Sanaz Rezaei Team

10/13/2025

02/14/2025

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01/28/2025

Have you considered borrowing to invest in your RRSP? Ask us how!

01/20/2025

When purchasing a home, it’s important to budget for closing costs, which typically range from 2% to 5% of the home’s purchase price. These costs can include title insurance, appraisal fees, and other necessary services. Understanding and preparing for these expenses in advance can help ensure a smoother closing process and avoid surprises along the way. Work with your real estate agent to get a clear estimate of your closing costs so you can plan your finances effectively and confidently step into homeownership.

12/26/2024

May your holidays sparkle with moments of love, laughter, and goodwill, and may the year ahead be full of contentment and joy. Have a Happy Holidays! 🥂🎉

12/11/2024

A drop in the Bank of Canada’s overnight rate can have a significant impact on your mortgage, depending on its type. Here is what it could mean for you:

1. Variable-Rate Mortgages
If you have a variable rate-mortgage, a decrease in the overnight rate typically leads to a reduction in your mortgage interest rate. This means lower payments or more of your payment going towards the principle, helping you to pay off your mortgage faster.

2. Fixed-Rate Mortgages
For fixed-rate mortgages, the immediate impact of a rate drop is minimal, as your rate and payments remain unchanged for the term of your mortgage. However, lower overnight rate could lead to reduced fixed rates in the future, benefiting you if you’re planning to renew or refinance.

3. HELOCs ( Home Equity Lines of Credit)
if you have a HELOC, which typically has a variable rate tied to the prime rate, you will likely see a decrease in your interest rate, lowering your borrowing costs.

4. New Mortgage Applications
a drop in the overnight rate may result in lower overall mortgage rates, taking it an excellent opportunity for prospective buyers to secure a more affordable mortgage.

If the Bank of Canada signals ongoing rate eductions, it could also influence market trends and consumer behaviour, further shaping borrowing conditions.

12/09/2024

New Home Owner Renovation program: a new guideline make it easier for homeowners to add a unit to their existing property by offering insured mortgages that allows borrowing upto 90% of the property’s value after renovation. For more details, call us at 604 727 7755 @2025

12/06/2024

Are your first time homebuyers? With new government guidelines, you can qualify easier to buy your first home in Canada, effective Dec 15th of 2024! For more info, contact us at 604 727 7755.

12/02/2024

Here are some tips for renewing your mortgage:
- Review options
- Use a mortgage broker
- Get a rate hold

11/28/2024

Buying a property is major financial commitment. What would happen to this monthly payment if you had to stop working due to illness or an accident? With Universal Loan Insurance, you will receive a monthly benefit to help you with mortgage payments. Coverage of up to $10000 and can be transferred from one mortgage to another throughout the life of contract. For more information, please call us at 604 727 7755.

11/21/2024

Effective today, OFSI no longer requires stress test for uninsured straight switches at renewal. For more info, call us at 604 727 7755

11/20/2024

Did you know new mortgage guidelines are coming into effect on Jan 15 of next year where consumers will have an easier access to funds to add a new suite to their current home. For more info, call us at 604 727 7755.
# mortgages