by Citadel Mortgages | Nov 14, 2018 | Blog
Eligibility for a mortgage: Traditionally to get a mortgage in Canada we go to a bank for mortgage approval. However, a mortgage broker can be visited to review all your options that you have for a mortgage at once, instead of visiting banks one by one. Credit...
by Citadel Mortgages | Nov 5, 2018 | Blog
DON’T GET DISTRACTED BY THE SHINY RATE IN THE WINDOW No seriously, rate IS NOT everything… here’s why: There’re many other features of a mortgage that have proven to be far MORE important. If you look deep in the fine print of every lending institution you...
by Citadel Mortgages | Oct 21, 2018 | Blog
These sequential interest rates hikes are spelling trouble for fixed-rate mortgage holders, about 47% of whom have mortgages up for renewal in 2018. According to RateHub.ca’s historical mortgage rates, the lowest interest rate for a five-year fixed rate mortgage in...
by Citadel Mortgages | Oct 6, 2018 | Blog
(Special) – Getting a mortgage is, and has been, challenging for self-employed Canadians for many years due to the fact that their incomes tend to be low and often sporadic and fluctuating. In many cases, they will have to take mortgage insurance in order to get the...
by Citadel Mortgages | Sep 27, 2018 | Blog
The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. CPI inflation moved up to 3 per cent in July. This was higher than expected, in large part...
by Citadel Mortgages | Sep 4, 2018 | Blog
Thinking about refinancing your mortgage? If you’ve been wondering if refinancing your mortgage is the right decision for you, you are not alone. Many homeowners are often unaware or unsure of when it may be financially beneficial to refinance. When considering if...
