Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker

Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker Life happens. Sometimes we mess up or circumstances get beyond our control. Our credit is one of those things. It could be you simply spent way beyond your means, or maybe you got laid off from your job and fell […]

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 […]

Insured Buyers are the Majority – Ask a Vancouver Mortgage Broker

Mortgage insurance is typically mandatory for homebuyers without 20% equity. Putting down 10% on theaverage $350,152 home, for example, means you’ll cough up a $6,302 insurance premium (given fully documented income and decent credit). Since insurance premiums are tacked on to your mortgage, that adds up to $9,000+ if you amortize it over 25 years. Of course, you can avoid insurance […]

Brokers fear more compensation cuts – Ask a Vancouver Mortgage Broker

By Nestor Arellano    Mortgage professionals are worried First National‘s compensation cut will see other lenders follow suit or — what’s even more sinister — adjust their interest rates to force broker buydowns. “First National’s decision was troubling because many brokers fear other lenders would follow suit,” said Sudip Adhikari, a broker with Centum in Toronto. […]

What if mortgages were more expensive and less accessible? – Ask a Vancouver Mortgage Broker

If you’re a first-time home buyer, odds are that you don’t have a 20-per-cent down payment. Without one, you typically need mortgage default insurance to buy a home. The biggest provider of that insurance is government-owned Canada Mortgage and Housing Corp. (CMHC). Since the credit crisis four years ago, its mortgage role has been hotly debated. On […]

How a Vancouver Mortgage Broker Can Help You

How a Vancouver Mortgage Broker Can Help You By Brennan ValenzuelaRatehub.ca Buying a house and getting a mortgage can be an overwhelming experience. The process involves hours of research and education before you make the largest financial commitment of your life. Did you know that using a mortgage broker can save you two of your […]

Covered Bonds Explained – Ask a Vancouver Mortgage Broker

Covered Bonds Explained Chances are, unless you work in something related to finance or the housing industry, you’ve probably never heard of “covered bonds”. Though I’m sure you’d be happy to hear that they indirectly help provide homeowners (including yourself) with low mortgage rates. They also help give mortgage borrowers additional options. We will delve […]

Prevent family friction at the bank of mom and dad – Ask a Vancouver Mortgage Broker

Prevent family friction at the bank of mom and dad Legal documents can reduce risk when it comes to lending money to relatives   A visit to the bank of mom and dad is often necessary when buying a home, but it always pays to use a lawyer when lending money between the generations. Having […]

Be Loyal & Don’t Shop: A Recipe for Overpaying

Be Loyal & Don’t Shop: A Recipe for Overpaying Big banks love mortgage consumers who don’t carefully comparison shop. They also enjoy capitalizing on their “home bank” advantage with existing customers. The article that follows examines recently-released research on these topics. It’s a revealing look at how big lenders benefit significantly from things like mortgage “search costs” […]

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 […]

« Previous Page — Next Page »