by Frances Hinojosa | Mar 4, 2022 | Blog, Economy, Homeownership
When shopping for a mortgage, many people tend to focus exclusively on obtaining the lowest rate. This is due, in large part, to advertising messages indicating that this is the best action to take. Unquestionably, rate is an extremely important component of any...
by Frances Hinojosa | Feb 4, 2022 | Announcements, Blog, Economy, Finance, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Frances Hinojosa | Jan 7, 2022 | Blog, Economy, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Frances Hinojosa | Oct 1, 2021 | Blog, Economy, Homeownership, Mortgage
For most people, the pursuit of homeownership is a journey worth taking, but the requirements for making it to the finish line can prove difficult. This holds true during normal circumstances but, in the midst of a global pandemic, the process has become even more...
by Frances Hinojosa | Aug 20, 2021 | Blog, Economy, Homeownership
As a homeowner, if you’re unable to make regular mortgage payments, the loan will ultimately fall into a state of default, forcing you to forfeit all rights to the property. This is called foreclosure. Foreclosure is a lengthy and costly process that should be...
by Frances Hinojosa | Jul 23, 2021 | Blog, Economy, Homeownership
When selling your home, it’s important to include real estate commission in your budget because it’s a significant fee in the selling process that will impact your overall profits. Realtors are well worth their commission as they help sellers get the right...
