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 […]

Paying down debt Canadians’ main focus in 2013: poll

Canadians appear less concerned about retirement planning than in years past as they continue to focus on debt reduction as their main financial priority, according to a new study released Wednesday by CIBC. Over all, the poll done for the bank by Harris/Decima showed 17 per cent of respondents selected debt reduction as their main […]

Closing Costs on your Vancouver Real Estate Financing

Closing Costs on your Vancouver Real Estate Financing Buying a home and setting up the real estate financing is expensive and time consuming. However, many people who are first time home buyers may not be fully aware or properly budgeting for the closing costs which can leave you scrambling if you’re not aware of them. […]

Should Mortgage Financing be Privatized? – Ask a Vancouver Mortgage Broker

Should Mortgage Financing be Privatized?   You can bet that question just got the attention of anyVancouvermortgage broker who happens to be checking out this site.   Nonetheless, it’s a debate that’s being kicked around out there and maybe one you might want to have a closer look at. You’re probably asking why anyone would […]

Covered Bonds Explained – Ask a Vancouver Mortgage Broker

Covered Bonds Explained Chances are, unless you work in something related to finance or the housing industry, you’ve probably never heard of “covered bonds”. Though I’m sure you’d be happy to hear that they indirectly help provide homeowners (including yourself) with low mortgage rates. They also help give mortgage borrowers additional options. We will delve […]

CICA Debt Poll

CICA Determined to Become Expert in Personal Finance A study was recently commissioned by the Canadian Institute of Chartered Accountants (CICA)  to learn what Canadians do on a day-to-day basis to manage their finances. The study also wanted to  understand how much confidence Canadians have in particular financial activities.  The purpose was to determine how […]

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 […]

Couples and money: 6 common mistakes

The biggest mistake my husband and I are making when it comes to our finances is not having a joint budget. If we had one, we would probably do a better job of co-ordinating our savings to reach our goals and pay down debt faster. Related: How to have that difficult couples and money talk I […]

Show those expenses who’s boss

Jesse Mecham says he takes offence when people speak ill of budgeting. “It irks me when they talk about the dreaded ‘B-word’. There’s nothing dreadful about it.” Mr. Mecham, creator of YouNeedABudget.com (YNAB) and author of a book with the same title, says that a budget should be the foundation of every financial decision we make and […]

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