Your Source for Mortgage News and Information
Here you will Victoria, BC and Canadian mortgage trends, news and information. We are your Mortgage Broker Victoria, so please feel free to contact us for any more details on the ever-changing mortgage market. Whether you are a first time buyer, a business owner or a sophisticated investor we have a wide range of quality products available to ensure you get the ideal mortgage product for your unique goals and financial situation.
BC Housing and Mortgage Activity During 2016
If you are like me, then you are going to enjoy quickly reading the state of mortgage industry in Canada. In the Annual State of the Residential Mortgage Market in Canada they combined various data from the consumer survey and estimated that: By year-end, about 690,000 households will live in
Help for First Time Home Buyers in BC
Hi everyone. Not sure if you have heard but on December 15th the BC Premier announced a new program to help first time home buyers. We are still working out the details but the basics are as follows. The government will lend the buyer funds equal to the down payment
Victoria, BC: Interesting Mortgage Stats!
In the “Annual State of the Residential Mortgage Market in Canada” some very interesting mortgage stats were released…see how your mortgage stacks up: The average homeowner mortgage interest rate is 3.02%, a small drop from the average of 3.07% recorded a year ago. For mortgages on homes purchased during 2016,
Understanding the “Collateral Charge” Mortgage
What is a collateral charge mortgage? Here’s how it works: the bank registers the mortgage for more than the value of the home at closing. So if you have a $400,000 mortgage and a $700,000 home, the bank will register a charge up to $875,000. This has several side-effects, including
5 Ways to Improve Mortgage Qualifying Success
Yes, new mortgage rules have made it harder to qualify for a mortgage, whether you are a first-time buyer or looking to renew or refinance your mortgage with a new lender. That’s why you should get yourself mortgage ready well in advance. Here are 5 tips to help you do
Opening Doors, Not Building Walls
I like to open doors… not build walls. If you’re self-employed, you may have already experienced “the wall”. There are new mortgage rules that have made it more difficult to qualify for a mortgage at the major banks. I can help; with professional advice that includes the following five important
Top 10 Most Common Real Estate Regrets
Could have, would have, should have! Learn from the most common mistakes people make when it comes to purchasing (or not purchasing) real estate so you can avoid the same regrets. 1. Misunderstanding the Buying/Selling Process According to a survey by the Real Estate Council of Ontario (RECO), 38 per
10 Great Reasons to Use a Mortgage Professional
Get independent, objective advice on your financial options. Mortgage Professionals are not restricted to any one bank or range of products. They work for you and can make objective recommendations on financing solutions through hundreds of lenders. Save time with convenient one-stop-shopping. Mortgage Professionals do the research and shopping for