by Frances Hinojosa | Feb 12, 2021 | Blog, Economy, Finance, Homeownership, Mortgage, Productivity
Traditionally, the dawn of a new year brings a sense of optimism and hope. This year, however, the outlook is a bit different. While we were thankful to leave 2020 behind, the uncertainties and instability about what lies ahead still persist. Now’s a perfect time to...
by Frances Hinojosa | Feb 5, 2021 | Blog, Economy, Homeownership, Mortgage
While the interest rate isn’t the only consideration to keep in mind when choosing the mortgage that best meets your needs, it’s important to understand your options. The interest rate will have a direct impact on the overall cost of your mortgage – the higher the...
by Frances Hinojosa | Jan 22, 2021 | Blog, Homeownership
Are you considering a renovation to build separate living quarters for your adult children or parents? If so, you’re not alone. Multigenerational living is an option many Canadians explore at some point. Children are staying home longer to save up and buy a place of...
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...
