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 […]

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 […]

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 […]

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. […]

Cashback Down Payments set to meet their Maker- See A Trusted Mortgage Broker

Cashback Down Payments set to meet their Maker New information suggests that mortgages with cashback down payments could go the way of the dodo, or Yanghzee pink river dolphin if you will. Just about every trusted mortgage broker in Vancouver has been advising against cashback mortgages for some time, but only in the last few years has […]

HELOC Countdown Begins

Those interested in a readvanceable mortgage (or HELOC), valued between 66% and 80% of their home’s value had best act with haste. Lending limits for home equity lines of credit (HELOCs) could start falling as soon as the end of August, according to some new information. A trusted mortgage broker in Vancouver can help provide […]

The HELOC Clock Starts Ticking

If you want a HELOC orreadvanceable mortgageequalling 66%-80% of your home value, be ready to act soon. We’re hearing that some banks may start cutting back on their HELOC lending limits by the end of this month. These moves relate to OSFI’s new B-20 underwriting guidelines, which require federally regulated lenders to limit new HELOCs to 65% loan-to-value (LTV), from 80% […]

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