Govinda Chhetri- Grade A Mortgages Ltd.

10/16/2026

🌺🙏 HAPPY DASHAIN ! 🙏🌺

On the auspicious occasion of Vijaya Dashami, I extend my heartfelt wishes to all my dear family, friends, well-wishers, valued clients, and their loved ones.

May Goddess Durga bless you and your family with good health, happiness, peace, prosperity, and success. May this beautiful festival strengthen our bonds, bring joy to every home, and inspire new beginnings filled with hope and positivity.

I am truly grateful for your continued love, trust, support, and encouragement.

Wishing you and your family a joyful, blessed, and prosperous Dashain!

शुभ विजयादशमी को शुभकामना!

09/24/2026

09/03/2026

MORTGAGE RENEWAL vs. REFINANCE

What’s the difference?

RENEWAL - You’re continuing your existing mortgage for another term usually with the same lender.

REFINANCE - You’re restructuring your mortgage, often to access equity, consolidate debt, or change your financing or for better rates.

MORTGAGE RENEWAL
✅ Benefits
• Usually no appraisal cost or legal cost if renewed with the same lender
• Generally no penalty at maturity
• Opportunity to negotiate a better rate
• Simpler

⚠️ Considerations
• Usually doesn't provide additional cash
• Your lender's renewal offer may not be the best rate
• Limited ability to restructure your finances
• May not address high-interest consumer debt

MORTGAGE REFINANCE
✅ Benefits
• Access equity in your home
• Consolidate high-interest debt
• Potentially reduce monthly debt payments
• Fund renovations or major expenses
• Change amortization, rate or mortgage structure
• Combine multiple debts into one payment

Considerations
• You must qualify for the refinance
• Appraisal and legal/discharge costs may apply
• A penalty may apply if refinancing before maturity
• You’re increasing the debt secured against your home
• A longer amortization can mean more total interest

DON'T JUST SIGN THE RENEWAL!
When your lender sends you a renewal offer, don't assume it's your best option.

Take the opportunity to review:

📌 Your interest rate
📌 Mortgage term
📌 Prepayment privileges
📌 Penalties
📌 Other lender options

And remember...

A lower monthly payment doesn't always mean you're saving money.

If short-term debt is rolled into a mortgage and stretched over many more years, you could end up paying significantly more interest without a proper repayment strategy.

For expert advise, please call 778-388-4430.

09/02/2026

No changes in the prime rate today.Bank of Canada maintains policy rate at 2.25%.The BOC says the rate remains unchanged as the economy shows signs of a rebound, despite ongoing inflation pressures and global uncertainties. Canada's Prime Rate is currently 4.45%. The next BOC interest rate announcement is scheduled for October 28, 2026. Thanks

08/19/2026

A win that paid me $0 — and I’m completely okay with that.

A friend of mine recently had his mortgage coming up for renewal. He was with one of the major banks and had been paying 6.3% on a fixed mortgage.

We sat down, went over his situation, and looked at the different options. After reviewing everything, we realized that the best strategy for him was actually to stay with his current lender ,but negotiate the rate.

He followed the advice, negotiated with the lender, and finally secured 3.65% on a 5-year variable rate.

The result? About $600 less in monthly payments!

That’s a pretty great win. 🎉

And the funny part? I earned $0 from this.

But honestly, I don’t mind at all. As a mortgage broker, my job isn’t always about making a deal. Sometimes it’s simply about helping someone make the decision that is genuinely best for them even if that means I don’t earn anything from it.

Money will come. The satisfaction of helping someone save $600 every month? That’s already a win.

If you’re approaching your mortgage renewal, don’t just accept the first offer you receive. Let’s look at the whole picture and figure out what makes the most sense for you and I am a call away 7783884430

07/23/2026

Buying or renting?

07/15/2026

No changes in the prime rate today.Bank of Canada maintains policy rate at 2.25%.The BOC says the rate remains unchanged as the economy shows signs of a rebound, despite ongoing inflation pressures and global uncertainties. Canada's Prime Rate is currently 4.45%. The next BOC interest rate announcement is scheduled for September 2, 2026. Thanks

06/10/2026

No changes in the prime rate today.Bank of Canada maintains policy rate at 2.25%. Canada's Prime Rate is currently 4.45%. The next BOC interest rate announcement is scheduled for July 15, 2026. Thanks

04/29/2026

No changes in the prime rate today.Bank of Canada maintains policy rate at 2.25%. Canada's Prime Rate is currently 4.45%. The next BOC interest rate announcement is scheduled for June 10, 2026. Thanks