Category: Uncategorized
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How to Renew Your Mortgage in Ontario | Get Your Mortgage for a LilLez!
Mortgage renewal in Ontario differs from refinancing, as it happens only at the end of a term.Lenders will send a renewal statement with key details like interest rate, principal, and any fees.
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OPP relief funding helps lower tax rate increase in Georgian Bluffs
Georgian Bluffs has approved a 2025 budget with a municipal tax rate increase of 4.11%. For an average single-family home assessed at $300,000, this translates to an additional $83.78 in municipal taxes. Key budget investments include $1.5 million for road preservation, over $5.5 million for bridges and culverts, and $1.65 million for park improvements. The…
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Renewing your mortgage in 2025? Here’s how you can save
Many Canadians will face mortgage renewals in 2025, with over 1.2 million mortgages coming up for renewal. Most will encounter higher rates than when they first took out their loans, with current rates between 4% and 4.5%. This could increase monthly payments by about $250 for a $400,000 mortgage. To save money, it's advised to…
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Early Mortgage Termination: What Are the Penalties? | Get Your Mortgage for a LilLez!
Breaking a mortgage contract early often results in a penalty fee determined by your interest rate. Penalties for fixed-rate mortgages are typically higher, based on Interest Rate Differential (IRD), while variable rates are simpler.
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How to Use Home Equity to Take out a Second Mortgage | Get Your Mortgage for a LilLez!
Using home equity for a second mortgage can fund home projects, education, or debt consolidation. Equity grows through mortgage payments, home improvements, and property value increases over time.
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Global Mortgage Service Market Poised for Growth | Get Your Mortgage for a LilLez!
The global Residential Mortgage Service market is growing with advancements in technology and government investment. The market is driven by increasing demand for affordable loans and a variety of mortgage options.
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Los propietarios de cabañas en Ontario pueden aprovechar el nuevo reembolso para renovaciones sostenibles de la provincia
El gobierno de Ontario ha introducido un programa de reembolsos para renovaciones energéticamente eficientes, que podría ahorrar a los propietarios hasta un 30%. Esta iniciativa forma parte de una inversión de $10.9 mil millones durante 12 años e incluye reembolsos para diversas mejoras, como $600 para evaluaciones energéticas del hogar y hasta $12,000 para bombas…
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How to Find a Loan in Canada with Bad Credit
Navigating financial emergencies with poor credit can be challenging, but securing a bad credit loan in Canada is possible. Understand your credit situation, explore alternative lenders, consider secured loans, and work on improving your credit score. Compare loan offers carefully and borrow responsibly. Continue to full article
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Why Canadian Mortgage Rates Are Set to Rise | Get Your Mortgage for a LilLez!
The Federal Reserve signals reduced interest rate cuts in 2025, altering market expectations and re-pricing financial instruments. The Fed's focus remains on inflation, with employment stable, avoiding swift rate cuts that could reignite inflation
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BMO Reinstates Stress Test for Uninsured Mortgage Switches | Get Your Mortgage for a LilLez!
BMO's Change: Reinstates OSFI stress test for uninsured switches after briefly removing it. Qualification Rules: Borrowers must qualify using the higher of 5.25% or contracted rate + 2%.