Category: Uncategorized

In 2025, stronger credit profiles support a more stable housing market compared to the 2000s.
Buyers with higher credit scores access lower rates, more loan choices, and smoother approval processes.
Today’s buyers are generally more financially qualified, raising competition and reinforcing market resilience.
Good credit can save thousands annually by unlocking better mortgage terms amid elevated interest rates.
Your credit score matters more than headlines—improve it to increase flexibility and buying power in 2025.

60% of Canadian mortgages will renew in 2025–2026, with five-year fixed borrowers facing ↑ 15–20% payment increases.
~25% of borrowers could see payments drop, especially those with variable-rate, variable-payment mortgages.
10% of fixed-payment variable-rate borrowers may face payment spikes over ↑ 40% due to negative amortization.
Median mortgage debt service ratios will rise from 15.3% to 18% by late 2026.
Most borrowers can manage increases with income gains, amortization extensions, or home equity line access.

Your mortgage rate isn’t random—it’s shaped by economic forces, lenders’ costs, and risk factors.
Lenders borrow money too—your rate mostly depends on what it costs them to borrow.

Bond yields (~3%) expected stable, directly influencing fixed mortgage pricing.

By mid‑2025 overnight rate may drift between 2–3% range.

Canadian mortgages have amortizations up to 30 years, with typical terms lasting five years.
Interest rates can be fixed or variable; your rate depends on your financial risk profile.
Improving your credit score and income helps secure lower interest rates and better terms.
Closed mortgages limit early payments, while open terms allow flexibility but charge higher rates.
Approval depends on credit, income, down payment, and debt; 5% minimum down payment required.

Mortgages are secured loans specifically used to purchase or refinance Real Estate properties.

Personal loans can be secured or unsecured and cover expenses like cars, education, or vacations.

Mortgages require down payments, offer lower interest rates, and have longer repayment terms than most loans.

Loans range from $100 to tens of thousands; mortgages usually start at hundreds of thousands.

Mortgages include fixed, variable, open, closed, and hybrid options with terms up to 30 years.

Compare lenders by researching rates, prepayment options, penalties, and customer service responsiveness.

Use online reviews and forums to understand real borrower experiences beyond promotional claims.

Ask thorough questions to judge lender transparency and support during the mortgage process.

Mortgage brokers simplify comparisons and may access lenders or deals not available directly.

A lenders have strict criteria; B and private lenders suit those with credit or income challenges.

The mortgage lending market is projected to grow $27.5T by 2031.
CAGR of 9.5% driven by digital and tech adoption.