by KevinBell | Apr 18, 2023 | Debt
How David saved almost $12,000 by consolidating his credit card debt. Today many clients are using second mortgages to consolidate debt, payout balances owning to CRA, pay for home renovations, and access home equity for many other purposes. Many clients benefit from...
by KevinBell | Apr 18, 2023 | Mortgage, Rates
In today’s volatile interest rate environment, I can’t overstate the importance of taking advantage of a full 120 day preapproval period. At Direction Mortgage, we call all our existing clients at least 4 months ahead of renewal since we know that this will give us...
by KevinBell | Jan 4, 2023 | Debt, Mortgage, Rates
In 2023, Canadian interest rates are higher than they have been in 15 years and expected to decrease in 2024 and beyond For many homeowners, payments on variable rate mortgages, and lines of credit have been increasing as rates increase and this can certainly make it...
by KevinBell | Jan 4, 2023 | Bank of Canada, Mortgage, Rates
Happy New Year. In 2022 we had the Bank of Canada raise their overnight rate by 4% to 4.25% to reduce inflation. As a result, the economy is in much different position than when we entered 2022. Starting with the forecast of the major Canadian banks, we can see...
by KevinBell | Sep 10, 2022 | Debt
One situation that is very easy to solve as mortgage broker, but much harder through a bank, is a debt consolidation. Life is expensive and quickly getting more expensive. Consumers have taken on more consumer debt and continue to do so because of the higher prices...
