“When will rates go up?” has been a question on the minds of
Canadian homebuyers for many years. With
each month that goes by, it becomes something more frequently voiced, especially
considering the historically low interest rates of the past few years. No one in the mortgage industry has a crystal
ball, but it would seem that the time has indeed arrived. The recent rule changes implemented by the Canadian Government and the impact of Donald Trump on the
bond market, have both caused interest rates to start creeping up.
Despite some lenders increasing their fixed rates and some
banks increasing their Prime Rate, it is not a time to panic. It is, in fact, the perfect time to get
educated and find out what your options are.
Here are a few things to consider:
- Are you are considering
house hunting in the near future?
Your first step should be talking to one of our knowledgeable One
Link Mortgage Professionals.
Why? We can explain about the
importance of pre-approvals and
how you can get a rate hold for
up to 120 days. This will
take you well into spring and give you peace of mind while looking for
that perfect home.
- Do you currently have a
mortgage that will be coming up for renewal? Even if it is months away it is a good
time to talk to one of our Mortgage Professionals about your options. Remember that you can lock in a rate as
many as 120 days in advance. Even
if you aren’t sure when your current mortgage is up for renewal, give us a
call (204-954-7620) and we can review your situation and see if it is
still the best fit for you.
- Have you been thinking
about refinancing your mortgage?
Are you wondering about the possibility of using some of the equity from your home to make a
few changes? Maybe you are thinking
of doing some renovations, consolidating debt or perhaps looking to invest
in RRSP’s. Our One Link Mortgage
Professionals will analyze your current mortgage and financial situation
and provide you with the best course of action.
if you are unsure of what all these changes mean and are just looking for
information, reach out to One Link.
We pride ourselves in educating our clients about mortgages and
what is the best option for them.
Best of all our services are free!
more information on the Mortgage Rule Changes and how they affect you, how to
get pre-approved or rate changes, please contact one of our trusted and
knowledgeable Mortgage Professionals at One Link Mortgage or click on the
“Contact Us” form on our website. We are
here to help.