Why Fixed Mortgage Rates Are Falling in Canada and What Homebuyers Need to Know
In today’s evolving housing market, one of the most talked-about trends among first-time homebuyers and real estate investors is the recent drop in Canadian fixed mortgage rates. With affordability top of mind, many Canadians are watching interest rates closely as they plan their next move in the housing market. What’s Driving the Drop in Fixed […]
Bond Yields and Mortgages: Understanding the Key Connection for Homebuyers and Homeowners
When it comes to mortgages, understanding bond yields is essential for homebuyers and homeowners who want to make informed decisions about fixed-rate mortgages. Bond yields, particularly government bond yields, play a significant role in determining mortgage rates, making it crucial to stay informed about how they work. By understanding the connection between bond yields and […]
Bank of Canada Rate Cut: What Today’s Bold Decision Means for Homebuyers
The Bank of Canada announced a significant policy shift today, cutting the overnight rate by 0.25%, bringing it down to 2.75%. This decision, which had been widely anticipated by economists, reflects the central bank’s response to mounting economic challenges and is set to have a profound impact on the financial landscape—particularly for homebuyers. The Bank […]
Tenant Rights When a Property is Sold in Ontario
When a property with tenants is sold in Ontario, tenants are protected under the Residential Tenancies Act (RTA). This means that a sale does not automatically terminate a lease or rental agreement. Whether the tenant is on a fixed-term lease or a month-to-month agreement, there are legal steps a new owner must take if they […]
The Hidden Cost of Early Mortgage Renewals: Why Homeowners Should Think Twice
As homeowners, staying proactive about mortgage renewals is crucial for long-term financial health. At RTS Mortgage Financial, we understand the nuances of making the best mortgage decisions, especially when it comes to renewing your mortgage. One topic that requires attention is early mortgage renewals—an enticing offer that often comes with hidden downsides. While many homeowners […]
As Rates Fluctuate: Understanding Variable vs Fixed Mortgage Rates
Variable vs Fixed mortgage rates are a common topic of discussion as interest rates begin to decline, prompting many homebuyers and homeowners to revisit the debate. For some, variable rates have been a valuable tool for paying off their mortgage faster, since the initial rate is often lower than fixed-rate mortgages. However, recent years have […]
Understanding Variable vs. Fixed Mortgage Rates: Is a Variable Rate, VRM, or ARM Right for You?
As Rates Fluctuate: Understanding Variable vs Fixed Mortgage Rates Variable vs Fixed mortgage rates are a common topic of discussion as interest rates begin to decline, prompting many homebuyers and homeowners to revisit the debate. For some, variable rates have been a valuable tool for paying off their mortgage faster, since the initial rate is […]
Unlock Financial Freedom: Boost Your Credit Score in 60 Days
How to Boost Your Credit Score in 60 Days: Expert Tips for Financial Success Boost your credit score in 60 days with these expert tips. Improve your financial opportunities, secure better mortgage rates, and unlock homeownership with a higher credit score. Having good credit is the difference between being boxed in and having options! It […]
Boost Your Credit Score in 60 Days
Unlock Homeownership and Secure the Best Mortgage Rates with good credit Having good credit is the difference between being boxed in and having options! It has never been more important to maintain good credit. From home purchases to buying a car, bad credit can interfere with your efforts to move forward in life. It can […]
Bank of Canada Rate Cut: What Does This Mean for Homeowners and Home Buyers?
The anticipated Bank of Canada meeting delivered what has been whispered about for the past few months: a rate cut! This is the first rate cut in about four years, and with it come many questions for homeowners and aspiring homeowners. Will there be more cuts? Is this the time to get into the market? […]