Thinking about mortgage refinancing in British Columbia? Before you decide to refinance your home in BC, it’s essential to weigh factors such as current mortgage rates, your credit profile, and how accessing home equity could impact your finances. This practical guide for homeowners outlines the main reasons to refinance, from funding renovations to consolidating debt or adjusting your loan terms. Discover how understanding these considerations can help you determine if refinancing is the right move for your long-term financial goals.

Understanding the nuances between fixed and variable mortgage rates is essential for crafting a robust financial strategy. In this insightful blog post, delve into the advantages and disadvantages of each mortgage option and how they can influence your financial planning. With the ever-changing market conditions in British Columbia, making an informed decision is more crucial than ever. Discover how these factors can shape your mortgage journey and empower you to make the best choice for your unique situation.

If you're thinking about taking a variable interest rate, you're going to want to read this blog post. With the prime rate dropping, variable interest rates are coming back into the fold, and a lot of homeowners and first-time buyers are beginning to inquire about taking on a variable interest rate instead of the fixed. Now there is some risk involved in taking on a variable, but there's also some important features that we need to know about if we're going to consider a variable interest rate. So let's dive in.     To begin, what a lot of Canadians don't know is…

2023 was another consecutive year of rising interest rates as we grappled with getting a hold on inflation.

However, the end of last year showed some light at the end of the tunnel. Due to inflationary numbers coming in much better than expected, Bank of Canada (BoC) choose not to continue the pattern of additional increases to the prime lending rate for all of last quarter avoiding further increases to variable rate holders.