Who Assumes The Risk When I Work With A Mortgage Broker In Kelowna If you’re considering buying a home, you may need to find a lender to provide a mortgage for the property. I’m Ric Lazare, a mortgage broker Kelowna based, and I can help you achieve your goals for home ownership. If you are […]
Continue Reading
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario January 25, 2023 The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing […]
Continue Reading
It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage. The truth is, a lender is never under any obligation to renew your mortgage. When you sign a mortgage contract, the lender draws it […]
Continue Reading
Home Equity Loans: What Your Mortgage Broker Can Help You With If you’ve been thinking about taking a home equity loan, you should understand how the process works before moving forward. I’m Ric Lazare, a highly experienced mortgage broker Kelowna residents in the British Columbia area will recommend. I can help you gain insight into […]
Continue Reading
You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrow, plus interest. With that said, the frequency of how often you make payments to the lender is somewhat up to you! The […]
Continue Reading
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more choice. Increased choice in mortgage products […]
Continue Reading
If you’re like most Canadians, chances are you don’t have enough money in the bank to buy a property outright. So, you need a mortgage. When you’re ready, it would be a pleasure to help you assess and secure the best mortgage available. But until then, here’s some information on what to consider when selecting […]
Continue Reading
Being a home owner is excellent, having a huge mortgage isn’t. So, if you have a mortgage that you’re looking to get rid of as quickly as possible, here are four things you should consider doing. Accelerate your payments Making the change from monthly payments to accelerated bi-weekly payments is one of the easiest ways […]
Continue Reading
Your downpayment refers to the initial payment you make when buying a property through mortgage financing. A downpayment is always required when purchasing, because in Canada, lenders are only allowed to lend up to 95% of the property value, leaving you with the need to come up with at least 5% for a downpayment. In […]
Continue Reading
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening. FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario December 7, 2022 The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing […]
Continue Reading
