Lotus Loans and Mortgages Mississauga mortgage blog. Get the latest news on Canadian mortgages, mortgage brokers, and mortgage rates.
Mortgage Renewals
Over the next few years, Canada will see the highest number of mortgage renewals in history. That means millions of homeowners will face higher rates and with that, tough choices. Remember that a mortgage renewal [...]
How to Choose the Right Mortgage Broker in Mississauga: Expert Advice for Homebuyers
Securing the right mortgage is a critical step in buying a home. Whether you’re a first-time buyer or refinancing, a trusted mortgage broker in Mississauga can simplify the process. This guide covers what to look [...]
Recent Rates Drops!
Canada is in a decreasing rate environment — interest rates are dropping, and we’re now seeing fixed rates under 4% available on CMHC-insured deals. And there’s more good news: Variable rates are expected to drop [...]
Mortgage Insurance Rule Changes to Enable Homeowners to Add Secondary Suites
Exciting news for homeowners started January 15, 2025! A new program will allow refinancing up to 90% of your home’s value, that’s up from 80%—to create secondary suites like basement apartments or laneway homes, as [...]
December 2024 BoC Decrease
The Bank of Canada has made another big move this past week, cutting by 0.50%, bringing bank Prime down to 5.45%, a full 175 basis points lower than in June. This marks the 5th rate [...]
Debt consolidate through a 2nd mortgage
How a Second Mortgage from Lotus Loans & Mortgages Corp Can Help You Consolidate Debt Without Breaking Your First Mortgage Are high-interest debts piling up? If you're struggling to manage multiple payments on credit cards [...]