Mortgage Broker Abbotsford

Homeownership in British Columbia, including Surrey and Abbotsford , offers more than just a place to live—it’s also a valuable financial asset. Many homeowners build significant home equity over time, which can be used to meet various financial goals. However, not all homeowners want to refinance their mortgage to access this equity, especially when interest rates are high or when they have an attractive existing mortgage rate. At Satbir Bhullar Mortgages , we specialize in helping homeowners unlock their home equity without having to refinance their mortgage. Whether you need extra funds for home renovations, debt consolidation, or investment opportunities, there are multiple ways to leverage home equity while keeping your current mortgage intact. Understanding Home Equity and Its Importance Home equity is the difference between your home’s current market value and the remaining mortgage balance . As property values appreciate and mortgage payments decrease, home equity naturally g...

Trump’s 25% tariffs on Canadian imports are adding new challenges to the Canadian economy, directly affecting First-Time Home Buyer Mortgages . With the Bank of Canada (BoC) cutting interest rates six times , mortgage rates are shifting, creating both opportunities and risks for homebuyers. For those searching for the best mortgage rates in Surrey , the uncertainty around tariffs, inflation, and interest rates means timing your mortgage decision is crucial . Should you lock in a fixed rate or opt for a variable mortgage? And how are Mortgage Brokers in Surrey helping buyers navigate these changes? Let’s break it down. 1. Trump’s Tariffs & Their Effect on Canada’s Economy Trump’s tariff threats caused market panic , leading to a drop in bond yields , which influence fixed mortgage rates. Key economic effects include: The five-year Government of Canada bond yield dropped by 20 basis points after Trump’s tariff announcement, hitting its lowest level since April...