Mortgages Foundations

Blog by Mortgages Foundations

Bank of Canada Holds Interest Rate Steady Amid Trade Uncertainty

Bank of Canada Holds Interest Rate Steady Amid Trade Uncertainty

By Mortgages Foundations

The Bank of Canada announced on April 16, 2025, that the policy interest rate will remain at 2.75%. This decision reflects trade uncertainty and economic challenges. Learn how this impacts inflation, growth, and Canada's economy, including potential scenarios for homeowners and businesses.
17.04.25 02:02 PM - Comment(s)
What is a Debt Consolidation Mortgage

What is a Debt Consolidation Mortgage

By Mortgages Foundations

High-interest debt from credit cards or loans can make it hard to efficiently manage your finances and can lead to falling behind on payments; even minimum payments can be tough to make when debt gets out of control. If you have the equity available in your home, a debt consolidation mortgage m...

12.11.24 06:25 PM - Comment(s)
The Mortgage Foundations Client Journey

The Mortgage Foundations Client Journey

By Mortgages Foundations

In order to make sure that every client's file is set-up for success right up to and past closing day, Mortgage Foundations follows a Client Journey. Today, we will discuss the steps involved throughout the Client Journey and explain what happens at each step in the process.

The first step in th...

25.10.24 02:15 PM - Comment(s)
Private Mortgages Explained

Private Mortgages Explained

By Mortgages Foundations

Today, I am going to discuss private mortgages, the difference between the types of private mortgage lenders, as well as explain some common uses and risks of a private mortgage.

First, it is important to note that a private mortgage is not for everyone, and your Mortgage Broker should exhaust all o...

03.10.24 06:27 PM - Comment(s)
Goodbye to the Stress Test for Uninsured Switches

Goodbye to the Stress Test for Uninsured Switches

By Mortgages Foundations

In as many weeks, Canadians got another big announcement when it came to mortgages last week, and it may lead some to think, what's next? After the federal government announced surprise changes to amortization and maximum purchase prices for insured mortgages a couple weeks ago, the Office of t...

30.09.24 07:17 PM - Comment(s)