More on the New Bulk Insurance Restrictions- Consult with a Vancouver Mortgage Broker

More on the New Bulk Insurance Restrictions Last week’s federal budget included few mortgage changes. One exception was a new proposal to restrict the use of default insurance on low-ratiomortgages (i.e., those with 20% or more equity). The Department of Finance says it will gradually prohibit lenders from bulk insuring low-ratio mortgages unless those mortgages are part of a CMHC-backedsecuritization program. In addition, the government […]

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 […]

First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll

  First-time buyers poised to stand tall even as Canadian home purchase intentions fall: RBC Poll   Cautious mood, less urgency among Canadian homebuyers, but majority still consider homeownership a good investment TORONTO, March 26, 2013 —Four-in-10 Canadians (40 per cent) planning to enter the housing market over the next two years will be first-time […]

CAAMP: Major Job Losses From Amortization Change – Ask a Vancouver Mortgage Broker

CAAMP: Major Job Losses From Amortization Change Killing 30-yearamortizations on high-ratio insured mortgages was a move that some criticized and some applauded. But few could measure the potential side effects when the decision was made last July. But now, Will Dunning, Chief Economist at the Canadian Association of Accredited Mortgage Professionals (CAAMP), has put out data […]

Should you take advantage of the low mortgage rates? Ask a Vancouver Mortgage Broker

Should you take advantage of the low mortgage rates? Earlier this month, the Bank of Montreal introduced a temptingly low interest rate of 2.99 percent. But considering the unstable market, should you really buy at this time? As we head into the spring real estate market, many Canadians are sitting on the sidelines instead of […]

Tips and tricks to help first-time home buyers – Ask A Vancouver Mortgage Broker

By Kyle Green, Special To The Sun March 15, 2013 Read more: http://www.vancouversun.com/business/Tips+tricks+help+first+time+home+buyers/8103794/story.html#ixzz2OIUXBHr7 Did you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason . Real estate is a great investment. And with increasing housing prices, it’s all […]

Finding Vancouver Mortgages Is Stressful

Finding Vancouver Mortgages Is Stressful A recent poll conducted by ING Direct and Angus Reid was just released. This survey revealed nearly 66% of Canadians and those seeking Vancouver mortgage who were questioned do not find the process of obtaining their mortgage to be all that easy or uncomplicated. In fact, a mere 7% of […]

What first-time buyers really need: affordable housing prices – Ask a Vancouver Mortgage Broker

What first-time buyers really need: affordable housing prices DIANNE NICE The Globe and Mail  While mortgage brokers are pressing the federal government to bring back 30-year mortgages and give first-time buyers a bigger tax break, Globe and Mail readers are not convinced that easing mortgage rules is the answer to the problem. When the Globe and Mail […]

Finding a mortgage has never been easier – Ask a Vancouver Mortgage Broker

Finding a mortgage has never been easier The Internet can offer homebuyers every possible option A Canadian Association of Accredited Mortgage Professionals survey found 47% of people who took out a new mortgage in 2012 used a broker. Photograph by: Tyler Anderson, National Post Files , Financial Post Canadians may finally be grasping the obvious when […]

Spring Mortgage Wars for Vancouver Home Mortgages? – Consult with a Vancouver Mortgage Broker

Spring Mortgage Wars for Vancouver Home Mortgages? That’s the big question that many people in the mortgage business are asking themselves these days. There is no doubt that mortgage lending has slowed somewhat because of the recent rule changes made by the Feds in the mortgage industry. So, what’s in store for Vancouver home mortgages […]

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