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, […]

Are bank online mortgage break-fee calculators reliable? Not always – Consult with a Vancouver Mortgage Broker

Are bank online mortgage break-fee calculators reliable? Not always ROBERT MCLISTER– Special to The Globe and Mail Getting a quote for the cost of breaking your mortgage early – and understanding it – hasn’t always been easy. That was supposed to change last year when the Finance Department compelled banks to put penalty calculators and guidelines […]

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 […]

Strategic Matches – A New Way to Place Private Mortgages – Consult with a Vancouver Mortgage Broker

By Rob McLister, Editor, CanadianMortgageTrends.com Have you ever seen a cool new idea and wondered how on earth it took so long to come up with it? One such idea, at least in this author’s mind, is matching private lenders withnon-prime borrowers online. And a start-up called Strategic Matches is now doing just that. Strategic Matches simplifies […]

TD Joins RBC in Raising Fixed Rates – Ask Adil Virani – Vancouver Mortgage Broker

TD Joins RBC in Raising Fixed Rates  By Rob McLister, Editor, CanadianMortgageTrends.com” After cutting advertised rateslast week, TD Canada Trust has followed RBC’s leadin lifting rates back up. Like RBC, TD is raising its advertised: 4-year fixed …by 10 bps to 3.09% 5-year fixed …by 20 bps to 3.29% These changes take effect Tuesday, June 11. And if history is a guide, they’ll likely be matched by […]

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 Mortgages for Newbies (Part 2) – Types of Available Vancouver Home Mortgages

Vancouver Mortgages for Newbies (Part 2) – Types of Available Vancouver Home Mortgages Vancouver home mortgages are offered in many different packages and formats. Lenders are all in competition for your business. Choosing the right mortgage for you can be a challenge and even stressful because it is such a big investment. A simple oversight […]

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 […]

A deal killer brokers can overlook – Ask a Vancouver Mortgage Broker

by Donald Horne Too many mortgage brokers are missing the biggest deal killer out there, says one Vancouver broker, and it can be easily avoided with one simple conversation. “It is definitely something we as brokers need to do, to tell the clients that they are harming themselves by making big-ticket purchases right when their mortgage […]

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