Category: Uncategorized
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How Will 2025-2026 Renewals Impact You? | Discover your path to homeownership with me today.
60% of Canadian mortgages will renew in 2025–2026, with five-year fixed borrowers facing ↑ 15–20% payment increases. ~25% of borrowers could see payments drop, especially those with variable-rate, variable-payment mortgages. 10% of fixed-payment variable-rate borrowers may face payment spikes over ↑ 40% due to negative amortization. Median mortgage debt service ratios will rise from 15.3%…
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Credit Scores Key to 2025 Housing Trends | Discover your path to homeownership with me today.
In 2025, stronger credit profiles support a more stable housing market compared to the 2000s. Buyers with higher credit scores access lower rates, more loan choices, and smoother approval processes. Today’s buyers are generally more financially qualified, raising competition and reinforcing market resilience. Good credit can save thousands annually by unlocking better mortgage terms amid…
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What You Must Know Before Co-Signing | Discover your path to homeownership with me today.
Co-signers are fully responsible for the mortgage if the main borrower can’t make payments. Co-signing affects your own credit and reduces your ability to borrow for future loans. Removing your name later isn’t automatic; the borrower must fully re-qualify at renewal time. Tax and legal consequences may apply, including capital gains and loss of first-time…
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Why Get Pre-Approved Before House Hunting? | Discover your path to homeownership with me today.
Mortgage pre-approval lets buyers know how much they can afford before beginning their Real Estate search. It helps narrow your property search to homes that match your approved mortgage budget. Sellers prefer pre-approved buyers, especially in competitive Real Estate markets with multiple offers. Pre-approval secures an interest rate for up to 120 days, shielding buyers…
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First-Time Buyers: Master Your Mortgage Journey | Discover your path to homeownership with me today.
Start by getting pre-approved to show affordability—credit score >720 boosts your mortgage options significantly. Compare mortgage options, including government programs and incentives like $5K tax credit or $60K RRSP withdrawals.
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Tips for First-Time Home Buyers in Canada
Canada's real estate market presents challenges for first-time home buyers due to limited supply, strict mortgage guidelines, and high prices. Government programs like the Home Buyers’ Plan, Home Buyers’ Tax Credit, and First Home Savings Account offer assistance. Buyers should evaluate their budget, understand local market conditions, and prepare for potential bidding wars. Mortgage pre-approval…
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Happy Long Weekend! | Discover your path to homeownership with me today.
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First-time homebuyer? Here’s what you need to know
Buying a first home involves deciding the type of property, assessing affordability, and understanding the local market. Consider your readiness to settle, budget for down payment and monthly costs, and factor in credit score and closing costs. Evaluate whether to rent or buy based on your situation. If your ideal home exceeds your budget, a…
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How to Negotiate Mortgage Rates
Negotiating your mortgage rate with lenders is essential, as initial offers are often higher than what you can secure. Key times to negotiate include obtaining a new mortgage, renewing an existing one, or when rates drop. Understanding posted rates, shopping around for better offers, and asking for lower rates can lead to significant savings. Using…
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What Really Drives Your Mortgage Rate Up | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Your mortgage rate isn’t random—it’s shaped by economic forces, lenders’ costs, and risk factors. Lenders borrow money too—your rate mostly depends on what it costs them to borrow.