Category: Credit Card
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Financing a Foreclosure
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…
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Experts predict lower mortgage rates next week as bond yields plunge
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…
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Bank of Canada maintains overnight rate target at 1/2 per cent
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…
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Bank of Canada Rate Update!!!
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…
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Home Renovation Financing Options 2
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…
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Home Renovation Financing Options 1
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…