Change at first can seem scary, especially when it is unknown or not explained properly.  We wanted to make sure our clients have a better understanding of who the changes that took place on January 1, 2018 affect.  This article we have have linked into this post really breaks it down – it explains who the changes affect and why these changes were implemented.

Mortgages with the 20 Per Cent

The Bank of Canada has gone ahead and announced that they are increasing their prime rate another 1/4 percent, this is particularly important for variable rate mortgage holders.

If you have any questions or concerns around this increase, please contact us at the office 604.552.6190.

If you or maybe someone you know happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse.

We highly recommend reading this article about spousal buyouts.  The article may answer some of your questions!

If you have any other questions or are considering a spousal buyout, please do not hesitate to contact us at the office.  We would love to walk you through the proper steps. 604.552.6190.

When it comes to buying a home, there are many things to consider, many things that will affect your monthly payment or maybe whether or not you will be paying an insurance premium.

Dominion Lending Centres put out a great article that touches on different down payment amounts – This article is a must read.

Enjoy!