Insured Buyers are the Majority – Ask a Vancouver Mortgage Broker

Mortgage insurance is typically mandatory for homebuyers without 20% equity. Putting down 10% on theaverage $350,152 home, for example, means you’ll cough up a $6,302 insurance premium (given fully documented income and decent credit). Since insurance premiums are tacked on to your mortgage, that adds up to $9,000+ if you amortize it over 25 years. Of course, you can avoid insurance […]

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. […]

RBC’s Step Forward – Ask a Vancouver Mortgage Broker

RBC‘s Step Forward Do you know what largely determines your mortgage rate? It’s the cost to your lender of raising capital in the first place. This is what makes recent activity on the part of RBC so noteworthy. RBC used covered bonds to raise $2.5 billion on September 12th of this year. Some of this […]

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 […]

Prevent family friction at the bank of mom and dad – Ask a Vancouver Mortgage Broker

Prevent family friction at the bank of mom and dad Legal documents can reduce risk when it comes to lending money to relatives   A visit to the bank of mom and dad is often necessary when buying a home, but it always pays to use a lawyer when lending money between the generations. Having […]

Relationship Pricing Dies a Slow Death – Contact a Vancouver Mortgage Broker

Relationship Pricing Dies a Slow Death A survey was recently conducted on the more than 400 prime mortgage lenders in Canada. This likely includes your bank or credit union, not your trusted mortgage broker in Vancouver. Of these 400 or so institutions, more than 60 choose not to show their mortgage rates on their websites. Many […]

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 […]

What Impact will the New Mortgage Regulations Have? – Ask a Vancouver Mortgage Broker

What Impact will the New Mortgage Regulations Have? Industry insiders (including your trusted mortgage broker in Vancouver) are clamouring to determine the effects of the new mortgage regulations on the value of residential real estate. Is this something we should be seriously concerned about? Or are the effects just another overhyped fear, set to blow […]

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 […]

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