by Frances Hinojosa | Jan 15, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
It’s always great to have an alternative option, right?! This theory holds true when it comes to your mortgage choices as well – the broader selection your mortgage agent offers, the more likely you’ll be to secure a mortgage that meets your unique needs. An...
by Frances Hinojosa | Jan 8, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
Selecting a mortgage rate and product that’s right for you is harder than it looks. It involves a lot of research based on your current finances, credit situation and short- and long-term goals, to name just a few important elements. That’s why working with a mortgage...
by Frances Hinojosa | Jan 1, 2021 | Blog, Economy, Finance, Homeownership
Many of us drew a collective sigh of relief when putting 2020 behind us, concentrating on the hope for better days to come in 2021. From a financial perspective, 2020 definitely had its challenges. One of the best ways to benefit from a new year is to look at ways to...
by Frances Hinojosa | Dec 25, 2020 | Blog, Economy, Finance, Homeownership
When discussing mortgage payments, most people focus on the interest rate. But, it’s also important to understand how the principal balance owing on your home comes into play with your monthly mortgage payment. The ‘principal’ is the amount of money you...
by Frances Hinojosa | Dec 18, 2020 | Blog, Finance, Homeownership, Mortgage
Ensuring homeownership remains an affordable option stretches well beyond monthly mortgage payments. There are numerous recurring expenses known as ‘carrying costs’ that help you maintain your investment and, therefore, must be factored into your budget to avoid...
by Frances Hinojosa | Dec 9, 2020 | Announcements
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented...
by Frances Hinojosa | Dec 4, 2020 | Blog, Finance, Homeownership, Mortgage
Determining what you can comfortably afford to spend on a home is important to define well before you head out home shopping. Otherwise, you could waste time looking at homes that stretch you outside your financial comfort zone or, worse yet, are completely beyond...
by Frances Hinojosa | Nov 27, 2020 | Blog, Economy, Finance
This holiday season is shaping up to be a lot different than holidays in the past thanks to COVID-19 – and especially the second wave that has seen many areas of the country hit hard with new cases. While we’re thankful for online shopping so we can still treat...
by Frances Hinojosa | Nov 20, 2020 | Announcements, Economy, Finance, Homeownership, Mortgage
Becoming a First-Time Homebuyer & Landlord at Once In Canada, there are nearly 4.5 million adults and families who live in rental housing – representing approximately one third of total households. If you’re looking to purchase a home, particularly your...
by Frances Hinojosa | Nov 13, 2020 | Blog, Finance, Homeownership, Mortgage
There are a lot of unknown terms you’ll come across while buying a home – particularly as a first-time homebuyer. Two common payments that homebuyers sometimes use interchangeably, but are quite different, are “deposit” and “down payment”. Deposit When buying...
