Archive for January, 2022

Archive for January, 2022

What Rate Hikes Mean for the Housing Market Financial Post

Posted on January 28th, 2022 by Leahs Mortgages

https://financialpost.com/real-estate/mortgages/what-rate-hikes-mean-for-the-housing-market Leah Zlatkin, mortgage broker with Lowestrates.ca, talks with the Financial Post’s Larysa Harapyn about how rate hikes will impact your mortgage payment and the housing market as a whole.

This is What a Rate Hike Will Cost Homeowners The Globe and Mail

Posted on January 25th, 2022 by Leahs Mortgages

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-this-is-what-a-rate-hike-will-cost-homeowners Someone with a HELOC balance of $142,000 at an interest rate of 2.7 per cent would see their monthly payments of principal and interest inch up from $650 to $668, a difference of $18 a month, or $216 a year, according to LowestRates. Still, several factors might soften the short-term financial blow of rising […]

Some Homeowners Spend More Time Planning Vacations than Reviewing Their Mortgage Survey Finds CTV News

Posted on January 20th, 2022 by Leahs Mortgages

https://toronto.ctvnews.ca/some-homeowners-spend-more-time-planning-vacations-than-reviewing-their-mortgage-survey-finds-1.5748518 Leah Zlatkin is a mortgage broker with LowestRates.ca and agrees people should spend more time understanding their mortgage agreements. “The majority of people out there find personal finances and mortgages outside their comfort zone,” said Zlatkin. The survey also found 74 per cent feel more should be done to educate people on mortgages and […]