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. […]

More than 60% of Home Buyers Need Mortgage Insurance

More than 60% of Home Buyers Need Mortgage Insurance   With the new federal regs coming into play in the near future, what does this mean for your Vancouver Mortgage Broker? Will new home buyers get squeezed out, or are they going to have to pay through the nose to own a home? How will […]

Is it time to regulate road reps? – Ask a Vancouver Mortgage Broker

Should bank road reps come under industry regulation? This is the question some brokers are asking as the heated debate onroad reps appropriating the mortgage broker title continues to a simmer. “I think this is the perfect time to look into having road reps licensed and regulated,” said Brian Lambert, broker with Real Mortgage Associates in Barrie, Ont. […]

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 […]

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 […]

What Impact will the New Mortgage Regulations Have? – Ask a Vancouver Mortgage Broker

What Impact will the New Mortgage Regulations Have? Industry insiders (including your trusted mortgage broker in Vancouver) are clamouring to determine the effects of the new mortgage regulations on the value of residential real estate. Is this something we should be seriously concerned about? Or are the effects just another overhyped fear, set to blow […]

Cashback Mortgages Live On – Find a Vancouver Mortgage Broker

Cashback Mortgages Live On A month and a half from now, cashback down payment mortgages will be no more – at least for institutions regulated at the federal level anyway. Alternatively, these mortgages are sometimes called 100% financing. The scrapping of such financial products is the result of the new B–20 mortgage regulations, mandated by […]

Broker Lender Applies for Bank Charter – Need real estate financing – find a Vancouver mortgage broker

Broker Lender Applies for Bank Charter Within a few years, you may have another option when it comes to banking. The fourth-largest broker channel lender by market share, Street Capital, has made public its intention to become a licensed bank. So not only will the company offer real estate financing, but also traditional banking products. […]

Noose Tightens for Potential Homebuyers Standing on Edge – Find a trusted mortgage broker in Vancouver

Noose Tightens for Potential Homebuyers Standing on Edge Anyone who has worked in the real estate business knows how important first time buyers are for residential real estate prices; this includes your trusted mortgage broker in Vancouver. The fact is, new buyers make up a substantial volume of the water on which home prices float. […]

« Previous Page — Next Page »