Real Estate Blog for Buyers & Sellers

Category: Mortgage (18 posts)

  • May 4, 2022
  • Melissa Berrigan

How is a Private Mortgage Different Than a Traditional Bank Mortgage

Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate

  • April 13, 2022
  • Melissa Berrigan

Bank Of Canada Rate Update April 13, 2022

Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼%

  • March 2, 2022
  • Melissa Berrigan

Bank Of Canada Rate Update March 2, 2022

Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin

  • January 26, 2022
  • Melissa Berrigan

Bank Of Canada Rate Update January 26, 2022

Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at

  • January 5, 2022
  • Melissa Berrigan

How Much of A Mortgage Can You Afford?

How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage

  • December 15, 2021
  • Melissa Berrigan

Prequalification and Pre-Approval—What is the Difference? Home Buying in Comox Valley, British Columbia

What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter

  • December 8, 2021
  • Melissa Berrigan

Bank Of Canada Rate Update December 9, 2021

Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent

  • November 24, 2021
  • Melissa Berrigan

What to do if You Are Denied a Mortgage

What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f

  • November 3, 2021
  • Melissa Berrigan

How to Know if it's Time to Refinance

How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits

  • October 27, 2021
  • Melissa Berrigan

Bank Of Canada Rate Update Oct 27, 2021

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with

  • October 6, 2021
  • Melissa Berrigan

What Is Home Equity and How Can I Build It?

Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen

  • September 8, 2021
  • Melissa Berrigan

Bank Of Canada Rate Update Sept 8, 2021

Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun

  • August 18, 2021
  • Melissa Berrigan

Getting a Mortgage as a Student

Purchasing a home is most likely one of the most sizable purchases most of us will ever make, and finally, buying a home is a dream come true for most. For students, it may seem like this dream is fo

  • August 4, 2021
  • Melissa Berrigan

What Happens if You Lose Your Job Before Closing?

A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not

  • July 21, 2021
  • Melissa Berrigan

How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in Comox Valley, British Columbia

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with

  • July 14, 2021
  • Melissa Berrigan

Bank Of Canada Rate Update July 14, 2021

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ per

  • July 7, 2021
  • Melissa Berrigan

Risks of Putting Down a Firm Offer with a Pre-Approval Comox Valley, British Columbia

Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin

  • June 9, 2021
  • Melissa Berrigan

Bank Of Canada Rate Update June 9, 2021

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rat