Three pitfalls to consider before helping your kids buy a home – Consult with a Vancouver Mortgage Broker

ROB CARRICK– The Globe and Mail In an increasingly unaffordable housing market, it’s natural for parents to want to help their kids buy a home. Talk to a real estate agent or mortgage broker and you’re bound to hear stories about parental financial help. “The bottom line is that when a first-time home buyer buys a […]

The case for locking in your mortgage – Consult with a Vancouver Mortgage Broker

ROB CARRICK – The Globe and Mail You can’t go wrong if you respond to this week’s mortgage rate increases by locking in for five or 10 years. But at least consider the alternative: Variable-rate mortgages sound risky in today’s volatile interest rate environment, but they’re actually a quiet corner of the mortgage world right now. We’ve […]

A reality test for would-be home buyers

ROB CARRICK | Columnist profile | From Tuesday’s Globe and Mail Never ask anyone who lends money if you can afford a house. Lenders care about their own money. Not yours. So while you’re thinking about how you’ll manage the cost of a mortgage and all your other living expenses, lenders seek the answer to one single question: How […]