For many homeowners and potential homeowners, one of the first questions that comes up when shopping for a mortgage is "what is the interest rate on my mortgage?". Of course, the interest rate is important; however, even more important is the Annual Percentage Rate, or APR, since this...
Categories
- Uncategorized
(4)
- Financing
(0)
- Investing
(0)
- Mortgage
(22)
- Mortgages
(10)
- Real Estate
(0)
Tags
Blog tagged as Interest Rates
13.06.24 05:19 PM - Comment(s)
As expected by many, the Bank Of Canada announced this morning that it was cutting the policy interest rate by 25 basis points from 5% to 4.75%. Most lenders are expected to follow suit and cut their prime rate by an equal amount, meaning most will now be at 6.95%.
This was the first...
05.06.24 08:50 PM - Comment(s)
So, you're thinking about refinancing your mortgage? Well, let me break it down for you. Refinancing your mortgage can be a great way to potentially save money, but like anything in life, there are pros and cons to consider. Let's start with the pros. One of the biggest advantages of refi...
29.05.24 02:27 PM - Comment(s)
So, let's talk about the benefits of getting a mortgage pre-approval. If you're thinking about buying a home, this is definitely something you'll want to look into. It can save you time, money, and a whole lot of stress in the long run, so it's definitely worth considering. First off, what exactly i...
22.05.24 01:55 PM - Comment(s)
Sure, let's dive right into the topic of mortgages and specifically look at the differences between insured, insurable, and uninsurable mortgages. First, let's start with what an insured mortgage is. An insured mortgage is a type of mortgage that is backed by mortgage insurance. Mortgage insurance i...
22.04.24 02:44 PM - Comment(s)
