TDS? GDS? WHAT IS INCOME DEBT SERVICING?
July 11th, 2019
“Debt servicing” is the measure of your ability to meet all of your financial obligations. There are two ratios that are examined by financial institutions to determine whether you [read more]
Under News & Updates
BANK OF CANADA RATE ANNOUNCEMENT
July 10th, 2019
Evidence has been accumulating that ongoing trade tensions are having a material effect on the global economic outlook. The Bank had already incorporated such negative effects [read more]
July Market Update
July 4th, 2019
“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.” [read more]
MORTGAGES – SO MUCH MORE THAN JUST THE LOWEST RATE!
July 4th, 2019
There aren't too many Canadians who are able to save up enough money to pay cash for their home. This is why we have mortgages. A mortgage is a loan made to assist a borrower to purchase a property. The property is held as collateral and interest is charged on the... [read more]
Wish List of Wanted and Available Homes
July 1st, 2019
We heard it through the grapevine! Check out the list of what's exclusively available and what buyers are currently pining for. Given our area expertise and resources, we receive property requests from colleagues or have clients who are... [read more]
CAN I GET A MORTGAGE WITH NO DOWNPAYMENT?
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]
HOW MUCH DIFFERENCE WILL EXTRA PAYMENTS MAKE TOWARDS MY MORTGAGE?
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]
WHAT YOU SHOULD KNOW ABOUT BUYING A HOME WITH A RENTAL SUITE
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]
NEW CONSTRUCTION ASSIGNMENT
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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