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Sunday, July 24th, 2016

One couple’s all-in bet on rising real estate – Ask a Vancouver Mortgage Broker

DIANNE MALEY- Special to The Globe and Mail Mel and Melanie have a home in Quebec, three rental properties and a mountain of mortgage debt. But Canadians love their real estate, so now that Melanie is back at work, they want to buy more. He is eyeing a commercial property, while she wants a vacation home […]

Would shorter amortizations make the housing market safer? – Ask a Vancouver Mortgage Broker

Canada’s banking watchdog seems intent on stamping more risk out of the mortgage market. The latest idea being floated by The Office of the Superintendent of Financial Institutions (OSFI) is to limit amortizations to 25 years for homeowners who have put down 20 per cent of the purchase price or more. The current maximum is 35 years. If this […]

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 […]

The Risks of Using Home Equity to Buy Stocks – From Your Friendly Home Mortgage Broker

The Risks of Using Home Equity to Buy Stocks – From Your Friendly Home Mortgage Broker There are many ways to use the equity you’ve built up in your home. One approach used by some homeowners to use their available equity is to mortgage their home and use the funds to invest the money in […]

Are You Using Your Home for your Retirement Income? – Ask a Vancouver Mortgage Broker

Are You Using Your Home for your Retirement Income Many people who bought a home use to expect that they would pay off their mortgage before they retired and would apply that equity to fund their retirement. Surprisingly, for many people, especially for those who are in the 50 plus age bracket, this is not going to […]

Will you fund your retirement through home equity? – Consult with a Vancouver Mortgage Broker

Will you fund your retirement through home equity? Are you one of the many Canadians who did not make a contribution to your RRSP ahead of the March 1 deadline? Is it because you are bogged down by other debt, perhaps a hefty mortgage? While it’s become harder for first-time home buyers to get into […]

Using a HELOC as a 2nd Mortgage – Ask a Vancouver Mortgage Broker

Using a HELOC as a 2nd Mortgage What is a HELOC and how can you use it as a 2nd mortgage? What are the pros and cons of using a HELOC? This article will give a better understanding of how and whether you might want to apply for a HELOC. The term HELOC simply means […]

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker

Pay off your Mortgage Before you Retire – From your Friendly Vancouver Mortgage Broker Back in the old days, most people had planned to pay off their mortgage before they retired. Times have definitely changed and if anything the reverse seems true in today’s climate. The baby boomers could be facing some rough waters ahead […]

First Time Home Buyer – Ask a Vancouver Mortgage Broker

First Time Home Buyer Being a first time home buyer can be a scary yet exciting venture. For many people, buying a home is the most significant investment they will make. As aVancouvermortgage broker, I can tell you that if you plan carefully and get all your ducks in a row before you buy, the […]

Smith Maneuver on Death Row? – find out more from a Vancouver Mortgage Broker

Smith Maneuver on Death Row? Many Canadians utilize leverage within their investing strategies; users of such strategies number into the tens of thousands. Among these techniques we find tactics like the Smith Maneuver. Such leveraged techniques (sometimes involving home equity lines of credit) can magnify gains and allow intelligent investors to pay off their Vancouver home mortgages much […]

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