by Peter Lirantzis | Aug 20, 2021 | Blog, Finance, Homeownership, Mortgage
As a homeowner, if you’re unable to make regular mortgage payments, the loan will ultimately fall into a state of default, forcing you to forfeit all rights to the property. This is called foreclosure. Foreclosure is a lengthy and costly process that should be...
by Peter Lirantzis | Jul 23, 2021 | Blog, Economy, Finance, Mortgage
When selling your home, it’s important to include real estate commission in your budget because it’s a significant fee in the selling process that will impact your overall profits. Realtors are well worth their commission as they help sellers get the right...
by Peter Lirantzis | Jun 18, 2021 | Announcements, Finance, Homeownership, Mortgage
As a homeowner, refinancing your mortgage allows you to capitalize on lower interest rates, access your home’s equity, consolidate debt or even reduce your monthly payments. In simple terms, a mortgage refinance involves breaking your current loan agreement...
by Peter Lirantzis | May 21, 2021 | Announcements, Blog, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
by Peter Lirantzis | May 14, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
Since the global pandemic reached our shores, the Bank of Canada cut its overnight target interest rate in a number of unscheduled announcements, finally settling on the record low 0.25%. Understandably, these reductions were implemented in an effort to help offset...
by Peter Lirantzis | May 7, 2021 | Blog, Economy, Finance, Mortgage
The federal government introduced a number of relief measDid You Defer Payments? Be Sure to Check Your Credit!rd payments for a set period of time. At the end of the deferral agreement, payments returned to normal and the deferred amounts were added to the mortgage or...
