Closing costs for the home buyer

As a home buyer there are many thing to consider.  Beyond the down payment there are closing costs for the home buyer that must be factored in to your overall budget.  Your mortgage broker and realtor should review these costs for you so you have a summary of all your costs before you start looking […]

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How much income do you need to qualify for a mortgage?

One of the most common things home buyers, especially first-time home buyers, need to consider before buying a home is how much income do you need to qualify for a mortgage.  Some people think they need more income when in fact they don’t.  Others think they earn enough income but if it is commission, self-employed […]

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Down payment for a mortgage

When you are buying your first home or moving from one home to another it is important to know about the down payment for a mortgage.  How much will you need for a down payment to buy your home, where can the down payment for a mortgage come from and the rules from the lender […]

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Mortgage Financing for Lane Way Homes or Carriage Homes

By popular demand new home design with lane way or carriage homes are on the rise in the lower mainland.  Many buyers may have heard there can be difficulty in mortgage financing for lane way homes or carriage homes but this is not necessarily the case. Many lenders will consider mortgage financing for these properties […]

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Mortgage Rates Drop

It’s all the news can talk about this past week with banks competing on mortgage interest rates.  Even though low rates have been offered for the past month by non-bank lenders the media announcement only hit the streets over the past week.  So what are your options when mortgage rates drop? When mortgage rates drop […]

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Choosing the Right Mortgage

Choosing the right mortgage to meet your needs is a process best handled with the support of a mortgage professional. Just as there are many homes to choose from there are many types of mortgage financing options. Choosing the right mortgage can save you thousands of dollars and give you flexibility to make informed choices […]

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Get pre-qualifed for a mortgage

Buying a home is one of the biggest financial decisions you will make, especially if you are buying your first home.  So it is important to know your current financial situation and ensure  you buy a home you can afford while still enjoying your life. For that reason I always recommend all home buyers talk […]

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Know what you can afford before you buy

Before home buyers go shopping for a home it is important to know what you can afford before you buy.  It is becoming more common for home buyers  to make an offer, get declined for the mortgage and the deal collapses.  This is stressful for everyone involved, including the buyer, the seller and the realtor.  […]

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Refinancing with a short term or long term rate

In a market with all time low rates some home owners are wondering if they should considering refinancing with a short term or long term rate. The banks typically promote the 5 year term and many home owners think this is the only option for mortgage financing.  If the bank’s 5 year fixed rate isn’t […]

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Buying a foreclosure

In today’s economy and real estate market some buyers are taking a closer look at buying a foreclosure property more than ever before.  Understanding the process and working closely with an experienced realtor, mortgage broker and lawyer who are familiar with buying a foreclosure can make all the difference. I recently helped a young couple […]

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