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Category: Mortgages (14 posts)

Multi-Family Lending: What You Need To Know About Hard Money Loans in Toronto, Ontario

Multi-Family Lending: What You Need To Know About Hard Money Loans in Toronto, Ontario

March 1, 2021 | Posted by: Crosstown Mortgages

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...

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Why Borrowers May Choose a Private Mortgage in Toronto, Ontario

Why Borrowers May Choose a Private Mortgage in Toronto, Ontario

February 17, 2021 | Posted by: Crosstown Mortgages

Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...

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How to Handle a Mortgage After a Separation or Divorce in Toronto, Ontario

How to Handle a Mortgage After a Separation or Divorce in Toronto, Ontario

February 3, 2021 | Posted by: Crosstown Mortgages

Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...

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Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, recalibrates its quantitative easing program

October 28, 2020 | Posted by: Crosstown Mortgages

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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Reverse Mortgages – Impact on Heirs in Toronto, Ontario

Reverse Mortgages – Impact on Heirs in Toronto, Ontario

September 2, 2020 | Posted by: Crosstown Mortgages

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...

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When Is Mortgage Refinancing a Bad Idea in Toronto & GTA, Ontario ?

When Is Mortgage Refinancing a Bad Idea in Toronto & GTA, Ontario ?

June 3, 2020 | Posted by: Crosstown Mortgages

Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when inter ...

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Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

June 3, 2020 | Posted by: Crosstown Mortgages

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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5 Smart Ways to Use a Home Equity Line of Credit

5 Smart Ways to Use a Home Equity Line of Credit

April 15, 2020 | Posted by: Crosstown Mortgages

For homeowners across the globe, home equity lines of credit (HELOCs) have become a handy way of tapping into the value of their homes. However, when borrowing money against your home, it is always a ...

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What should you consider when refinancing your mortgage in the Greater Toronto Area?

What should you consider when refinancing your mortgage in the Greater Toronto Area?

April 1, 2020 | Posted by: Crosstown Mortgages

Mortgage rates are at a historic low. If you're thinking about refinancing your mortgage, you could possibly save significant amounts of money over the years. Especially in the first years of owning y ...

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Bank of Canada lowers overnight rate target to 0.25 percent

Bank of Canada lowers overnight rate target to 0.25 percent

March 27, 2020 | Posted by: Crosstown Mortgages

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. T ...

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Should You Pay Off Your Mortgage Early in Toronto, Ontario?

Should You Pay Off Your Mortgage Early in Toronto, Ontario?

February 18, 2020 | Posted by: Crosstown Mortgages

It's a dream to be able to pay off your mortgage early, but is there a downside?  While it sounds like a great idea, there are some factors to consider before doing so.  This article will ex ...

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Should You Refinance Your Mortgage?

Should You Refinance Your Mortgage?

January 8, 2020 | Posted by: Crosstown Mortgages

There is a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether ref ...

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Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 5, 2019 | Posted by: Crosstown Mortgages

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

November 28, 2019 | Posted by: Crosstown Mortgages

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...

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