Mindblown: a blog about philosophy.
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Bank of Canada Holds Rates, Signals Gradual Cuts Ahead | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada members are divided on when to cut interest rates. Some members worry that inflation reduction might stall, while others are concerned about slowing down the economy too much.
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Happy Canada Day | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Almost Everyone Makes These 5 Home-Buying Mistakes | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Neglecting maintenance costs can lead to financial strain, with unexpected repairs averaging $500 to $600/mo. Rushed purchases risk overlooking crucial factors like location noise and crime rates, causing potential regrets later on.
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Can the BoC Cut Rates Before the US Fed? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
BOC states a limit on diverging from US monetary policy, but currently, they're not close to that limit. Differential between BOC and Fed rates expected to pressure Canadian dollar, influencing inflation and policy decisions.
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5 Ways Gen Zers Can Afford a Home in 10 Years | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Figure out how much you need to save for a down payment and closing costs. Put your savings in a high-yield savings account or certificate of deposit to earn interest.
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Fixed vs Variable Mortgage Rates: Which Option Will Save You Money?
The Bank of Canada is expected to cut rates by 0.25%, leading to lower rates on variable mortgages and HELOCs. Three rate simulations are discussed, with one scenario predicting multiple rate cuts by the Bank. Another scenario suggests a slower rate cut path, while a third scenario predicts a breakeven situation with inflation forces balancing…
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Can we expect a BoC interest rate cute this week?
The Bank of Canada will issue its fourth interest rate update of the year. Inflation rates are projected to reach central bank targets in 2025. Experts predict a potential rate cut, which could impact the real estate market. Homeowners with variable-rate mortgages or HELOCs should pay close attention to the announcement. Fixed rates are expected…
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Finding Your Dream Home in a Seller’s Market: It’s Possible! | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Get a Real Estate agent: They can help you find new listings, negotiate offers, and understand the market. Get pre-approved for a mortgage: This shows sellers you're serious and helps you understand your budget.
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Mortgage Assumptions in Today’s Market | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Buyers assume sellers' mortgages for affordability amidst high rates, benefiting from lower rates. The seller's 2% mortgage was assumed, contrasting sharply with typical rates of 5-6%.
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Why Use Mortgage Brokers? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers offer more choices and competitive rates than banks.Brokers can secure the best terms and rates upfront, unlike banks.
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