Lotus Loans and Mortgages Mississauga mortgage blog. Get the latest news on Canadian mortgages, mortgage brokers, and mortgage rates.
BoC meeting
This past September 4th, I don’t think that anyone was surprised by the Bank of Canada’s (BoC’s) decision to cut Prime rate by another .25%, marking three consecutive meetings with a quarter-point interest rate cut. [...]
Mortgage Renewals in Mississauga, ON
In the near future, there are a large number of mortgage holders coming up for renewal. Part of the offer that our mortgage specialists in Mississauga, ON provide is simplifying the complex world of mortgages. [...]
No Payment Mortgage
Lotus Loans & Mortgages Corp. wants to introduce you to a new lending concept that is similar to a Reverse Mortgage but without any age restrictions. With this new product, Lotus Loans & Mortgages Corp. [...]
30-Year Amortization for insured mortgage on new construction homes
Today, I’m reminding everyone about the significant change for first-time homebuyers, a reintroduction of the 30-year amortization period for insured mortgages for new construction homes starting in August 2024. Remember that insured mortgages mean CMHC [...]
Purchase Plus Improvement Mortgage
At Lotus Loans & Mortgages Corp, we want to introduce you to a powerful tool in home buying: the Purchase Plus Improvement Mortgage. It's not just about buying a house; it's about transforming it into [...]
BoC rate cut 😊👏🏼🥳
Finally, exciting positive news from the mortgage market! The Bank of Canda (BoC) has just lowered its key interest rate to 4.75%, the 1st cut in over 4 years. This is fantastic news for anyone [...]