HOME RATES ABOUT SERVICES VIDEO BLOG CONTACT ME TEAM

My Rates

6 Months 7.94%
1 Year 6.94%
2 Years 6.52%
3 Years 5.54%
4 Years 5.34%
5 Years 4.99%
7 Years 6.24%
10 Years 6.29%
6 Months Open 9.75%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
M16002667
BROKERAGE LICENSE ID
11995
Janeth Castor Mortgage Agent Level 2

Janeth Castor

Mortgage Agent Level 2


Phone:
Address:
1024 Kennedy Road , Scarborough, Ontario

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Don't dream about it, live in it! - I provide options!!!

 

By choosing to work with (JC) Janeth Castor you gain access to multiple lenders with competitive rate exclusive to brokers only. With one credit check, we are able to browse a wide range of mortgage products she is able to determine which lender is best for you. She will not send an application if there is a slight chance of denial, but work with the client to ensure approval. She will negotiate on clients' behalf and ensure your financial goal is achieved without having to stress!

 

JC specializes in Purchase, Refinance, Property Investments, Bankruptcy, Consumer Proposals, Renovations, Line of credit and alternative lending
Languages: Fluent in speaking and writing English and Tagalog

 

Why ULTM?

 

Also known as Ultimate Mortgage Group, Licence #11995 (under Cecilia Ramos Team), is considered to be Canada's Top 75 Mortgage Brokers from 2017-2022.With consistent hard work & dedication they maintain access to various lenders to provide consumers with endless mortgage solutions! In the year 2022, ULTM represented 58 lenders.

 

GIVE ME A CALL FOR A FREE, NO OBLIGATION ASSESSMENT. CREDIT REPORT NOT REQUIRED.


BLOG / NEWS Updates

Further Rate Cuts on the Horizon: Scotiabank’s Forecast Tables

From Scotiabank We expect the Bank of Canada to cut by 25bps at each of the next three meetings. Inflation is on a good downward path though growth in the interest rate-sensitive parts of the economy remains surprisingly strong. Positive risks to the outlook for growth and inflation remain as interest rates come down. We are particularly mindful of the response in real estate markets and household spending. Any materialization of upside risks would imperil future rate cuts. Rate cuts have finally begun in Canada. With inflation hopefully on a sustained downward path despite the interest rate-sensitive parts of our economy performing surprisingly well, it is now clear that the Bank of Canada has decided rate relief is necessary. That is great news for borrowers if the Bank of Canada follows through with additional cuts. We think they will, though we remain concerned about upside risks to inflation given rising wages and falling productivity, the surprising strength in consumption, the serial over-stimulation by the federal and provincial governments, and the potential for a housing market rebound. As a result of the latest decision and the communications around that we are changing our Bank of Canada view and now expect that Governor Macklem will cut the policy rate at each of the next three meetings, for a total of 100bps of cuts this year. https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.global-outlook-and-forecast-tables.scotiabank%27s-forecast-tables.2024.june-6--2024.html

NBC BoC Policy Monitor: Price progress = Policy pivot

From National Bank of Canada In the first rate decision with material uncertainty in a year, the BoC opted lower the target for the overnight rate by 25 basis points, a decision in line with market expectations and the consensus forecast. This makes the BoC the first G7 central bank to ease policy this year, though the ECB is widely expected to follow suit tomorrow. Citing clear progress in core inflation, in addition to ongoing sub-potential growth and a rebalancing labour market, the press release noted monetary policy no longer needs to be as restrictive. The focus now turns to the pacing of cuts in this nascent easing cycle. In the opening statement to the presser, Macklem said its reasonable to expect further easing as long as inflation continues to ease. That puts a July cut squarely in focus and wed be inclined to bet they will ease again at the next meeting. At the same time, wed note that earlier BoC communications indicated that monetary policy easing this year would be gradual. Macklem confirmed this view in the press conference. So although back-to-back cuts may be instituted to start, were skeptical theyll continue at the same pace thereafter. We agree with market expectations that 50 basis points of additional rate relief is appropriate in 2024. In contrast, the consensus sees this marking the start of a more aggressive easing campaign. The median expectation is for a 4% policy rate by year-end. Three more cuts over the last four decisions of the year, isnt a pace of cuts we would characterize as gradual and isnt as likely to materialize barring a more material slowdown in the economy. The Banks next decision will take place on July 24th. The Summary of Deliberations for todays decision will be released on June 19th. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/boc-policy-monitor.pdf

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank