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...
by Frances Hinojosa | Jul 16, 2021 | Announcements, Blog, Economy
The Bank of Canada today held 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 on the path for the overnight rate....
by Frances Hinojosa | Jun 18, 2021 | Blog, Economy, Homeownership
As a homeowner, refinancing your mortgage allows you to capitalize on lower interest rates, access your home’s equity, consolidate debt or even reduce your monthly payments. In simple terms, a mortgage refinance involves breaking your current loan agreement...
by Frances Hinojosa | Jun 4, 2021 | Blog, Economy, Homeownership, Mortgage
If you’re applying for a new credit card or even a job, taking out a loan or buying a new vehicle or home, a credit check will most likely be conducted to determine your creditworthiness. This helps determine if you’re dependable and able to pay back money you borrow....
