Shop Your Renewal – Ask a Vancouver Mortgage Broker

Shop Your Renewal By Rob McLister, Editor,CanadianMortgageTrends.com”  Lenders make a lot more money when they renew your mortgage than on your initial term. That’s partly because they don’t have to compensate anyone for referring you (or compensate them as much). But it’s also because many renewers don’t comparison shop as much or negotiate as hard. According to a […]

Pick the right term, pay off mortgage faster – Consult with 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 The trick to making a mortgage disappear faster is to minimize your total borrowing cost. And nothing dictates total borrowing cost more than the term you chose. Picking the right term is even […]

Get a mortgage without a salary – Consult with a Vancouver Mortgage Broker

There are things that you can do to help you qualify for a mortgage. Landing a mortgage is trickier for the self-employed than their salaried counterparts. Not only do self-employed people face higher interest rates and CMHC mortgage insurance premiums, they are also more likely to have their loan applications rejected outright. If you’re self-employed, […]

Can you handle higher interest rates? – Consult with a Vancouver Mortgage Broker

Garry Marr  | @DustyWallet It may be stressful to think about it but higher mortgage rates are on the horizon. The questions for homeowners is whether they can handle a hike in interest rates. Bank of Montreal says consumers should stress test their mortgages a couple of ways, considering higher interest rates and a shorter amortization period. […]

Pick the right term, pay off mortgage faster – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail The trick to making a mortgage disappear faster is to minimize your total borrowing cost. And nothing dictates total borrowing cost more than the term you chose. Picking the right term is even more important than selecting the best lender, choosing the appropriate mortgage features and finding the […]

Bank of Canada Rate Biases – Consult with a Vancouver Mortgage Broker

Bank of Canada Rate Biases When the Bank of Canadatalks rates, analysts hang off of every word. They pay special attention to biases in the Bank’s wording (i.e., which way the Bank is leaning on interest rates). The media loves to pump commentators for predictions on whether the BoC will keep its rate “bias,” not keep its bias, […]

Early exit from closed mortgage can cost you dearly – Consult with a Vancouver Mortgage Broker

Early exit from closed mortgage can cost you dearly If you sign a mortgage deal for five years, you should ask how much you’ll pay if you leave early. The penalties can be shocking By: Ellen Roseman On Your Side, Published on Tue May 07 2013 When you buy a house and sign up for a fixed-rate mortgage, […]

Vancouver Mortgage Information for Newbies (Part 1) – From your Friendly Vancouver Mortgage Broker

Vancouver Mortgage Information for Newbies (Part 1) – From your Friendly Vancouver Mortgage Broker Many first time homebuyers can be a little bewildered by both the terminology and the types of mortgages available. This Vancouver mortgage broker can appreciate how daunting this process can be for you. To help you along, we’ve drawn up a […]

Vancouver Home Mortgages – Choosing Between 1 Year or 5 Year Fixed Rate – Consult with a Vancouver Mortgage Broker

Vancouver Home Mortgages – Choosing Between 1 Year or 5 Year Fixed Rate Lenders are motivated to push the 5 year fixed rate, and forecasters are predicting that rates for Vancouver home mortgages will rise in the spring of 2014. But, on the other hand these same forecasters have been doing that for 3 straight […]

Not asking this mortgage question could cost you thousands – Ask a Vancouver Mortgage Broker

 DIANNE NICE – The Globe and Mail Want a mortgage rate lower than those advertised by lenders? Ask and you shall receive.   In a Globe and Mail survey of more than 300 mortgage holders, 82 per cent said they were able to get a rate better than the lender’s official posted number when they last negotiated their […]

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