Current Interest Rates

Current Interest Rates in Canada for Mortgages   Interest Rates as of June 29, 2022 5 Year Fixed Rate Mortgages – insured or insurable are between 4.5%- 5.00% 5 Year Fixed Rate Mortgages -uninsurable are at 5.00% + Variable rate discounts are prime –...
Will your mortgage payment rise by 45%

Will your mortgage payment rise by 45%

http://themortgagespecialist.com/wp-content/uploads/2022/06/Will_your_payments_go_up_by_45_.mp4   Rates continue to be the hot topic – and another headline seems to have caused a lot of stir – The Bank of Canada is saying that your mortgage payment...

Bank of Canada Announcement June 1, 2022

On Wednesday June 1, 2022, The bank of Canada officially announced the increase to the overnight lending rate by 0.5%. This announcement was the world’s worst kept secret for the last few weeks as Canada’s banks were anticipating this and will be increasing...

Should You Lock in Your Mortgage?

Should you Lock in your Variable Rate Mortgage today? Many of the top economists in Canada today are expecting the Bank of Canada to increase the prime rate up to 8 times over the course of the next calendar year. We at themortgagespecialist.com find is surprising...
Aging In Place With Reverse Mortgage

Aging In Place With Reverse Mortgage

As mom and dad age and their physical and cognitive abilities are showing signs of decline the topic of moving mom and dad to an assisted seniors facility or care home inevitably pops up. But is this really the best for you? What if you knew about our Aging in Place...