Bank of Canada Holds The Overnight Rate
The Bank of Canada held its benchmark rate at 4.5% for the second time this year, a relief to many Canadians.
While holding steady on interest rates, the Bank of Canada noted that it is continuing its policy of quantitative tightening and remains “resolute in its commitment to restoring price stability for Canadians.”
The real estate market may have slowed, but we may see that change in Kamloops with spring finally here.
Whether purchasing, renewing or accessing the equity in your home, you will want the best mortgage rates in Kamloops. This can be achieved by utilizing the services of a mortgage broker.
Mortgage brokers in Kamloops are professionals who help buyers obtain the best mortgage rate for their needs. One of the advantages of using a mortgage broker is that we have access to a variety of lenders and various products. Additionally, as a mortgage broker in Kamloops, we provide expert advice to buyers, which can be beneficial in navigating the complex mortgage market.
Mortgage agents in Kamloops are also professionals who help buyers obtain the best mortgage rates. The difference between mortgage brokers and agents is that agents work for a specific lender, while brokers work with various lenders. As a result, mortgage agents in Kamloops are knowledgeable about the products and services offered by their lenders and can help buyers obtain a mortgage that meets their needs.
Commercial mortgages in Kamloops are also a popular financing option. Commercial mortgages are loans to finance commercial properties such as office buildings, retail spaces and warehouses. One of the benefits of commercial mortgages is that they offer more flexibility than residential mortgages.
The decision to become a homeowner is exciting. However, the process will inevitably create moments of “what if?” Therefore, it can be helpful for you to sit down with a mortgage broker during the beginning of your home-buying process to create a plan that will help answer some of those “what if” questions.
If you are at the end of your mortgage term or looking to refinance, it can be just as beneficial for you to sit down with a mortgage broker. Often, the mortgage rates a mortgage broker has access to can save you thousands over the term of your mortgage. Also, better pre-payment options may be available to help pay your mortgage down sooner.
Are you or a friend looking to purchase, renew or refinance? I’d love the opportunity to help. Let’s talk today! I can be contacted at 250-320-4110 or by email at info@tarasalesmortgages.com
Tara Sales
The Right Advice at the Right Time
