Email: info@hunformortgages.com | Phone: 613-218-8798

Raoul’s Mortgage Thoughts – June 2024

  While the recent news of the Bank of Canada’s rate change -.25% may have caught your attention, it’s essential to understand its direct relevance to your financial situation. If you’re currently with a fixed-rate mortgage, this change may have a limited impact on you. The Bank of Canada’s overnight lending rate, which is the rate that has been reduced, only impacts variable-rate mortgages and products. However, on the bright […]


Economic Insights from Dr. Sherry Cooper – June 2024

  Canadian inflation has fallen considerably for the past four months. Excluding shelter, inflation is a mere 1.6%. While the job market was relatively strong in April, the unemployment rate continues to rise. Job growth, though strong, is not keeping up with the surge in working-age immigrants. GDP growth was likely about 2.3% in the first quarter, but per capita GDP is falling. Moreover, economic activity will likely slow to […]


Best Home Features for Pets

  Creating a pet-friendly home involves considering the comfort, safety, and well-being of your furry friends. Here are some home features to consider: Durable Flooring: Choose scratch-resistant and easy-to-clean flooring like hardwood, laminate, or more durable tile options. Avoid carpets if possible, or choose pet-friendly carpeting that’s stain-resistant. Pet-Friendly Fabrics: Choose furniture and upholstery made from pet-friendly fabrics like leather or microfiber that are durable and easy to clean. This helps in […]


Refinancing Your Mortgage: Simplify Your Finances and Achieve Financial Freedom

  If you’re carrying high-interest debt on credit cards or loans, it can be challenging to make ends meet each month. However, refinancing your mortgage may be the solution to your financial woes. By refinancing, you can consolidate your debt into one manageable payment and save money on interest. Here are some of the benefits of refinancing your mortgage to pay off high-interest loans or credit cards. Refinance up to […]


Beware Subject Free Offers

When purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection Fire/home insurance protection Strata document review if appliable The purpose of these subjects is to protect the buyer from making a poor investment and ensure that there are no hidden […]


What is Alternative Lending?

  When traditional lenders like banks or credit unions decline your mortgage application, it’s easy to feel discouraged. However, it’s important to know that alternative options are always available. If you require a mortgage but don’t meet the requirements of traditional institutions, you’ll find yourself in what’s commonly known as the “Alternative-A” or “B” lending space. This sector consists of three types of lenders: Alt-A lenders: These include banks, trust […]


Tips To Create A Monthly Budget

Buying a home is an exciting milestone for many Canadians, but it can also be a stressful experience, especially when it comes to managing your finances. That’s why having a budget is crucial when buying a home. In this blog post, we’ll discuss the benefits of having a budget and provide a sample budget for a couple making $120,000 annually. First and foremost, having a budget helps you determine what […]


Frequently (and not so frequently!) Asked Mortgage Questions.

New to mortgages? Have questions but not sure where to start? We have the answers! What is the best interest rate I can qualify for? Your credit score holds significant sway over the interest rate you’re eligible for. As a borrower, the more risky you appear, the higher your interest rate will be. While the interest rate is a critical aspect of your mortgage, it’s not the most important factor. […]


Saving at Renewal

When Ontario homeowners Chris and Sam received their mortgage renewal notice from their bank in January 2023, they were disappointed to see what they were offered after so many years with the same bank. Luckily, they had heard from a friend that a Mortgage Agent named Raoul Hunt could help them save thousands and make the process easy. Skeptical at first, Chris and Sam reached out to Raoul to see […]


Purchase Plus Improvements Mortgage

When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, not conduct a major renovation where structural modifications are made. Simple renovations include paint, flooring, […]