by Boris Mahovac | Blog, Financial Advice, Mortgage news, Mortgages, New Products
Could 30-Year Fixed Mortgages Work in Canada? Imagine this: You buy a house and lock in a steady mortgage rate for the next 30 years. No surprises, no hikes. Want to pay it off early? No problem—no massive penalties. Rates drop–just refinance! That’s how most...
by Boris Mahovac | Financial Advice
Budget 2024 has put a fresh spin on the Liberal government’s plan to make life more affordable for Canadians with lower to moderate incomes. They’ve set aside a whopping $53 billion to spend over the next five years ($57 billion if you count what they started...
by Boris Mahovac | Financial Advice, Mortgages
Every time you apply for a home mortgage, a car purchase and nearly all other types of loans, lenders will use your credit score to determine if you qualify. Creditors need to know how much of a risk you are—in other words, how likely you are to repay the money they...
by Boris Mahovac | Financial Advice, Market, Mortgages
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion is moderating largely as expected, but signs are emerging that trade...
by Boris Mahovac | Financial Advice
Are you thinking of buying a condo or a house in the near future? If you know you have poor credit, you need to know how to repair credit.You may have been told that your have poor credit, which is anything under 500, too low for most lenders to approve you for a...
by Boris Mahovac | Blog, Financial Advice, Mortgages
With the new Office of the Superintendent of Financial Institutions stress test rules firmly in place since January, Canadian home buyers have learned they need to arm themselves with practical information on how they can ensure they are “stress-test ready”....
