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My Rates

6 Months 7.94%
1 Year 6.94%
2 Years 6.52%
3 Years 5.74%
4 Years 5.54%
5 Years 5.09%
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
M23007802
BROKERAGE LICENSE ID
12347
Kyrn Stein Mortgage Agent Level 1

Kyrn Stein

Mortgage Agent Level 1


Phone:
Address:
610 Bronson Ave, Ottawa, Ontario

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Your home purchase, mortgage renewal or refinance is typically the largest financial transaction you'll likely make in your lifetime. Good mortgage advice can mean significant savings and wealth creation over the long term, which is why it's important to have the right person working for you.

I provide an authentic client experience defined by honesty, integrity, expert advice and helpful resources to give you the most innovative mortgage experience and one that saves you money and time.

Whether you're buying a property for the first time, or renewing or refinancing a mortgage, you deserve a smooth, convenient and professional mortgage process.

I’m pleased to have joined the Capital Home lending team with over 50years combined service, which will allow my clients to benefit from their knowledge and preferred lenders rates.

 


BLOG / NEWS Updates

Bank of Canada: Households are adjusting to the rise in debt-servicing costs

Following sharp declines during the COVID‑19 pandemic, many indicators of financial stress have now returned to more normal levels. Signs of stress are concentrated primarily among households without a mortgage and survey data suggest that, of these households, renters are most affected. In contrast, indicators of stress among mortgage holders are largely unchanged, remaining at levels lower than their historical averages. Factors such as income growth, accumulated savings and reduced discretionary spending are supporting households ability to deal with higher debt payments. Over the coming years, more mortgage holders will be renewing at higher interest rates. Based on market expectations for interest rates, payment increases will generally be larger for these mortgage holders than for borrowers who renewed over the past two years. Higher debt-servicing costs reduce financial flexibility for households and businesses and make them more vulnerable in the event of an economic downturn. Signs of financial stress have risen primarily among households without a mortgage The combination of higher inflation and higher interest rates continues to put pressure on household finances. Many indicators of financial stress, which had declined during the pandemic, are now close to pre-pandemic levels. Signs of increased financial stress appear mainly concentrated among renters. The rates of arrears on credit cards and auto loans for households without a mortgagewhich includes renters and outright homeownersare back to pre-pandemic levels and continue to grow. In contrast, arrears on these products for households with a mortgage have remained low and stable. https://www.bankofcanada.ca/2024/05/financial-stability-report-2024/

Bank of Canada: Financial Stability Report

Key takeaways Canadas financial system remains resilient. Over the past year, financial system participantsincluding households, businesses, banks and non-bank financial institutionshave continued to proactively adjust to higher interest rates. However, risks to financial stability remain. The Bank sees two key risks to stability, related to: Debt serviceabilityBusinesses and households continue to adjust to higher interest rates. Indicators of financial stress in both sectors were below historical averages through the COVID-19 pandemic but have been normalizing. Some indicators look to be increasing more sharply and warrant monitoring. Higher debt-servicing costs reduce financial flexibility for households and businesses and make them more vulnerable in the event of an economic downturn. Asset valuationsThe valuations of some financial assets appear to have become stretched, which increases the risk of a sharp correction that can generate system-wide stress. The recent rise in leverage in the non-bank financial intermediation sector could amplify the effects of such a correction. The financial system is highly interconnected. Stress in one sector can spread to others. Participants should continue to be proactive, including planning for more adverse conditions or outcomes. https://www.bankofcanada.ca/2024/05/financial-stability-report-2024/

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