Personal LIne of Credit – marladaniels.com

Financing a Foreclosure

Nov 9, 2023

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in Commercial, Credit Card, Investing, Lending Rules, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Many people look at purchasing a foreclosure because the price is right. If you are thinking of buying one, here are some things you should think about. Once a property is listed as a foreclosure on the MLS, it has gone to a court ordered sale. The dealings will be through the realtor the bank…

Experts predict lower mortgage rates next week as bond yields plunge

Nov 7, 2023

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Marla

in Commercial, Credit Card, Investing, Lending Rules, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. This week alone, the 5-year Government of Canada bond yield slid over 30 basis points to 3.79%. It’s now down more than 60 bps—or 0.60%—from its recent high of 4.42% reached in early…

Bank of Canada maintains overnight rate target at 1/2 per cent

Jan 20, 2016

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Marla

in Commercial, Credit Card, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages, Uncategorized

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target…

Bank of Canada Rate Update!!!

Oct 22, 2015

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Marla

in Commercial, Credit Card, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Bank of Canada maintains overnight rate. Yet again, the Bank of Canada has opted to keep the target for the overnight rate steady at ½ percent-meaning variable rate mortgages won’t be moving any time soon. The Bank attributed it’s move (or lack thereof) to weaker-than-expected global economic growth and uncertainty surrounding China’s transition to a…

Bank of Canada Rate Update

Sep 9, 2015

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Marla

in Commercial, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Good news for variable clients and those with lines of credit. Bank of Canada maintains overnight rate! Despite global economic uncertainty fuelled by the situation in China, the Bank of Canada is opting to maintain it’s target for the overnight rate at 0.5% this month-although some economists believe another rate cut may still be in…

Choosing The Right Mortgage Broker Can Save You $1,000’s!

Oct 3, 2014

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Marla

in Commercial, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Finding the best rate is a FREE service to our clients! More lenders are competing for your business. That’s why more than two out of five Canadian mortgages are now handled by a Mortgage Brokers. Just as an Insurance Broker finds you the best deal on insurance, a Mortgage Broker finds you the best deal…

FINANCING A FORECLOSURE

Sep 25, 2014

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Marla

in Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Personal LIne of Credit, Refinance, Renovation, Second Mortgages

Many people look at purchasing a foreclosure because the price is right. If you are thinking of buying one, here are some things you should think about. Once a property is listed as a foreclosure on the MLS, it has gone to a court ordered sale. The dealings will be through the realtor the bank…

BoC Hints at Mortgage Tightening

Sep 24, 2014

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Marla

in Investing, Mortgage Broker, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation

In the past few years, the Minister of Finance has been imposing tougher lendering rules making it much harder for the average person to qualify for a mortgage. Even though interest rates are at an all time low, it’s a very good idea to have all of your ducks in a row before writing an…

Home Renovation Financing Options 2

Jun 9, 2014

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Marla

in Credit Card, Mortgage Refinancing, Options, Personal LIne of Credit, Personal Loan, Renovation, Uncategorized

Other Considerations and Options Planning for the Unforeseen It’s a good idea to set aside a percentage of your renovation funds to cover items not included in your renovation contract, for things you discover you’d like to add once work is under way, like extra or upgraded features, furniture, appliances and window coverings or for…

Home Renovation Financing Options 1

Jun 9, 2014

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Marla

in Credit Card, Mortgage Refinancing, Options, Personal LIne of Credit, Personal Loan, Renovation

There are many different reasons to renovate a home: to save energy (and save on utility bills), to make room for a growing family, to improve safety or increase the resale value of your home, or simply to bring a fresh new look to your home. There are also a number of different ways to…

Category: Personal LIne of Credit