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Bank of Canada Rate Cuts and Your Mortgage

General Angela Calla 28 Oct

Exciting times ahead in the world of mortgages! On Global News this past week, I discussed how VRM (Variable Rate Mortgage) holders can benefit from the recent rate cuts and how it compares to an ARM (Adjustable Rate Mortgage). With so many details affecting the cost of borrowing, understanding the terms of your mortgage is essential! Mortgage Renewals need this unbiased advice to avoid costly mistakes while navigating our changing market.

While fixed rates are also down, they’re tied to the bond market—NOT this latest 50bps decrease.

As an independent, unbiased broker, our team helps clients explore all their options to find the best fit for their unique situation.

Now is a fantastic time to create a purchase plan, especially as rates continue to fall and new affordability measures take effect. Whether you’re looking to save on closing costs with a new build, plan for a down payment, or just explore options, my team and I are here to help.

For 20 years, it’s been a pleasure assisting our clients in securing their financial futures, and we are looking forward to the next 20.

Click on the image below for the segment.

 


Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

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