Mindblown: a blog about philosophy.
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Mortgage renewal in 2024? Experts weigh in on how to get the best rate
Three-fifths of Canadians are worried about their upcoming mortgage renewal due to interest rate hikes. Experts suggest negotiating with lenders for better rates, shopping around, and considering shorter terms or variable rates. Extending the amortization period is also an option to lower monthly payments. Continue to full article
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Confusing Market: How Can a Mortgage Broker Help? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can search a wide network of lenders to find you the best rates and terms, saving you money. An experienced broker will listen to your needs and goals, then tailor a home loan solution that fits your situation.
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BoC Cuts Interest Rate for First Time in Four Years | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada cut the key interest rate for the first time in 4 years by 0.25% to 4.75%.This comes after a period of high inflation and to boost the economy which contracted in Q1.
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5 Key Points to Determine How Much Your Home Is Worth | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Location: This includes proximity to desirable amenities, views, noise levels, etc. Comparable homes nearby: Look at recent sales prices of similar homes in your area.
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The Best Mortgage Renewal Rates in Canada
Get up to 40,000 Aeroplan points as a welcome bonus with a value of $800. Compare mortgage renewal rates to ensure the best deal. Fixed mortgage rates may rise, so it's a good time to explore options. Consider using a broker for new lenders or negotiate with your current lender for better rates. Continue to…
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Seven ways to fix Canada’s housing shortage
Home ownership in Canada, particularly Ottawa, is increasingly challenging. The Federal Government has introduced 30-year mortgages for first-time buyers and a Housing Accelerator Fund. RBC proposes measures such as increasing construction workers, enhancing productivity, expediting approvals, permitting more housing density, reducing costs, and broadening housing choices. Cooperation between governments and stakeholders is essential. Repurposing offices…
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What Does a Buyer’s Agent Do? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Handling required paperwork: Managing and organizing all necessary documentation. Drafting and submitting offers: Creating and presenting purchase offers to sellers.
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Rising Rates Trap Canadians, Only BoC Has the Key | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
72% of Canadians are waiting for lower Bank of Canada rates before buying homes. High rates hinder passing the mortgage stress test, affecting buying power and home affordability.
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Tips for Winning in a Chaotic Housing Market | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Real Estate market is unpredictable, with some properties selling quickly and others lingering on the market. Location and condition are often, but not always, factors in how quickly a property sells.
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Save 30% for Unexpected Renovation Costs | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Assess feasibility; check legal constraints like local building codes. Understand budget; renovation costs range from $2K to >$70K.
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