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Sunday, July 31st, 2016

New Mortgage Rules Take Effect November 1, 2012 – From you Vancouver Mortgage Broker

New Mortgage Rules Take Effect November 1, 2012 – From you Vancouver Mortgage Broker November 1 is the day when the new mortgage regulations are put out by Office of the Superintendent of Financial Institutions Canada (OSFI). These mortgage regulations are called the B-20 guidelines and apply to any mortgage lender which is federally regulated. […]

Why Vancouver Home Mortgages won’t be Like the U.S.Crash – Ask a Vancouver Mortgage Broker

Why Vancouver Home Mortgages won’t be Like the U.S.Crash  Ever since the U.S.housing bubble crashed so dramatically and completely, some doom- sayers north of the 49th parallel are saying our housing market is facing the same calamity. Is it time to start with the hand wringing? The answer is largely no, but that’s not to […]

Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker

Buying a Home with a Bad Credit Rating – From your Friendly Vancouver Mortgage Broker Life happens. Sometimes we mess up or circumstances get beyond our control. Our credit is one of those things. It could be you simply spent way beyond your means, or maybe you got laid off from your job and fell […]

Subprime Mortgage Renewal Risk

Subprime mortgages are meant to be short-term financing solutions for borrowers who have hit a rough patch. When you get a subprime (aka,“B”) mortgage, the idea is to choose a term that’s just long enough to rehabilitate your credit (or fix the problem that makes you a high risk borrower). Thereafter, you can refinance into […]

The State of Stated Income

Canada has 2.67 million self-employed citizens, about 15% of the work force, says CAAMP. Due to how they report income and deduct expenses, these individuals are frequently reliant on stated income mortgages. A few weeks back, Bloomberg quoted Canada’s bank regulator, OSFI, as saying stated income mortgages “have some similarities to non-prime loans in the U.S.” Just weeks before that, CMHC announced limits on bulk mortgage insurance, which […]


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