Mindblown: a blog about philosophy.
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Mortgage Dilemma: Fixed vs. Variable Rates | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Fixed-rate mortgages offer stability with unchanging monthly payments throughout the term. Variable-rate mortgages have payments that change with interest rate fluctuations, posing potential risks.
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Upcoming June inflation data could open door to 2nd Bank of Canada rate cut
Canada's central bank is set to review inflation data before deciding on interest rates, following a surprise increase in May. Economists predict a return to lower living costs, suggesting another rate cut. June's consumer price index figures will be released by Statistics Canada. Businesses foresee high costs and borrowing rates, but fewer anticipate a recession.…
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Avoid Hidden Costs: Checks Before Signing Your Mortgage | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Review the contract carefully to ensure you are getting the agreed-upon interest rate and understand any lender fees. Be aware of your prepayment privilege and any prepayment penalties associated with paying off your mortgage early.
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Bank Rate Cuts’ Mortgage Impact | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Rate Cuts Impact: Bank of Canada rate cuts may not lower mortgage costs. Variable vs. Fixed Mortgages: Variable-rate mortgages respond to cuts; fixed rates depend on bond yields.
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When to Sell Your Commercial Property? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
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How to avoid the financial misery that comes with too much mortgage
The stress of a hefty mortgage can have serious financial consequences, including impacting one's lifespan. Many regret taking on large mortgages due to factors like high home prices and unrealistic expectations of continuous price increases. To avoid financial strain, it's advised to maintain a buffer in your budget and have sufficient liquidity post-home purchase. Additionally,…
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Bank of Canada rate cut faces three key risks
Chief economist Douglas Porter analyzes the effects of Bank of Canada's rate cut on the Canadian dollar, housing market, and wage growth. The Canadian dollar remains stable, housing market activity is limited, and wage growth is challenging with a 5.4% increase in June. Unemployment rate rose to 6.4% in June due to student unemployment and…
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Pros and Cons of Loans With Zero Down | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
You can skip the wait time required to save for a down payment and become a homeowner sooner. You'll face higher monthly payments and interest rates due to the lack of a down payment.
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How Much Did Calgary’s Mortgage Income Increase? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Calgary has become one of Canada's hottest Real Estate markets, driving up the income needed to qualify for mortgages.The average-priced home in Calgary was ~$587K.
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Mortgage Broker vs. Bank: Which Will Save You More? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can show you a wider range of mortgages from different lenders, while banks only offer their own mortgages.Mortgage brokers represent your interests during the application process, while you deal directly with the lender at a bank.
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