Bridge financing can ease closing day stress – Consult with a Vancouver Mortgage Broker

Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals to fall apart. Published on Fri Aug 16 2013 Bridge financing could have saved the day last month when a series of disasters on closing day caused three related real estate deals […]

Canadian housing market defies skeptics as starts top expectations – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian housing starts were stronger than expected in June and May figures were revised higher, according to data released on Tuesday, the latest report to show the property market rebounding from last year’s government-induced slowdown. Housing market fuelling loonie’s rise from two-year-low The Canadian dollar rose from its lowest level in almost two […]

Crush your mortgage – Ask a Vancouver Mortgage Broker

Opaque contracts. Stiff penalties. Unnecessary insurance fees. Mortgage documents are full of traps that make it extremely difficult to pay off your biggest debt. MoneySense shows you how to pay off your mortgage early and become debt-free sooner than you imagined. By David Hodges | From MoneySense Magazine,  It was a sun-drenched autumn afternoon in 2005 when Heidi Croot and […]

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 […]

Spring puts bounce back in Canadian home prices – Consult with a Vancouver Mortgage Broker

TORONTO — Canadian home prices jumped in May from April as a spring rebound in real estate continued in most cities, offsetting a couple of weak markets, the Teranet-National Bank Composite House Price Index showed on Wednesday. Upbeat new housing numbers could be ‘last hurrah’ New housing already purchased and in the pipeline continues to […]

Evidence mounts of soft landing for Canada’s housing market – Consult with a Vancouver Mortgage Broker

You’d have to see rates move dramatically higher for a major correction Canada’s housing market is showing signs of a soft landing amid evidence of robust demand and buoyant new construction plans. Home prices in Toronto, Canada’s most-populous city, rose 5.4% in May from a year ago, the biggest increase in five months, the Toronto […]

The cost of buying a home: It’s not just the mortgage, silly! – Ask a Vancouver Mortgage Broker

Associated costs include down payment, closing costs, moving costs and new appliances. By: Kristin Kent Special to the Star,  Adam Frank and his girlfriend MaryAnne, both 29, knew they wouldn’t become homeowners overnight. The two were realistic and grounded in their approach. They had conversations. They researched. They crunched numbers. Infographic: It’s your money (a practical guide) – […]

Home Buyers: What should a real estate lawyer do for you? – Ask a Vancouver Mortgage Broker

When graphic and web designer Andy Stanleigh bought a house in Oakville, Ont. last summer, he learned the value of having a real estate lawyer on call. A few days before closing, Mr. Stanleigh and his wife received a surprise letter from the vendor’s lawyer, saying that they needed to immediately pay nearly $1,100 in […]

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, […]

4 easy ways to reduce your mortgage costs – Ask a Vancouver Mortgage Broker

When it comes to saving on your mortgage, making pre-payments and shopping around at renewal time are good ideas By: Madhavi Acharya-Tom Yew Personal Finance writer The Georges live in a two-bedroom condo across from High Park. In the next couple of years, they hope to buy a house west of Toronto. They plan to use the […]

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