Beware of early renewal offers! Why? If your mortgage is coming up for renewal this year there is a good chance that your current mortgage lender will contact you months ahead of your actual renewal date and offer you the “opportunity” to renew your mortgage ahead of time. If this was fall 2021 or spring […]
If your mortgage is coming up for renewal and you are experiencing a bit of “rate shock,” you are not alone! If you currently have a fixed-rate mortgage, your interest rate will most likely be going up, and likely substantially, depending on your term. If you currently have a variable-rate mortgage, your interest rate has […]
What is the trigger rate? If you currently have a variable rate mortgage you may have had the unpleasant experience of hearing the term “trigger rate” by your current mortgage lender, or you may have heard it in the news. Don’t feel bad for not being familiar with the term as historically it has rarely […]
Is it better to get a fixed or variable interest rate on your mortgage right now? With a quickly changing housing market and rapidly increasing interest rates, as a Hamilton Mortgage Broker we receive calls from our clients that are more torn than ever about whether to go with a Variable Rate or Fixed Rate […]
Obtaining a Hamilton or Grimsby mortgage can be overwhelming for any first-time homebuyer. With multiple different loan options available on the market today, our team at Canadian Mortgage Authority understands how confusing it can be trying to pick the best option for your financial situation. This is why we are devoted to educating every homebuyer […]