5 ways to pay off your mortgage faster – Ask a Vancouver Mortgage Broker

5 ways to pay off your mortgage faster Want to get relieve yourself of mortgage stress? Check out our tips for paying off your mortgage faster and saving more money. Purchasing a home is a major accomplishment, but paying off your mortgage as early as possible will be the best investment you can make. A […]

One couple’s all-in bet on rising real estate – Ask a Vancouver Mortgage Broker

DIANNE MALEY- Special to The Globe and Mail Mel and Melanie have a home in Quebec, three rental properties and a mountain of mortgage debt. But Canadians love their real estate, so now that Melanie is back at work, they want to buy more. He is eyeing a commercial property, while she wants a vacation home […]

Home shoppers, don’t rush to buy just to lock in a cheap mortgage – Consult with a Vancouver Mortgage Broker

ROBERT MCLISTER– Special to The Globe and Mail The idea that low mortgage rates are gone forever sent Canadian home shoppers into a panic this summer. Thousands rushed to use their rock-bottom pre-approved mortgage rates and buy a home, contributing to a20 to 50 per cent spike in sales last month in Canada’s biggest housing markets. But […]

OSFI to consult public before making changes – Ask a Vancouver Mortgage Broker

OSFI has held off on further tweaks to underwriting rules, but amid speculation that it may soon spring into action, one representative has assured MortgageBrokerNews.ca the public – including brokers – will be allowed their say. “If we decide to revise Guideline B-20 we will undertake public consultations,” Annik Faucher of OSFI told MortgageBrokerNews.ca. “No […]

Half Baked Mortgage News – Consult with a Vancouver Mortgage Broker

From the “can’t believe everything you read” file comes this shocker from the Huffington Post: Mortgage Debt Exploded In Past 4 Years An unnamed Huffington Post author claims that mortgage debt at chartered banks soared 56% ($301.4 billion) in just one year—from June 2011 to June 2012. It’s a “risky explosion” in mortgage debt says […]

Why there’s no reason to panic about rising rates – Consult with a Vancouver Mortgage Broker

Garry Marr | More from Garry Marr | @DustyWallet There is a simple answer to all this hysteria about mortgage rates going up. Don’t lock in your rate. I know it’s almost heresy to have a floating rate in a mortgage world dictated by Finance Minister Jim Flaherty, who thinks nothing about calling up the banks and telling them […]

How ‘affordable housing’ became an oxymoron – Consult with a Vancouver Mortgage Broker

ROB CARRICK– The Globe and Mail–  Housing affordability in Canada is as alive as the chances of the Toronto Blue Jays making the baseball playoffs and the appeal of eating a Cronut burger. Housing was just barely affordable before mortgage rates started climbing earlier this summer. Now, with the popular five-year fixed rate up roughly two-thirds […]

How to reduce mortgage penalties – Ask a Vancouver Mortgage Broker

How to reduce mortgage penalties Backing out of a mortgage early? You probably won’t be able to avoid fees entirely, but you can limit them. A rise in interest rates appears imminent, so folks with big mortgages might want to lock in the current low rates now! But for some, that means getting out of an […]

Popular financial advice that might be best to ignore- Consult with a Vancouver Mortgage Broker

LINDA STERN- WASHINGTON — Reuters  Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn’t bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld: yadda, yadda, yadda. The problem is a lot of that is bad advice. At best, […]

Balancing financial priorities as parents – Consult with a Vancouver Mortgage Broker

By Gail Vaz-Oxlade | MoneySense Where to draw the line between providing for your children and saving for your own retirement. Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?” Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping […]

« Previous Page — Next Page »