How will the 0.15% prime rate reduction affect you?

How will the 0.15% prime rate reduction affect you?

Good news! Prime rate is decreasing by .15%! What does this mean to you and your mortgages, line of credit, or student loans? A lot of questions have come our way regarding the recent Bank of Canada announcement and their reduction of the overnight rate. After...
Saving at the gas pump can affect your mortgage

Saving at the gas pump can affect your mortgage

The Bank of Canada announced last week that it’s cutting its key overnight lending rate by a quarter of a percentage point because of plunging oil prices. A combination of high supply and low demand—particularly outside of the US—has caused the low oil prices. While...
Bank of Canada lowers interest rate again!

Bank of Canada lowers interest rate again!

Today, the Bank of Canada announced that it’s lowering its overnight rate target by ¼ of 1 percentage point to 0.75%. This effectively lowers the bank rate to 1% and the deposit rate to 0.5%. Unsurprisingly, this decision was in response to recent reduction in oil...
No matter your life situation, there’s a Right Mortgage for you

No matter your life situation, there’s a Right Mortgage for you

Since Right Mortgage launched in 2007, thousands of Canadians have helped it become one of the mortgage industry’s most successful mortgage products with over $4 billion purchased by people just like you. Right Mortgage is unlike any other mortgage transaction: it’s...
Why signing your renewal notice may be costing you more money

Why signing your renewal notice may be costing you more money

When it’s time to renew their mortgage, many homebuyers stay with the institution where they do all their banking. In the majority of cases, your lender will offer you a moderate discount over the posted rates, and all you have to do is sign a letter you receive in...

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