Ramanand Mortgage Services Inc.

10/26/2022

Interest rates increased by 0.50% basis points.

10/07/2022

FUNDED & CLOSED.

Client was initially declined by bank and other agents. After analyzing their income properly, funded and closed this deal in 7 days.
Congratulations to my client for refinancing this property.

If you’re looking for similar results and professional agent to guide you throughout the process. Contact me below.

📲 289.952.1838.
📧 [email protected]

Deepak Ramanand
Mortgage Agent
Ramanand Mortgage Services & Mortgage Intelligence.

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07/21/2022

The Bank of Canada's historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

07/20/2022

Canada's inflation rate rose to 8.1 per cent last month, Statistics Canada says, the fastest annual increase in the cost of living in decades.

The data agency said gasoline was the biggest single contributor to the overall rate going up, as pump prices were up by 54.6 per cent compared to the same month a year ago.

Another major source of inflation this year has been food prices, which rose by 8.8 per cent in the past year.

On top of higher prices for food and gasoline, the data agency documented a surge in demand and prices for travel-related services.

Prices for accommodation rose by about 50 per cent across the country compared with a year ago, and the cost of air transportation rose by 6.4 per cent in the month, and is up by 25 per cent compared to a year ago.

Although the 8.1 per cent figure is the fastest annual increase since 1983, economists had been expecting the rate to come in even higher, with a consensus of those polled by Bloomberg forecasting a rate of 8.4 per cent

After raising its benchmark rate by the biggest amount in 20 years last week, the bank is forecast to keep raising lending rates, although perhaps not as aggressively as before. 
"We expect the bank to continue hiking in September, albeit with a more moderate 50-point move at that time," Porter said.

07/19/2022

Due to Bank of Canada’s rate hikes, homeowners are having difficulty time keeping up with the mortgage payments.

Increasing amortization of mortgage from 30 to 35 years is one of the solutions to this problem.

We got your back, let’s talk.

📱 289.952.1838
📧 [email protected]

🇨🇦

07/14/2022

The Bank of Canada has raised its policy rate for the fourth consecutive time in 2022, bringing it to 2.50% from a pandemic low of 0.25%.

According to most Canadian economists, a historic labour squeeze, soaring food and energy prices, and rising interest rates with Canadian households carrying high amounts of debt are pressures that will push the economy into a mild and short recession in 2023.

All variable mortgages now have a prime rate of 4.7%.

The next rate-setting day is September 7, 2022.

Now is the time to get in touch for a review of your mortgage strategy. It's important to get advice and a professional assessment of your situation if you want to switch your mortgage for a new rate, need a new mortgage, are renewing, or looking to refinance for debt consolidation, renovations, or other large expenditures.

📱 289.952.1838
📧 [email protected]

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07/13/2022

There’s always a solution. Even If you have low credit score and looking for purchase or refinance of your mortgage we have the options.

Contact me 289.952.1838 and lets start working.

07/06/2022

Banks can lend you upto 80% of appraisal value of your property. Let in touch and lets clear your debts.

06/28/2022

Just like the saying goes, “when 1 door closes another opens”. Why get stuck with 1 option when you can have multiple. Call me to find your right fit.

06/22/2022

Cheap is not always better

06/01/2022

Here it is. Rates increased!!

Next update on July 13, 2022.

The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.

05/29/2022

I’m happy to share that I’m starting a new position as Real Estate Agent at SaveMax! Being a Real Estate and Mortgage agent I give you best of both world and a one stop shop for your financing and housing needs.
If you're looking to , , or contact below.
Save Max Works With a Clear Objective of Providing the Best Services with Minimum Cost to our Clients.
Sell Max with Save Max! ☎️ 289.952.1838


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