Blog categorized as Finance

Reverse Mortgage Explained – Everything Canadian Homeowners Need to Know

06.15.2025 11:58 PM - By Satish Kumar - Comment(s)
Reverse Mortgage Explained – Everything Canadian Homeowners Need to Know
Discover how Canadians 55+ can access tax-free cash using a reverse mortgage—without selling their home. Our latest blog explains who qualifies, key pros and cons, estate impact, and how it compares to home equity loans.

OSFI to Introduce Loan‑to‑Income Caps – A New Chapter in Mortgage Approval

06.11.2025 01:35 AM - By Satish Kumar - Comment(s)
OSFI to Introduce Loan‑to‑Income Caps – A New Chapter in Mortgage Approval
Canada’s OSFI may replace the mortgage stress test with a 450% loan-to-income cap to reduce risk. Learn what this means for buyers, lenders, and the market.

Bank of Canada Holds Key Interest Rate at 2.75% Amid Persistent Inflation and Trade Uncertainty

06.04.2025 04:45 PM - By Satish Kumar - Comment(s)
Bank of Canada Holds Key Interest Rate at 2.75% Amid Persistent Inflation and Trade Uncertainty
The Bank of Canada holds its key interest rate at 2.75%, balancing persistent core inflation against economic uncertainties, including rising unemployment and U.S. trade tensions. Future rate cuts remain on the table as the central bank monitors evolving conditions

Why Canadian Fixed Mortgage Rates Are Rising Again in 2025: Key Factors Explained

05.21.2025 02:54 AM - By Satish Kumar - Comment(s)
Why Canadian Fixed Mortgage Rates Are Rising Again in 2025: Key Factors Explained
Canadian fixed mortgage rates are on the rise again, influenced by U.S. Treasury yield increases. Homeowners and buyers should prepare for higher borrowing costs. Stay informed and plan accordingly.

Have you ever dreamt of generating passive income through real estate, only to feel overwhelmed by the complexity of securing financing?

02.12.2025 06:09 AM - By Satish Kumar - Comment(s)
The real estate market presents lucrative opportunities for those looking to invest in rental or investment properties.

Debt Consolidation: Simplifying Your Finances with a Single Loan By Satish Kumar, Mortgage Agent

02.10.2025 06:28 AM - By Satish Kumar - Comment(s)

In today’s fast-paced world, managing multiple debts can become overwhelming. Whether it's credit cards, personal loans, or student loans, juggling various payments with different interest rates can drain your finances and cause unnecessary stress. However, debt consolidation can provide a solution,...

Mortgage Pre-Approval: The Key to Smart House Hunting

02.05.2025 07:44 AM - By Satish Kumar - Comment(s)

Buying a home? Before you start touring properties, securing a mortgage pre-approval should be your first step. A pre-approval helps determine your budget, shows sellers you’re a serious buyer, and speeds up the closing process.


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New Mortgage Policy Changes in Canada: How They Enhance Housing Affordability in 2025

01.30.2025 05:10 AM - By Satish Kumar - Comment(s)

With housing affordability at the forefront of Canadian concerns, 2025 has ushered in significant mortgage policy changes aimed at easing the burden on homebuyers. These reforms include extending amortization periods to 30 years for first-time buyers and increasing the insured mortgage cap from $1 m...

Bank of Canada Slashes Interest Rate by 25 Basis Points to 3.0%

01.29.2025 05:30 AM - By Satish Kumar - Comment(s)

The Bank of Canada has officially reduced its benchmark interest rate by 25 basis points, bringing it down to 3.0%. This long-anticipated move signals a shift in the central bank’s monetary policy as it aims to stimulate economic growth while managing inflation.

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Bridge Loans: A Smart Solution for Homeowners in Transition

01.28.2025 01:09 AM - By Satish Kumar - Comment(s)

When it comes to buying a new home while still owning the old one, homeowners often face a common dilemma: How can they afford the down payment on a new property before their current home sells? The answer for many lies in bridge loans—short-termfinancing options that can "bridge the gap" ...