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Posted by: Rachel Beraldo Bittar
What are the criteria to qualify for a Mortgage? Explaining 5C’s of credit. It’s important to understand that these are not official standards, but rather the common factors a lender will consider when deciding to lend you money. In Canada, the focus is usually on the following five areas. Credit Score → Analyzing your credit […]
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AMORTIZATION: The period of time required to completely pay off a mortgage if all conditions are met and all payments are made on time. APPRAISAL: An estimate of the current market value of a home. APPRECIATION: An increase in the value of a home or other possession from the time it was purchased. CLOSED MORTGAGE: […]
Read MorePosted by: Rachel Beraldo Bittar
Benjamin Tal, the deputy chief economist at Canadian Imperial Bank of Commerce (CIBC), predicts that the Bank of Canada (BoC) will likely cut interest rates again in September 2024, following its recent 25-basis-point reduction. He suggests that economic indicators support further rate cuts, noting the BoC’s dovish stance and favourable inflation outlook. Tal anticipates another […]
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