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Thursday, August 4th, 2022

Variable vs. Fixed Rates – The Latest – Consult with a Vancouver Mortgage Broker

By Rob McLister, Editor, CanadianMortgageTrends.com As many as 85% of newmortgagors are choosing fixed rates, says CAAMP. It makes you wonder, what is it going to take to get that number back to its historical average of ~65%? For one thing, the fixed-variablespread (i.e., difference between fixed and variable rates) needs to widen. With today’s typical 5-year fixed at 2.84% and […]

FSCO frustrated by unlawful advertising – Consult with a Vancouver Mortgage Broker

Too many unlicensed brokers and not enough resources has FSCO frustrated with the deluge of public complaints over illegal mortgage brokering advertisements.   “The guys who post the signs on the street posts, under the street lamps, they are preying on people in dire financial situations,” says Bhan Persaud, the senior licensing approvals officer with […]

7 Characteristics of Debt-Free People – Consult with a Vancouver Mortgage Broker

By Dave Ramsey Family #1 manages to pay off $40,000 in debt in two years on a $35,000 annual income. Family #2 makes $100,000 a year but can’t seem to make the slightest dent in the same amount of debt. Why is that? Obviously, the second family has a spending problem. They make plenty of […]

So-called “Best Rate sites” are put to the test with shocking results.- Ask a Vancouver Mortgage Broker

by Steve Garganis There’s been a surge of ‘Best Rate’ sites popping up… Chances are, you’ve probably seen one or more of their online ads…   You know the ones…‘shopping’ for the Best mortgage rates in Canada’ and ‘comparing Canada’s mortgage brokers for the best rate”.   It does sound great… and it seems to be getting lots […]

New Rules or Old Rules for Mortgages – From your Friendly Vancouver Mortgage Broker

New Rules or Old Rules for Mortgages – From your Friendly Vancouver Mortgage Broker During the previous four and a half years, the feds have introduced over two dozen changes in both new policies and regs that have had an impact on Vancouver home mortgages. With good intentions in mind, this Vancouver mortgage broker understands […]

Mortgage financing: Pay attention to the rules and related costs!- Ask a Vancouver Mortgage Broker

Mortgage financing: Pay attention to the rules and related costs! To calculate the price of the house you can afford, taxes, rebates and hidden expenses must be factored in By: Kristin Kent Special to the Star, Published on Thu Apr 11 2013 When Tony Clark and his wife, Faye, started looking for a house two years ago, they […]

Credit cards: Managing your credit rating – Consult with a Vancouver Mortgage Broker

By: Kristin Kent Special to the Star, Published on Fri Apr 05 2013 “I’m definitely not an impulse shopper. I suffer from deep buyer’s remorse; if I don’t have the ability to pay it off, I’ll fret over it. If it’s a large sum of money, I’ll fret over it. I keep delaying big purchases, because I’m looking […]

IRD Clarity Has Cometh – Ask a Vancouver Mortgage Broker

IRD Clarity Has Cometh In March 2012, the Financial Consumer Agency of Canada(FCAC) announced improvements to the disclosure of mortgage prepayment charges. Those improvements were designed to make life easier for people needing to assess the cost of an early refinance or mortgage termination. The first set of enhancements arrived by last September. Among other things, they required banks to […]

Could your finances use a mid-March boot camp?- Consult a Vancouver Mortgage Broker

PREET BANERJEE Special to The Globe and Mail It seems like only yesterday that calendars ticked over to 2013 but here we are in the middle of March. Nevertheless, you don’t have to wait for the New Year to implement a new resolution – setting aside one random day for a financial bootcamp to free […]

Online resources to help you save

Online resources to help you save Here are a few places to start in your search for online information that will help you become a better saver and smart spender. By: Adam Mayers Personal Finance Editor, Published on Sun Mar 03 2013 In the Internet age, information is at your fingertips in a nanosecond. It took Google less […]

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