4 months, I encourage you to reach out to your mortgage specialist. Markets are pretty volatile at the moment and there is a high degree of speculation that interest rates will be increasing. If you secure something now and rates increase, you have nothing to worry about. If rates do happen to decrease though, you still get the lower rate. Win-win for you!

03/17/2026

Canadians are able to save up to $50,000 on your first home.

Last week, Bill C-4 became law — officially eliminating the GST for first-time home buyers on new homes up to $1 million, and reducing it on new homes between $1 million and $1.5 million.

10/23/2024

Big smiles created by Bank of Canada this morning. 50% drop in the overnight rate. This rate cut offers immediate relief to variable rate mortgage holders, bodes well for homeowners coming up for renewal and opens up more feasible options for Buyers looking to secure mortgage funding!

09/16/2024

Out of Ottawa this morning:
Effective Dec 15, 2024

🏡 Insured mortgage (less than 20%) cap has been increased from $1M to $1.5M

Perhaps more enticing though,

🏡 First Time Home Buyers can extend insured mortgage over 30 years rather than 25 years (previously only permitted for new builds). This will impact the amount a borrower can qualify for as well as improve monthly cash flow.

More information to follow as it becomes available.

07/25/2024

BoC offered a little more relief to Canadians suffering under the weight of mortgage rates and other costs. Overnight rate dropped .25% to 4.50%.

04/29/2024

A pre-approval involves a thorough review of your finances, credit and employment history/income, giving you a working budget of how much you can borrow and what your payments will look like.

It's a crucial step in the home buying process, helping you understand your purchasing power and making you a more competitive buyer.

Reach out any time for free guidance and to start a pre-approval!

02/27/2024

If you’re creeping up on the maturity date for your mortgage, give me a call. We can start looking into securing a rate for you as early as 120 days out (4months). Between now and your maturity, if rates go lower, we can secure the lower rate; but if they go higher, you will have nothing to worry about as the lower is locked in. My full time job is devoted to watching mortgage interest rates and looking out for each client. Trust me, your current lender isn’t going to be calling you up to share that they’ve dropped your rate for you! Plus, your intentions with the property are absolutely vital in your product choice. I’ll explain the pros/cons of products and rates so that you can make an educated decision. Free call, no obligation; let’s chat about the biggest investment loan in your life!

02/20/2024

Please don’t stress. Often a simple conversation to answer questions will offset anxiety about impending renewals. I can help you explore options that will renew your confidence in your finances and mortgage. Always here for you to chat, no fee, no obligation!

11/11/2023

In Flanders Fields
BY JOHN MCCRAE

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie,
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

08/15/2023

Feeling frustrated? Sure has been challenging with rising costs of EVERYTHING! Please reach out to chat about potential options to relieve some of the pain of cash flow… preferably prior to resorting to crime!

05/03/2023

Oh dear. Who wants to tell her?! Lol

Feeling overwhelmed with debt? Reach out, there are often solutions to lift the weight of financial stress and get a fresh start! If you own a home, please reach out for options before committing to Bankruptcy or Consumer Proposal.

Address

London, ON
N6H2R8

Website

http://lloyadams.com/

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