Mortgage News
Home Buyer’s Plan: Understand Your Investment Brad and Brenda have been putting some money in their RRSPs investments for the last four years. Their last statement shows that they have $12,500 in their RRSP’s savings, and they also have $5,000 in the bank in their savings account. They decided to buy a starter home in…
November
That Oh So Important Financing Condition There you are, sitting down with your realtor and preparing an offer to purchase for that amazing home that you just looked at this afternoon. You get to the point in the conversation with your realtor about the need for a financing condition and you’re trying to remember…
November
4 Costly Mortgage Mistakes of those New Home Buying “Incentives” It’s exciting! Brand new shiny homes, opulent new appliances and granite countertops followed by massive marketing with deep discounts, rebates, cashback, free tvs, offers to pay your strata and mortgage payments? Developers are throwing in these incentives to entice buyers and many are getting shocked with…
November
What You Need To Know About Deposits & Down Payments On A Purchase When you write a contract to purchase a home, in the offer you’ll need to include a deposit amount, which you’ll agree to pay upon subject removal. This amount will then form part of the down payment upon closing. This amount does…
November
Buying a Second Home There are a growing number of families living in Vancouver, moving to the region, who are choosing the option of buying a second home in the lower mainland or in one of the many great locations throughout British Columbia. When it comes to mortgage financing, there are many lender programs available…
November
Rate Hold vs. Pre-Approval mis-con-cep-tion (noun) – a view or opinion that is incorrect because it is based on faulty thinking or understanding; mistaken notion; an erroneous conception. With not knowing how to start this particular blog post, I decided to look for some images that might summarize the topic best – What is the…
November
We’ve seen a lot of interest rate activity this summer primarily in the longer term fixed rates. At one point the 5 year fixed rate was at 2.79% and now sitting at around 2.89% best rate. The golden question we keep getting asked is if it’s going to continue to go up. We wish we…
October
Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed today. The index, which measures price changes for repeat sales of single-family homes, showed overall prices rose 1.1% in May – the…
June
June 2013 Market Update It seems a lot of lenders are moving up their 5year fixed rates in light of the Bank of Canada holding prime at 1% this quarter meeting and current bank prime staying at 3% as a result of the hold. That being said, mortgage rates are tied to the bond market…
June
Source: www.mortgagebrokernews.ca Date: May 22, 2013 “Many of the candidates aspiring to be CMP Top 75 brokers have gone back to the basics, with an emphasis on sales and not sidelines.” I am are very proud and humbled to be considered as a candidate for the top 75 Canadian Mortgage Professionals and featured in this…
May
