Here’s why paying off your mortgage isn’t always the best idea – Consult with a Vancouver Mortgage Broker

It amounts to financial heresy to some conservative investors but paying down your mortgage early just might not be the best plan. Should you rent or own your home? People say that when you grow up, you buy a home. Who are these “people?” Your married friends, your parents and other grown-ups who ask: “Don’t […]

TD trims mortgage rates after RBC, Scotiabank and BMO do the same

TORONTO — Another big Canadian bank has lowered some of its mortgage rates slightly after an initial reduction by the Royal Bank over the weekend. How factory-built homes are shedding their ‘cheap’ label and exploding in popularity Most new homes are built stick by stick, brick by brick, by a construction crew on-site, but a growing number […]

TD Joins RBC in Raising Fixed Rates – Ask Adil Virani – Vancouver Mortgage Broker

TD Joins RBC in Raising Fixed Rates  By Rob McLister, Editor, CanadianMortgageTrends.com” After cutting advertised rateslast week, TD Canada Trust has followed RBC’s leadin lifting rates back up. Like RBC, TD is raising its advertised: 4-year fixed …by 10 bps to 3.09% 5-year fixed …by 20 bps to 3.29% These changes take effect Tuesday, June 11. And if history is a guide, they’ll likely be matched by […]

The Gen Y Reality: Expensive to Live, Easy to Spend, Struggle to Save – Ask a Vancouver Mortgage Broker

TD research finds high cost of education, lower salaries and high debt load biggest barriers to saving for 20-somethings today compared to 40 years ago.  TORONTO, June 11, 2013 /CNW/ – According to new research from TD Canada Trust, more than a third of Gen Y (34%) admit they find it an almost impossible struggle […]

Why it’s harder for self-employed to get a mortgage – Contact a Vancouver Mortgage Broker

Why it’s harder for self-employed to get a mortgage Self employment is more common, but banks are more cautious about giving mortgages to people who fall into this category. By: Ryan Starr Staff Reporter., Published on Fri May 10 2013   Vick Vij knows all about the challenges self-employed folks face when they try to get a mortgage. […]

Early exit from closed mortgage can cost you dearly – Consult with a Vancouver Mortgage Broker

Early exit from closed mortgage can cost you dearly If you sign a mortgage deal for five years, you should ask how much you’ll pay if you leave early. The penalties can be shocking By: Ellen Roseman On Your Side, Published on Tue May 07 2013 When you buy a house and sign up for a fixed-rate mortgage, […]

Shopping for a first mortgage? Arm yourself with research and negotiate and Ask Adil Virani – Vancouver Mortgage Broker

First-time home buyers shopping for a mortgage have all the technology at their fingertips to make informed decisions, and financial experts say those resources should arm them with enough knowledge to prepare themselves, and even negotiate a better rate. “In today’s environment, with so many things on the Internet, social media in general, there’s no […]

Banks tighten their squeeze to extract fees – Ask Adil Viani Vancouver Mortgage Broker

A prediction for 2013: Expect your bank to squeeze you harder than ever with fees. After releasing fourth-quarter earnings a month or so back, bank executives said low interest rates and slower growth in borrowing would result in diminished profit growth in 2013. Now, how do you suppose the banks will try to offset lower […]

Five Tips For Negotiating a Mortgage

Leigh Doyle  When you’re buying your first house, negotiating for the mortgage can seem like the least fun and most complicated part of the process. But having no experience making one of life’s biggest purchases doesn’t mean you’re destined to pay the bank’s listed rate. Follow these five expert-approved tips to make you a better […]

To Buy or not to Buy, that’s a Pretty Big Question (part 2) for first time buyers

To Buy or not to Buy, that’s a Pretty Big Question (part 2) This is part 2 of a 2 part series on down-payments for first time buyers. BMO Capital Markets deputy chief economist, Doug Porter estimates that to save a 5% down-payment (as mentioned in part 1 of the article) and have access to […]

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