Mindblown: a blog about philosophy.
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Would You Qualify for a Mortgage in 2025? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
58% of Gen Z and millennials aim to buy homes in the next five years despite rising costs. To qualify for a traditional mortgage, credit scores should range between 620 to 680 or higher.
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Happy Family Day | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…
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Renewing your mortgage in 2025? Here’s how you can save
Many Canadians will face mortgage renewals in 2025, with over 1.2 million mortgages coming up for renewal. Most will encounter higher rates than when they first took out their loans, with current rates between 4% and 4.5%. This could increase monthly payments by about $250 for a $400,000 mortgage. To save money, it's advised to…
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Happy Valentine’s Day | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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Bank Ceos See Mortgage Risk Easing | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Canadian mortgage renewal risks are easing due to lower interest rates, with many borrowers expected to renew at reduced rates.Bank CEOs are worried about potential U.S. tariffs on Canadian imports, fearing economic damage and uncertain long-term impacts.
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New Year, Better Mortgage Rates: Tips to Get You There | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Pay balances three days pre-statement to lower utilization ratios, significantly boosting your credit score quickly.Accept credit limit increases to reduce utilization, improve credit health, and strengthen your profile responsibly.
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Can New Mortgage Rules Help Buyers in 2025? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Canada's housing market in 2025 shows signs of improvement, with lower borrowing costs and new mortgage rules.New rules include 30-year mortgages and higher price caps, making it easier for buyers to qualify.
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What to expect from 2025’s first Bank of Canada interest rate update
Canadians are anticipating the Bank of Canada's first interest rate update of the year on January 29, following a recent cut from 3.75% to 3.25%. The unemployment rate has risen to 6.8%, prompting speculation of another rate cut due to slowing inflation at 1.8%. Experts suggest that tariff uncertainties and recession threats may influence the…
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Mortgage Digest: CREA updates 2025 forecast with higher sales and price growth
The Canadian Real Estate Association (CREA) has slightly increased its 2025 home sale and price growth forecasts, expecting 532,704 homes to sell, an 8.6% rise from 2024. The national average home price is projected to reach $722,221, a 4.7% increase. The Canada Revenue Agency will implement changes to the capital gains inclusion rate starting June…
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Early Mortgage Termination: What Are the Penalties? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Breaking a mortgage contract early often results in a penalty fee determined by your interest rate. Penalties for fixed-rate mortgages are typically higher, based on Interest Rate Differential (IRD), while variable rates are simpler.
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