Mortgage Blog
Ralph works for you, not the Lenders
7 Smart Strategies to Help Save Money on Your Mortgage
June 21, 2024 | Posted by: Ralph Covello
Hello, and welcome to our blog! If you're reading this, chances are you're looking for ways to make your mortgage more manageable. Whether you're a first-time homebuyer or a seasoned homeowner, findin ...
read more
How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians
June 7, 2024 | Posted by: Ralph Covello
The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two years. This decision has significant implications for Canadians, particularly t ...
read more
June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points
June 5, 2024 | Posted by: Ralph Covello
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. ...
read more
When to Consider a Private Mortgage: A Guide for Canadian Homebuyers
May 23, 2024 | Posted by: Ralph Covello
Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For ...
read more5 Great Ways to Improve Your Credit Score
May 8, 2024 | Posted by: Ralph Covello
As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu ...
read more
RRSP Home Buyers Plan
April 24, 2024 | Posted by: Ralph Covello
In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for ...
read more
Paying off your mortgage early - The Pros and Cons
April 10, 2024 | Posted by: Ralph Covello
Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai ...
read more
April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening
April 10, 2024 | Posted by: Ralph Covello
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank ...
read moreThe Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
March 27, 2024 | Posted by: Ralph Covello
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding ...
read more
Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score
March 20, 2024 | Posted by: Ralph Covello
Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the ...
read more