Ned Kuruc Mortgage Consultant

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Do you want to unlock the equity in your home✅ Bad credit✅ Self employed ✅ I can help

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Bank of Canada expected to hold rates steady in face of conflicting economic signals — The Globe and Mail After eight consecutive rate increases, central bank officials believe they’ve done enough to get inflation back under control

Updated rates ! *high ratio is quoted

Bank said no? Let me help you!

I made the move to focus on alternative leading over two years ago, I have helped so many people solve there problems!

Looking to avoid the mortgage stress test? What to know about alternative lenders - National | Globalnews.ca The mortgage stress test is holding steady heading into 2023. For those boxed out of buying a home, is the alternative market an option? Here's what to know.

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The Bank of Canada has raised its overnight rate to 1.00%

The Bank of Canada announced today that it has raised the overnight rate by .50% to 1.00%, to curb rising inflation due to "Russia’s ongoing invasion of Ukraine which is causing unimaginable human suffering and new economic uncertainty. Price spikes in oil, natural gas and other commodities are adding to inflation around the world. Supply disruptions resulting from the war are also exacerbating ongoing supply constraints and weighing on activity. These factors are the primary drivers of a substantial upward revision to the Bank’s outlook for inflation in Canada.” Bank of Canada will attempt to stay clear of triggering stagflation which is quite possible if interest rates rise too quickly. Bank of Canada understands it needs to strike a balance between curbing inflation, sustaining Canada’s economic growth and monitoring the pressure levied against indebted households. Canada's surging inflation rate moved to a 30-year high of 5.7% recently, driven by high gas prices, soaring housing and rising food prices and this is well above the Bank of Canada’s target rate of 2% that it had hoped to maintain.

Expect more rate hikes throughout 2022 from the Bank of Canada.

The next rate-setting day is June 1, 2022.

Now is the time to get in touch for a review of your mortgage strategy. It's important to get advice and a professional assessment of your situation if you want to switch your mortgage for a new rate, need a new mortgage, are renewing, or looking to refinance for debt consolidation, renovations, or other large expenditures.

Have the banks said no?
Do you need money for,
- debt consolidation
- renovations
- start a business
- pay some bills
If you own your own home and have equity, give me a call and lets talk!

Need some money to pay some debts or do some renovations? Call me lets talk!

The bank says No? Lets Talk!

Ned Kuruc Mortgage Consultant With over 10 years experience I am here to find solutions for all your mortgage needs, specializing