As mortgage brokers, we know that homebuyers often enter the mortgage process with confident expectations surrounding the rate they expect to receive, only to be disappointed when they can’t qualify for the best rates. Here are some of the more common reasons why homebuyers who expect to qualify are later refused, or aren’t able to secure the best market rates.
On July 14th, the Bank of Canada reiterated its commitment to hold the policy rate at its current record-low level. What does that mean for mortgage consumers?
There it is. That amazingly low mortgage rate online just waiting for
you. It seems almost too good to be true. Chances are, it is...