Bridge financing can ease closing day stress – Consult with a Vancouver Mortgage Broker

Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart. Published on Fri Aug 16 2013 Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals […]

How ‘affordable housing’ became an oxymoron – Consult with a Vancouver Mortgage Broker

ROB CARRICK– The Globe and Mail–  Housing affordability in Canada is as alive as the chances of the Toronto Blue Jays making the baseball playoffs and the appeal of eating a Cronut burger. Housing was just barely affordable before mortgage rates started climbing earlier this summer. Now, with the popular five-year fixed rate up roughly two-thirds […]

How to reduce mortgage penalties – Ask a Vancouver Mortgage Broker

How to reduce mortgage penalties Backing out of a mortgage early? You probably won’t be able to avoid fees entirely, but you can limit them. A rise in interest rates appears imminent, so folks with big mortgages might want to lock in the current low rates now! But for some, that means getting out of an […]

Top 6 real estate scams – and how to avoid them – Consult with a Vancouver Mortgage Broker

CHRISTOPHER MYRICK The following article is from Canadian Real Estate Wealth Magazine. Fraud and investment scams abound at all levels of the real estate market – whether it be a contractor who charges hundreds of dollars for work not done to an “investment agent” who embezzles hundreds of millions – protecting yourself can require a measure […]

Popular financial advice that might be best to ignore- Consult with a Vancouver Mortgage Broker

LINDA STERN- WASHINGTON — Reuters  Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn’t bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld: yadda, yadda, yadda. The problem is a lot of that is bad advice. At best, […]

Balancing financial priorities as parents – Consult with a Vancouver Mortgage Broker

By Gail Vaz-Oxlade | MoneySense Where to draw the line between providing for your children and saving for your own retirement. Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?” Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping […]

Six renovations that don’t add value to your home – Ask a Vancouver Mortgage Broker

Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home’s value. Certain projects, such as adding a well thought-out family room – or other functional space – can be a wise investment, as they […]

CMHC moves to take steam out of housing market – Consult with a Vancouver Mortgage Broker

TARA PERKINS- The Globe and Mail Ottawa is taking new steps to cool the country’s housing market. Canada Mortgage and Housing Corp. is limiting guarantees it offers banks and other lenders on mortgage-backed securities. The measure comes amid the federal government’s efforts to protect taxpayers from financial risks in the housing sector, further cool lending and […]

Bankruptcies down, but more Canadians negotiating way out of debt: report

An increase in the number of Canadians negotiating their way out of debt troubles is changing the composition of Canadian insolvency figures. The number of bankruptcies in Canada has fallen back to pre-recession levels, according to a CIBC report released Monday, to 4 insolvencies per 1,000 of the adult population from an all-time high reached […]

This Change Will Have a Direct Impact on Rates – Ask a Vancouver Mortgage Broker

Robert McLister is the editor of CanadianMortgageTrends.com and a mortgage planner at Verico IntelliMortgage, a mortgage brokerage. You can also follow him on twitter at @CdnMortgageNews Ottawa has been trying to de-risk the housing market since 2008. But all of the mortgage rule tightening since then has only slowed the market for a few quarters at a time. Home […]

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