Why are Mortgage Rates Rising?

Why are mortgage interest rates rising when the Bank of Canada continues to drop the Prime Lending Rate?   In January 2020 the Bank of Canada prime rate was 3.95%, since then we have seen multiple drops and the prime lending rate is now 2.45%. Normally, we would see...

Thank You

Thank you for your continued support Prince George. We are honored that you chose us as best Mortgage Broker company for the second year in a row! ~ Michelle &...

Mortgage Check-up

Most people sign up for their initial mortgage, pay their payment as required and forget about the details until renewal time. A mortgage is the biggest debt you’re most likely going to have and it should be something you review at least once a year just to make sure...

Breakdown on Fixed and Variable Rates

A common question mortgage brokers receive is what is the difference between fixed and variable rates? Deciding between the two options when getting your mortgage can be a hard decision. A fixed rate mortgage will guarantee you a locked in rate for whatever term you...

Co-signer vs. Guarantor

When getting a mortgage you may be asked from either the lender or mortgage insurer to include a co-signer or guarantor. Both have the same obligation to pay another person’s mortgage if the primary applicant(s) fail to do so. However a co-signer will be put on...