Questions to Ask a Vancouver Home Inspector – From your Vancouver Mortgage Broker

Questions to Ask a Vancouver Home Inspector – From your Vancouver Mortgage Broker No matter what kind of home you plan on buying, either a newly built home or an older home, it’s a good idea to hire a home inspector to make sure you’re not buying a lemon. Take it from aVancouvermortgage broker who […]

What’s the Scoop on Google and Mortgage Trends? – Ask a Trusted Vancouver Mortgage Broker

What’s the Scoop on Google and Mortgage Trends? How does the web site of the averageVancouvermortgage broker fare in Google? Are you in the money zone or in the back pages ozone? Anyone can set up a site or blog, but it doesn’t mean a thing if people aren’t clicking through. Maybe you set up […]

Why a housing crash is not imminent – Ask a Vancouver Mortgage Broker

It’s quite a sight to see the housing bears hail recent softness in the Canadian housing market as the beginning of a U.S.-style meltdown. But how can a crash be imminent when the catalyst is absent? History indicates overvaluation alone is not a sufficient condition. Take the U.S. housing market in 2007: the overvaluation only […]

Murphy: Gov’t may have jumped the gun- Ask a Mortgage Broker

The one-two punch of this summer’s mortgage rule and guideline changes may overwhelm the housing market, the president of CAAMP said during a national TV broadcast this week.  “The federal government introduced four set mortgage rule changes in June…we also saw some new underwriting guidelines from OSFI and also some changes by the CMHC,” said […]

Insured Buyers are the Majority – Ask a Vancouver Mortgage Broker

Mortgage insurance is typically mandatory for homebuyers without 20% equity. Putting down 10% on theaverage $350,152 home, for example, means you’ll cough up a $6,302 insurance premium (given fully documented income and decent credit). Since insurance premiums are tacked on to your mortgage, that adds up to $9,000+ if you amortize it over 25 years. Of course, you can avoid insurance […]

More than 60% of Home Buyers Need Mortgage Insurance

More than 60% of Home Buyers Need Mortgage Insurance   With the new federal regs coming into play in the near future, what does this mean for your Vancouver Mortgage Broker? Will new home buyers get squeezed out, or are they going to have to pay through the nose to own a home? How will […]

Should Mortgage Financing be Privatized? – Ask a Vancouver Mortgage Broker

Should Mortgage Financing be Privatized?   You can bet that question just got the attention of anyVancouvermortgage broker who happens to be checking out this site.   Nonetheless, it’s a debate that’s being kicked around out there and maybe one you might want to have a closer look at. You’re probably asking why anyone would […]

What if mortgages were more expensive and less accessible? – Ask a Vancouver Mortgage Broker

If you’re a first-time home buyer, odds are that you don’t have a 20-per-cent down payment. Without one, you typically need mortgage default insurance to buy a home. The biggest provider of that insurance is government-owned Canada Mortgage and Housing Corp. (CMHC). Since the credit crisis four years ago, its mortgage role has been hotly debated. On […]

Homeownership in Canada: A love story

Homeownership in Canada: A love story ComFree survey shows Canadian homeowners fall out of love with their homes after five years TORONTO, Sept. 26, 2012 /CNW/ – We’ve all heard of people getting the “seven year itch” when it comes to a monogamous relationship, but a new study commissioned by the ComFree network, the largest commission free real […]

RBC’s Step Forward – Ask a Vancouver Mortgage Broker

RBC‘s Step Forward Do you know what largely determines your mortgage rate? It’s the cost to your lender of raising capital in the first place. This is what makes recent activity on the part of RBC so noteworthy. RBC used covered bonds to raise $2.5 billion on September 12th of this year. Some of this […]

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