June 28th, 2019
The simple answer to this question is no. In order to secure mortgage financing in Canada you have to come up with at least a 5% downpayment. Now, if you haven't set aside the 5% for a downpayment in your savings account, that is okay. There are still a few ways to... [read more]
June 21st, 2019
Have you ever wondered how much difference extra payments actually make in paying down your mortgage? Let's take a look and maybe do a little math. The first (and largest) factor to look at is the amortization, which is the remainder of your mortgage’s life. [read more]
June 14th, 2019
Thinking about buying a home with a rental suite? This can be a great idea if you want to help offset the cost of your home expenses, and it can also potentially help with qualifying for a mortgage on your new purchase, but there are some things you should know up... [read more]
June 6th, 2019
North Vancouver detached market was a sellers’ market in May. Opens picked up for the late blooming Spring market, the sales ratio is up, inventory is moving and there were even a few sales slightly above asking. On average, most homes are selling for nearly [read more]
June 4th, 2019
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender who has one set of products, brokers work with multiple lenders who offer a wide selection of mortgage... [read more]
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