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Latest News & Blogs

How to Buy a home after the latest Canadian Interest Rate Hike

Posted by Sherwood Mortgage Group on 11 May 2022
How to Buy a home after the latest Canadian Interest Rate Hike
  In early September, the Bank of Canada made the decision to raise its benchmark interest rates another 0.75% after they had remained at historically low levels over the pandemic. You’ve probably been wondering how to buy a home after the latest Canadian interest rate hike, so we're here to inspire, motivate, and educate you! You don’t need to take drastic measures that could wind up hurting you down the line, such as overpaying for a fixer upper to save money or panic...
Posted in:Mortgage NewsMortgage Education Resources  

5 Keys To Improve Your Credit Score in Canada

Posted by Sherwood Mortgage Group on 17 February 2022
5 Keys To Improve Your Credit Score in Canada
If you’re someone who has been on the hunt for your first home, you might have Google searched, "How to Improve Your Credit Score in Canada"? Well, credit scores are in fact a vital aspect of unlocking our pathway to many things, including homeownership. Here are 5 things you can do to improve your credit score, without overcomplicating the process.   Monitoring Payment History:  Your payment history is the most important aspect of your credit score. To improv...
Posted in:Mortgage Education ResourcesFinancial Literacy  

Keep Your Home Clean for Longer

Posted by Sherwood Mortgage Group on 21 November 2018
Keep Your Home Clean for Longer
We've all been there, spending a full weekend making the house spick-and-span only to see soap scum start to accumulate just a few days later. However, you can get the most out of your spring (or winter) cleaning by following these simple tips from Realtor Magazine. For instance, you can keep your shower door looking clean and transparent by using the same rain drop repelling liquid you use on your windshield. For more unexpected tips, visit magazine.realtor today. ...
Posted in:News  

Healthy Mortgage Debt in Canada

Posted by Sherwood Mortgage Group on 20 November 2018
Healthy Mortgage Debt in Canada
Despite concerns from mortgage professionals, the Bank of Canada says that the new mortgage rules are seeing success in reducing high-risk mortgage debt. According to Mortgage Broker News' Ephraim Vecina, the Bank of Canada credits increased interest rates and the mortgage stress test with a sharp fall in mortgages taken out by "highly-indebted borrowers." This effectively means that people with high debt and unsustainable finances are finding it more difficult to tak...
Posted in:News  

Sherwood Announces 10th Annual Award Winners

Posted by Sherwood Mortgage Group on 15 November 2018
Sherwood Announces 10th Annual Award Winners
With the winds getting colder, Sherwood Mortgage has decided to give our fifteen best agents a little reprieve from the winter, with a free trip to Cuba as a reward for our 10th annual brokerage awards! Chosen for their diligent work ethic and dedication to friendly customer service, we're proud to announce this year's winners: Anna Peluso Arbella Dooman Chris De Souza Eric Iankelevic Erin Hamilton JC Orellana Joe Mandar...
Posted in:News  

Is a 30-Year Mortgage Right for You?

Posted by Sherwood Mortgage Group on 14 November 2018
Is a 30-Year Mortgage Right for You?
What's more important for you: Getting the lowest interest rate possible, or getting the most peace of mind out of your mortgage? According to financial columnist Rob Carrick, home buyers who want to save themselves stress over monthly payments should consider a 30-year mortgage. While daunting to consider in terms of additional interest, as well as time, paying off your mortgage at this glacial pace can ensure you won't find yourself buried by monthly payments. To learn mo...
Posted in:News  

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