Choosing the mortgage term that is right for you can be a challenging proposition for even the savviest of homebuyers. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is right for you. The first consideration when comparing various mortgage terms […]

In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago.   Your best solution is to consult your mortgage professional to determine […]

   1. What’s the best rate I can get? Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates […]

In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago. Your best solution is to consult your mortgage professional to determine whether […]

Did you know you can use your RSP’s as a down payment to purchase a home?   Here’s the details… What is it?   It allows you to withdraw up to $25,000 from your RRSP’s to buy or build a qualifying home (you may not be allowed to use locked in RRSP’s) Each applicant can […]

Still struggling to save for that down payment? There’s still options to buy a home without a down payment. Must have strong credit and income, so if you do and you want to explore options…contact me, we have a program for that

Curious about the Vancouver housing market stats?  Check out the link from our very own economist Dr. Sherry Cooper.  She discusses the Vancouver real estate stats as well as the new budget announced by the BC government on Tuesday.  Click Here to Read Full Article

The BC Minister of Finance has announced several changes to the Property Transfer Tax program, effective Wednesday, February 17, 2016, which include: 1. a property transfer tax exemption for Canadian citizens and permanent residents who purchase newly-built homes, condos and townhouses under $750,000. Purchasers must live in the property for at least one year. This […]

Today Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down payment for properties up to $500,000 remains […]

If you are self employed and haven’t taken a mortgage in a few years, be prepared for a different process than what you are used to.  Lenders have tightened up on what they will allow and want to see that you have a viable business before approving your loan.   Here are the most typical […]