Sandhusranmortgages's blog

In its latest announcement regarding mortgages for First Time Home Buyer, Federal government raised the insured mortgage cap to $1.5M for a down payment of 20%. Also, the amortization period has been increased from 25 to 30 years, bringing a sigh of relief on home buyers worried about huge monthly payment. With the expected inflation levels lowering down constantly and bringing the percentage of just 2%, get ready for more amazing mortgage cuts to be introduced in coming months. If you are still planning to buy a home, nothing can be better than now.

In a recent move, the Bank of Canada (BoC) announced a further cut to the overnight lending rate. This is the third time in a year that the bank has lowered the lending rate, bringing it down to 4.25%. This action has received various reactions from economists, homeowners, and businesses. Many are trying to understand the reasons behind the interest rate cuts and their implications for the Canadian economy. Recently, Canada’s inflation has been high, with the Consumer Price Index (CPI) dropping to 2.5% in July, down from 2.7% in June.

Planning to apply a mortgage and wondering which mortgage rate type will suit you the best? One of the most important decisions a borrower will make when choosing a mortgage is whether to go with a variable or fixed interest rate. It’s a decision that can have a long-term impact on a homeowner, costing thousands of dollars in interest. In 2024, as inflation sweeps across the Canadian economy, we will examine whether a fixed or variable rate mortgage in Abbotsford is best suited to your specific situation and risk tolerance.

With a flexible credit line, home equity lines of credit (HELOCs) enable you to access the equity you’ve accumulated in your house. Variable-rate home equity loan options could continue to be a popular choice for homeowners in need of borrowing money in 2024, as interest rates are predicted to decline. But before requesting a HELOC, weigh the benefits, drawbacks, and other options. There are still several big banks that haven’t joined the HELOC market.

Are you thinking about buying your first house? If you’re a first-time home buyer, you might be really motivated to buy a house you can call your own and might want some financial support to realize this goal. Securing a lucrative mortgage at a competitive interest rate should be your top priority when it comes to purchasing a property. This blog offers advice to assist you in selecting the right mortgage option for a speedy first-home mortgage approval in Surrey.

With mortgage costs rising every year and cost-of-living crisis to continue, people are having their finances so messed up that they are struggling to pay their bills and debts. If you currently hold a mortgage, this financial crisis can lead to problems making monthly mortgage repayments. Looking for a reliable mortgage broker in Abbotsford to guide you about mortgages? Sandhu & Sran Mortgages is your first choice. With years of industry experience, we are proudly helping clients in securing a mortgage approval at a competitive interest rate. For more details, contact us.

With mortgage costs rising every year and cost-of-living crisis to continue, people are having their finances so messed up that they are struggling to pay their bills and debts. If you currently hold a mortgage, this financial crisis can lead to problems making monthly mortgage repayments. Despite popular belief, notifying your lender that you are experiencing trouble making your mortgage payments does not automatically result in your home being seized.

Looking for private home lenders in Abbotsford? Whether you are planning to get a mortgage or need funding for personal uses, our private mortgage brokers at Sandhu & Sran Mortgages can get you approved in no time. With a network of 35+ private lenders, who are ready to provide you the funding you need without taking your credit score in that much account, we can get you the mortgage you require to buy a property. Just give us a call and discuss your mortgage needs and one of our broker will assist you right away. For more details, give us a call today.

Looking for private home lenders in Abbotsford? Whether you are planning to get a mortgage or need funding for personal uses, our private mortgage brokers at Sandhu & Sran Mortgages can get you approved in no time. With a network of 35+ private lenders, who are ready to provide you the funding you need without taking your credit score in that much account, we can get you the mortgage you require to buy a property. Just give us a call and discuss your mortgage needs and one of our broker will assist you right away. For more details, give us a call today.

Do you want to get your mortgage approved? Looking to buy a residential or commercial property and need funding? If yes, Sandhu & Sran Mortgages is here for you. We are a full-service mortgage company having one of the best mortgage brokers in Edmonton, assisting eligible borrowers in getting approved for a mortgage at a competitive interest rate. Whether you are self-employed or have a bad credit score, we can still get you approved. Rely on all your mortgage needs on our local Edmonton mortgage broker. File a mortgage application to get started.