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 […]

Preparing an Older Vancouver Home for Sale (Part 2) – From your Friendly Vancouver Mortgage Broker

(Part 2) Preparing an Older Vancouver Home for Sale – From your Friendly Vancouver Mortgage Broker When you’re selling an older home in Vancouver, you can bet that any prospective buyer is going to want to see that the home has seen its share of TLC put into the maintenance of the home. You can […]

Canadian homeowners don’t expect to be mortgage-free until they’re 57: CIBC – Ask a Vancouver Mortgage Broker

TORONTO – The average Canadian homeowner doesn’t think they’ll be mortgage-free until they’re 57 – two years longer than what they expected last year, a survey by CIBC suggests. The survey also found that half of those surveyed said other debt, from credit cards to lines of credit, have increased and impeded their ability to […]

Preparing an Older Vancouver Home for Sale (Part 1) – From your Friendly Vancouver Mortgage Broker

Preparing an Older Vancouver Home for Sale (Part 1) – From your Friendly Vancouver Mortgage Broker Selling an older home in Vancouver may require a few renovations to make it look more appealing to potential buyers. Styles have changed considerably so it can well be worth your while to reflect those changes. You can take […]

Explaining Property Disclosures in Vancouver – From Your Friendly Vancouver Mortgage Broker

Explaining Property Disclosures in Vancouver – From Your Friendly Vancouver Mortgage Broke Every home has its own unique quirks. Unfortunately, some of these quirks translate into health and safety issues for a potential home buyer. As a Vancouver mortgage broker, we understand that it is important to learn everything about the home you’re thinking of buying, because it is a huge […]

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 […]

How to make Your Home Renovations Pay Off – From Your Friendly Vancouver Mortgage Broker

How to make Your Home Renovations Pay Off – From Your Friendly Vancouver Mortgage Broker Renovating your Vancouver home can involve a major outlay of cash. If you’re planning to sell your house and want to recoup your investment, then you need to do some careful planning beforehand. As a Vancouver mortgage broker, the right […]

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 […]

Should mortgage shoppers choose the 1 or 5-year fixed rate? – Ask a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail Mortgage rate predictions are as often wrong as they are right. Yet, many mortgage shoppers believe that these forecasts give them an edge. Unfortunately, rate expectations sometimes prevent people from picking the lowest-cost mortgage. For instance, those who believe rates can only rise could ignore shorter terms. It […]

IRD Clarity Has Cometh – Ask a Vancouver Mortgage Broker

IRD Clarity Has Cometh In March 2012, the Financial Consumer Agency of Canada(FCAC) announced improvements to the disclosure of mortgage prepayment charges. Those improvements were designed to make life easier for people needing to assess the cost of an early refinance or mortgage termination. The first set of enhancements arrived by last September. Among other things, they required banks to […]

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