Castle Mortgage Group
4-580 Pembina Hwy R3M 2M5 Winnipeg, MB, Canada

I've received a lot of calls and emails about deferring mortgage payments during the Covid-19 quarantine period. Here is a list of lender's numbers if you have any questions about their program. I also feel its imprtant to keep in mind this will only defer and not waive the payment, meaning that the payment is made up at the end of the mortgage. I'm always available to help if you have any questions.

Mortgage rates have decreased again!

As was expected the Bank of Canada has increased the prime lending rate by 0.25% today. What does this mean for those holding variable rate mortgages or home equity lines of credit? First of all, the sky is NOT falling. Your monthly payment will increase by $13 for every $100,000 you owe. There is still plenty of value for those thinking of going variable, or those already in a variable mortgage. If you signed up for a variable mortgage a couple of years ago, you can also lower your rate as today there are much bigger discounts available then in recent previous years. Did you know we can switch your mortgage and save you thousands? If you have any questions, feel free to reach out to me at 204-228-9565 or [email protected].

Three Reasons to get preapproved. Getting pre-approved for a mortgage before you sell your house is a wise move. With the real estate market moving as quickly as it is, getting a pre-approved mortgage isn’t just recommended, it’s vital. Going into the market blind is asking for trouble, and to help outline the reasoning as to why here are three HUGE reasons you need to get pre-approved first.... You’ll Know What You Can Afford Having a pre-approved mortgage takes the guesswork out of home shopping. By talking with a mortgage broker before looking for a home, you’ll have a clear and comprehensive understanding of your financial situation. This process will identify any problems with your credit ahead of time, letting you know exactly what homes are within your price range. Why waste weeks looking at houses that don’t fit your needs, when a simple pre-approval will make it clear at a glance which houses are actual options? The Seller is More Likely to Accept Your Offer The real estate market is in full swing right now, which means that many sellers are getting multiple offers on their home. Beating out the competition by making the best all-round offer is as important as finding the right house in today’s market. Imagine you had two offers on your house. Both were for the same amount of money, but one offer had a pre-approved mortgage, while the other one didn’t. Which one would you choose? You Won’t Find Yourself Suddenly Without Financing! Imagine making an offer on your dream house and having it accepted by the seller, but then finding out at the bank that you don’t have access to any financing. By looking for a home without getting your finances in order, you are opening yourself up to a lot of unnecessary risks. Take the time to get a pre-approved mortgage in place so that you can make an offer with confidence. Buying your first home is an incredibly exciting moment, but getting the right house at the right price takes a lot of preparation. With a pre-approved mortgage, the process will be much less stressful. If you’re thinking of buying a house and want to learn more about pre-approved mortgages, feel free to give me a call at 204-228-9565. I am always happy to help you better understand your mortgage options to make sure that you can secure the home of your dreams with a process that’s smooth and with a limited amount of stress.

Bank of Canada met again today, no changes to the prime lending rate. If you have a variable rate mortgage or a line of credit, there are no changes to your interest rate. https://www.theglobeandmail.com//article-bank-of-canada-h/