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Thursday, January 9th, 2020

Breaking Down Debt: How 4 Different Loans Affect Your Mortgage-Worthiness

Want to get a new mortgage? Then, your credit score is a really big deal — it can make or break your mortgage payments, and ultimately determine whether or not you get the house you want. But before we talk about credit scores, let’s talk about the debt that affects them. There are two types […]

How you helped Canada’s big banks weather the financial crisis- Ask a Vancouver Mortgage Broker

ROB CARRICK– The Globe and Mail The little-discussed safety net that helped the big banks through the financial crisis was their complete, masters-of-the-world dominance over the day-to-day financial affairs of almost all Canadians. When the banks need revenue and profits, they simply have their clients supply it. And so they did in 2007, as the crisis […]

Using a HELOC as a 2nd Mortgage – Ask a Vancouver Mortgage Broker

Using a HELOC as a 2nd Mortgage What is a HELOC and how can you use it as a 2nd mortgage? What are the pros and cons of using a HELOC? This article will give a better understanding of how and whether you might want to apply for a HELOC. The term HELOC simply means […]

10 Quick Quotes from CAAMP’s Econ Panel

10 Quick Quotes from CAAMP’s Econ Panel This year’s CAAMP economic roundtable in Vancouver included chief economists from Scotiabank (Warren Jestin), National Bank (Stephane Marion) and Laurentian Bank (Carlos Leitao). Most of their discussion revolved around risk in some way or another. Here’s a quick rundown of 10 comments they made that stuck out: “The biggest risk […]

Handle lines of credit with care

Give people enough line of credit and they’ll hang themselves with debt. The bad boy of borrowing products – that’s the line of credit. Recently, the federal government asked the banks to stop blithely handing out home-equity credit lines to people. In his new book The Wealthy Barber Returns, David Chilton writes that credit lines can […]

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