Mindblown: a blog about philosophy.
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Retirement Cash Flow? Consider Reverse Mortgages | Get Your Mortgage for a LilLez!
Reverse mortgages now serve Canadians 55+ as mainstream, flexible, tax-free retirement income tools. Homeowners can access up to 55% equity, no monthly payments, and full spending control.
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Refinance Your Mortgage: Smarter Savings | Get Your Mortgage for a LilLez!
Mortgage refinancing replaces your current loan with a new one, possibly at a lower interest rate. You can borrow up to 80% of your home’s value, minus your existing mortgage balance.
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Get Mortgage Pre-Approved Before House Hunting | Get Your Mortgage for a LilLez!
Mortgage pre-approval is a lender’s conditional offer based on your finances, not a final commitment. It confirms how much you can borrow, typically locking your rate for 90 to 120 days.
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How to Buy Your First Rental Property
Buying a rental property can build long-term wealth and passive income through careful planning, market research, and understanding financing and management. Investors can benefit from tax deductions and steady rental income. Down payments vary, with options like FHA, VA, HomePath, portfolio loans, and seller financing available. Alternatives include REITs and crowdfunding for hands-off real estate…
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Move & Save: Canada’s Mortgage Portability | Get Your Mortgage for a LilLez!
Mortgage portability lets you transfer your existing mortgage to a new home without penalties. It preserves your current interest rate and term, avoiding costly prepayment fees when relocating.
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GTA Mortgage Activity Slips: But Not the End? | Get Your Mortgage for a LilLez!
GTA mortgage originations fell to $3.3B in Q2, down from $4.4B in Q1. Uninsured loan-to-value ratios in Toronto dropped to 60%, down from 62% last quarter.
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First Home Buyer Checklist: The Facts You Need to Know
Buying a first home requires careful planning and organization. Start by setting a budget considering income, expenses, and ongoing costs. Check and improve your credit score, save for a deposit, and explore government grants. Get loan pre-approval to strengthen your position. Choose the right location based on lifestyle and growth potential. List must-have features, inspect…
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How to Negotiate Mortgage Rates
Negotiating your mortgage rate with lenders is essential, as initial offers are often higher than what you can secure. Key times to negotiate include obtaining a new mortgage, renewing an existing one, or when rates drop. Understanding posted rates, shopping around for better offers, and asking for lower rates can lead to significant savings. Using…
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How Low Will Prime and Variable Rates Go? | Get Your Mortgage for a LilLez!
Prime rate forecasted ~4.95% mid‑2025, falling to ~4.7% by year-end. CORRA‑linked variable rates trailing prime by ~0.85–1.4%.
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Are Canadian Mortgages Dropping Toward 4%? | Get Your Mortgage for a LilLez!
Five‑year fixed likely dips to 4%+ in 2025. Variable-rate mortgages expected ~0.25–1% lower than fixed.
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