Category: Uncategorized
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Happy Women’s Day | Get Your Mortgage for a LilLez!
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…
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Severe Distress: Ontario Mortgage Delinquencies 50% Higher Than Pre-Pandemic
Mortgage delinquencies in Ontario rose significantly in Q4 2024, with over 11,000 mortgages missing payments, nearly three times the number from 2022. The total consumer debt in Canada reached $2.56 trillion, with younger and lower-income individuals particularly affected. While some Canadians benefited from lower interest rates, many face payment shocks as they renew mortgages at…
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Tips for Toronto Auto Insurance | Get Your Mortgage for a LilLez!
Insurance rates depend on age, gender, location, driving record, vehicle type, and annual mileage. Use tools to compare personalized insurance rates from multiple providers to find the best deal.
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How to improve your credit score with rent payments in Canada
Several tools and services in Canada are emerging to help renters report on-time payments to credit bureaus, aiding in credit establishment without incurring debt. Rent reporting tools can record rent payments with Equifax and TransUnion, benefiting those with poor or no credit history. This practice can improve credit scores, enhance access to loans and mortgages,…
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How to Pay off Your Mortgage Faster | Get Your Mortgage for a LilLez!
Paying off your mortgage faster frees up finances, builds equity, and saves significant interest over the loan’s lifespan.Increasing payment frequency with accelerated bi-weekly or weekly payments reduces interest costs and shortens mortgage amortization.
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Preparing for Mortgage Renewal in 2025 | Get Your Mortgage for a LilLez!
Compare multiple offers to find the best deal available. Prepay your mortgage before renewal to lower the loan balance, reducing monthly payments and saving on interest.
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Competitive Mortgage Offers Expected to Dominate 2025 | Get Your Mortgage for a LilLez!
With inflation at 2% and rate cuts continuing, Canadians can expect lower mortgage rates in 2025. Variable-rate mortgages are expected to fall below fixed rates in 2025 as they gain renewed interest.
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Unemployment Surge Sparks BoC Rate Cut Decision in 2025 | Get Your Mortgage for a LilLez!
The BoC’s latest interest rate drop shows a shift in economic strategy for 2025. Consumer spending and housing activity rose, showing lower rates are reviving household spending amid excess economic supply.
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9 Consejos para una Renovación Exitosa de Hipoteca en Canadá
Renovar una hipoteca en Canadá puede afectar significativamente las finanzas, especialmente con el aumento de las tasas de interés. Cambios clave incluyen la eliminación de la prueba de estrés para prestatarios que cambian de prestamista al renovar. Los propietarios deben prepararse para pagos más altos y buscar mejores tasas con anticipación. Consejos para una renovación…
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Would You Qualify for a Mortgage in 2025? | Get Your Mortgage for a LilLez!
58% of Gen Z and millennials aim to buy homes in the next five years despite rising costs. To qualify for a traditional mortgage, credit scores should range between 620 to 680 or higher.