CONSTRUCTION MORTGAGE PART 2 – THE BUDGET, THE LOAN AND THE KEY POINTS YOU NEED TO KNOW

  CONSTRUCTION MORTGAGE PART 2 – THE BUDGET, THE LOAN AND THE KEY POINTS YOU NEED TO KNOW Construction Mortgage Part 1 – Serviced vs Unserviced LotsThe first of our Construction Mortgage Blogs covered the basics of what you would need to know for this complicated mortgage type. In this second part, we will cover […]

IS THE BC HOME PARTNERSHIP PROGRAM RIGHT FOR YOU?

IS THE BC HOME PARTNERSHIP PROGRAM RIGHT FOR YOU? BC HOMEThe BC HOME Partnership Program was created for first time home buyers who have good credit and good income but do not meet the requirements for a minimum 5 percent down payment. With at least 2.5% down payment the BC Home Partnership Program will allow […]

Lower Qualification Rates on Conventional Mortgages. A Trend?

One year after most banks started using posted rates to qualify conventional mortgages, we’re starting to see some loosening of those policies. Three weeks ago, Scotiabank lowered its conventional qualifying interest rates, and last week FirstLine (a division of CIBC) did the same. Lower qualification rates impact debt ratio calculations and make it easier for […]