Justin Hintz, Mortgage Professional

03/14/2025

Prime rate came down 0.25% again this week to give variable rate holders another rate decrease. This is the seventh consecutive rate drop from the Bank of Canada. It's the first time in a couple years that we now have variable rates lower than fixed. It's great to see rates coming down across the board.

If your mortgage is up for renewal and you're thinking of taking some equity out of your house in 2025, please reach out to me via DM, text or email. We have some incredible options right now on refinances for both rentals and principle residences.

Send a message to learn more

01/29/2025

The Bank of Canada lowered their key interest rate by 25 basis points this morning. This should bring mortgage prime rate to 5.20%. If you have an adjustable rate mortgage, your payment will come down accordingly. Keep in mind, it takes at least a month for it to be reflected on your payment.

If you have any questions, don’t hesitate to reach out.

09/09/2022

Back to School...Prime Rate Increases 0.75%

12/18/2020

My clients are selling their home and it’s gorgeous! Please contact Matthew Havelka - Winnipeg Realtor to schedule a showing.

Amazing turnkey home in Pulberry. MOVE IN READY! Tons of upgrades! Large living room, big bay window allowing loads of natural light into the house. Newer...

12/03/2020

I need to get better at posting on here a bit more regularly. That being said, things are going great at Ideal Mortgage Solutions. Today, I wanted to highlight cash-back mortgages. If you have an existing mortgage, I can transfer or renew it and get you a solid rate with a nice cash-back. For example, a five year fixed rate of 2.29% gets you a 3% cash-back! So if your mortgage is $300k, you'll get $9k from the lender when the mortgage closes. The lender covers the legal fees as well to transfer. There are also options available for 1%, 1.5%, and 2% cash-backs. If you have any questions about that, you know who to call.

03/27/2020

More Breaking News: For the third time this month, the Bank of Canada has dropped their overnight lending rate by 0.5%. We should find out how the lenders react later today.

This will affect anyone who has a variable rate mortgage or balances on both secured and unsecured lines of credit. Once lenders announce their response to this (which should be a drop in prime rate), I will update my page.

The central bank slashed interest rates for a third time in a matter of weeks, and announced what appears to be a large scale asset purchase program to help shield the nation’s economy from coronavirus fallout.

03/23/2020

Just a heads up that fixed rates are going to be rising quite a bit tomorrow night. It will be busy but I’ll be available all day to answer questions and send in applications. If you gave a renewal or refinance coming up, now is the time to act. Don’t hesitate to call or email any time.

03/18/2020

I am posting this again as our office has been getting multiple calls on this today. If your income has been effected by the Covid virus, please call your lender and let them know about your situation. I've included phone numbers for many of the bigger lenders in Canada and the details of the program in the post below. This program is very new and we are still learning about it's implementation, but I do know that lenders and insurers have publicly stated they want to help. If you need some support, don't hesitate to call or email me.

03/17/2020

Mortgage Payment Relief - Covid-19

If you or someone you know has run into tough financial times due to the effects of the virus, I want to do whatever I can to help you get through this. Whether I assisted you with your mortgage or not, please know you can call or message me at any time and I will be happy to assist if you have questions or need clarification. That being said, here is something that may help.

Insurers (CMHC, Genwroth, and CG) already had programs in place with the banks/lenders that allowed them to capitalize up to 4 monthly payments. Today they announced that they will consider extending the program to allow up to 6 months of capitalization provided that:

1. Original insured loan amount is not exceeded
2. Request to cap payments is received prior to Sept 3, 2020
3. Bank/lender confirms the capitalization is being applied reasonably to help mitigate short-term financial difficulty resulting from COVID-19.

The insurers have several other default management tools available which include: payment deferral, loan re-amortization, and other special payment arrangements. All assistance options will be considered on a case by case basis.

The programs are facilitated through the banks/lenders and therefore you should contact your lender directly for further assistance.

Some banks/lenders have their own assistance options as well.

Here is a list of customer service numbers:

B2B 1 800 263 8349
BMO 1-877-895-3278
Bridgewater 1-866-243-4301
CIBC 1-800-465-2422
CMLS 1-888-995-2657
Optimum 1-866-441-3775
Equitable 1-888-334-3313
Connect First 403-736-4000
First National 1-888-488-0794
Haventree 1-855-272-0051
Home Trust 1-855-270-3630
HSBC 1-888-310-4722
ICICI 1-888-424-2422
Manulife 1-877-765-2265
MCAP 1-800-265-2624
Merix 1-877-637-4911
Marathon 1-855-503-6060
RBC 1-866-809-5800
RFA 1-877-416-7873
RMG 1-866-809-5800
Scotia 1-800-472-6842
Servus 1-877-378-8728
Street Capital 1-866-683-8090
TD 1-866-222-3456

As mentioned, I'm here to assist ANYONE with any questions that you may have. The economic impact that this virus has had on society is no joke and we will get through this. But I want you to know what mortgage options you have available.

Justin
204-999-8318