Mortgage Information

Sept. 2, 2022

Car Loan vs. Mortgage Payment

I recently saw a TikTok in which the interviewer asked people how much their car payment was. All of the payments were between $1000 and $2000/month and many of those were amortized over 7 years. Here is the thing, every $500 in debt payment is roughly equal to   ...

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May 2, 2022

What's Happening to Mortgage Rates?

When COVID hit, the Bank of Canada dropped Prime Rate very quickly and started a fast and furious process of Quantitative Easing. This was to ensure that banks and other financial institutions have access to inexpensive funds to ensure a strong, secure economy. Back in 2008, during the US Sub-Prime ...

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