Mortgage Influence - Sean Saffri

Mortgage Influence - Sean Saffri Our team is committed to deliver the best financing solution for each unique individual.

Key measures include raising the CMHC insured mortgage limit to $1.5 million, which will expand access for Canadians in ...
09/17/2024

Key measures include raising the CMHC insured mortgage limit to $1.5 million, which will expand access for Canadians in high-priced housing markets. That’s an increase from the current insured mortgage cap of $1 million.

Additionally, the government said it is also expanding access to 30-year amortizations to all first-time homebuyers in order to help reduce monthly payments.

Variable mortgage rates regaining traction as Bank of Canada cuts ratesThe decision by the Bank of Canada to cut its key...
09/09/2024

Variable mortgage rates regaining traction as Bank of Canada cuts rates
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.

Happy Labour Day, Canada! 🇨🇦 Today, we celebrate the hard work and dedication of every worker who helps build our nation...
09/02/2024

Happy Labour Day, Canada! 🇨🇦 Today, we celebrate the hard work and dedication of every worker who helps build our nation. Take a well-deserved break and enjoy this day with your loved ones. Here's to the strength, perseverance, and unity of our incredible workforce! 💪✨

With many homeowners across Canada facing a sharp rise in mortgage payments many have decided to bail, resulting in high...
08/24/2024

With many homeowners across Canada facing a sharp rise in mortgage payments many have decided to bail, resulting in highest number of Toronto housing units for sale in more than a decade

Key trends in mortgage and non-mortgage loansNon-mortgage loans are above the levels seen before the pandemic. Loans for...
08/15/2024

Key trends in mortgage and non-mortgage loans
Non-mortgage loans are above the levels seen before the pandemic. Loans for private passenger vehicles increase because of strong demand.Credit card balances affected by inflationary pressures.Home equity line of credit debt trends upward.Uninsured mortgage loans grow faster than insured ones as house prices increase.Newly originated uninsured mortgage loans shift to higher amounts.Value of newly originated mortgages declines in 2023 from earlier pandemic levels

Celebrate and embrace everything that makes BC special. Here’s to the breathtaking views and wonderful communities that ...
08/05/2024

Celebrate and embrace everything that makes BC special. Here’s to the breathtaking views and wonderful communities that make this place home! 🏡✨

Government announces 30 year amortizations for insured mortgages to put homeownership in reach for Millennials and Gen Z...
07/29/2024

Government announces 30 year amortizations for insured mortgages to put homeownership in reach for Millennials and
Gen Z.

Another Mortgage Approved and excited!
07/23/2024

Another Mortgage Approved and excited!

With the prospect for a lower rate climate growing in likelihood, both homebuyers and current homeowners looking to refi...
07/15/2024

With the prospect for a lower rate climate growing in likelihood, both homebuyers and current homeowners looking to refinance should take a judicious and nuanced approach to the mortgage rate environment, including the avoidance of simple but costly errors.

This includes not monitoring the evolving rate climate for new, lower-rate opportunities, locking in a fixed rate versus a potentially lower, adjustable-rate mortgage instead and not shopping around for the lowest rate and most competitive terms.

By sidestepping these mistakes now, buyers and owners will improve their chances for mortgage rate success, both this July and in the months ahead.

Canadian Mortgage Borrowers To Reduce Consumption Even After Rate Cuts: BoC
07/08/2024

Canadian Mortgage Borrowers To Reduce Consumption Even After Rate Cuts: BoC

More rate cuts are coming – but will they ease mortgage renewal pain?The forecast projected overall real GDP growth of 1...
06/27/2024

More rate cuts are coming – but will they ease mortgage renewal pain?
The forecast projected overall real GDP growth of 1.2% in 2024, slightly higher than the 1.0% growth predicted in April.
According to the central bank, about half of outstanding mortgages have already renewed their terms in the higher interest rate environment, with the remaining half set to do so in the coming years. Those yet to renew are largely households who benefited from the low interest rates during the COVID-19 pandemic.

“Yes, interest rates are going to go down, but we still have a big hump for these households that are going to be renegotiating,”

Wishing a beautiful Mother's Day to the woman who has shaped my life with love, kindness, and grace."
05/13/2024

Wishing a beautiful Mother's Day to the woman who has shaped my life with love, kindness, and grace."

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