Barrie Mortgage Blog
Barrie, Newmarket, Orillia, Simcoe County, Midland, Collingwood, Wasaga Beach Mortgage Broker of Choice
Category: Financing (24 posts)
Mortgage Broker Vs Bank: What Is The Difference?
August 16, 2024 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The decision of whether to obtain a mortgage through a bank or a mortgage broker is a significant one. While both options have their merits, understanding the key differences can have a big impact on ...
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Tips for Improving Your Credit Score Before Applying for a Mortgage
August 2, 2023 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage isn't always a s ...
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Bank Of Canada Rate Update June 7, 2023
June 7, 2023 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...
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A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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Budgeting for Inflation
August 3, 2022 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Budgeting for Inflation If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of cons ...
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Spring Clean Your Finances
April 8, 2022 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Spring Clean Your Finances Spring finally arrived after a long winter, and with inflation and the rising cost of living on everyone's mind, there's never been a better time to do a little spring clea ...
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Six Tips For Financial Fitness This Fall
September 8, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
It's September and there is some optimism that we may be moving towards the end of life in a global pandemic. The Fall has had always been a great time to go back to school on financial fitness, and ...
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What are credit scores and how are they important?
September 1, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...
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2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...
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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program
April 21, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...
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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...
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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
March 10, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...
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How Good vs Bad Debt Impacts Your Household in Barrie, Ontario
January 20, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...
read moreBank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
January 20, 2021 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...
read moreDec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
December 9, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...
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3 Tips on How to Better Your Credit Score in Barrie, Ontario
December 2, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...
read moreBank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program
October 28, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...
read moreBank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
September 9, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read moreJuly 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing
July 15, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read moreBank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve
June 3, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
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Bank of Canada maintains overnight rate target and unveils new market operations
April 15, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the ...
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Real Estate: How to Boost Your Credit Score Before Buying Applying for a Mortgage in Barrie, ON
January 21, 2020 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
For the vast majority of home buyers, obtaining a mortgage will be a vital part of the purchasing process. Of course, in order to be approved for that mortgage, you will need to ensure that your cre ...
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How Much House Can You Afford in Barrie, ON? Ask Yourself These Critical Questions to Find Out
December 31, 2019 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th ...
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3 Simple Ways to Repair Your Credit in Barrie, ON
December 24, 2019 | Posted by: Della Dwyer - Your Trusted Barrie and Surrounding areas Mortgage Broker
For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ...
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