General Trish Pigott 22 Sep
Misconception No. 1: Your interest rate reflects the true cost of your mortgage. Your annual percentage rate (APR) is actually the figure that represents the true cost of your mortgage. It is inclusive of your interest rate, points, mortgage insurance (when applicable) and other fees, including mortgage default insurance and lender fees. It does not […]
Read MoreGeneral Trish Pigott 21 Sep
This past Monday we were seen sponsoring a hole for the Vancouver Police Department Sergeant’s Golf Tournament hosted at the Pitt Meadows Golf Club. The day was a great day for golfing as well as getting to meet some of the sergeants. We had a couple of fun games set up at hole number one […]
Read MoreMortgage Tips Trish Pigott 17 Sep
Coming up with a down payment to buy a home purchase can be difficult. But a down payment is an integral part of securing a mortgage. Today Canadians have to come up with at least 5% down when applying for a mortgage. If saving up for this kind of money proves to be a challenge […]
Read MoreGeneral Trish Pigott 8 Sep
The Bank of Canada released the September 2021 rate announcement this morning. We have put the statement from BoC below. The Bank of Canada has kept its key interest rate target steady at 0.25% as expected in its latest rate announcement, noting rising cases of COVID-19 in many regions as a risk despite the continuing […]
Read MoreGeneral Trish Pigott 7 Sep
You’ve been searching for a home; you find a home that has a lot of things on your list of what you are looking for. The only issue is that it requires some renovations and you don’t have the excess finances for those renovations. That’s where a purchase plus improvements mortgage comes in. Many people […]
Read MoreGeneral Trish Pigott 31 Aug
At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying […]
Read MoreMortgage Tips Trish Pigott 26 Aug
If you do not qualify for traditional financing all is not lost, since you may be eligible for an alternative – or private – funding. Mortgage professionals often have access to private investors who are willing to lend money to BFS individuals looking to obtain mortgages. Although you will pay a higher interest rate – […]
Read MoreMortgage Tips Trish Pigott 20 Aug
The decision to choose a fixed or variable rate is not always an easy one. It should depend on your tolerance for risk as well as your ability to withstand increases in mortgage payments. You can sometimes expect a financial reward for going with the variable rate, although the precise magnitude will ebb and flow […]
Read MoreMortgage Tips Trish Pigott 19 Aug
A successful home buying experience is all about getting the details right from start to finish. These tips for first-time homebuyers will help you navigate the process, save money and close the deal. We organized them into four categories: Preparing to buy tips. Mortgage selection tips. Home shopping tips. Home purchasing tips. Preparing to […]
Read MoreMortgage Tips Trish Pigott 18 Aug
What is equity and how does it work? Home equity is the difference between the value of your home and how much you owe on your mortgage. Home equity is the difference between the value of your home and how much you owe on your mortgage. For example, if your home is worth $250,000 and […]
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