by Cynthia Dreger | Sep 9, 2020 | Announcements, Blog, Mortgage
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent...
by Cynthia Dreger | Aug 25, 2020 | Blog, Covid-19, Finance, Mortgage
COVID-19 is wreaking havoc on retirement investments, particularly for those who rely on dividends as part of their income. Over the past decade, many older Canadians have taken a riskier approach with retirement investments because of low bond yields and interest...
by Cynthia Dreger | Aug 11, 2020 | Blog, Covid-19, Finance, Mortgage
If COVID-19 has negatively impacted your finances and you’re currently deferring your mortgage payments, you should know that this will be visible on your credit report. Here is an image from a recent credit report. In this scenario, it shows that the mortgage...
by Cynthia | Jul 29, 2020 | Blog, Finance, Mortgage
Should I get a Mortgage Pre Approval? Going through the pre-approval process is important. However, the actual term ‘pre-approval’ is often misunderstood. It’s not magic, and it’s certainly not binding. Let’s be clear, a pre-approval isn’t for the lender; it’s for...
by Cynthia Dreger | Jul 15, 2020 | Announcements, Blog, Mortgage
Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is...
by Cynthia | May 6, 2020 | Blog, Covid-19
If you’ve been sitting on the sidelines waiting to see the full impact of COVID-19 on the economy before asking any pressing questions about your financial situation, now might be a good time for a mid-pandemic mortgage checkup! Here is a list of questions that...
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