With the drop in mortgage rates some people are calling their banks to see what options they have to take advantage of the lower rates and save money on their existing mortgage.  You will be offered the opportunity of blending your mortgage rate with no penalty.  Or you can pay the penalty and do a […]

When you are looking to buy a home or refinance your existing home,  lenders will consider your credit report and how it affects your ability to borrow money.  Along with your income, your down payment or equity and your debt load, lenders will look at your credit score to qualify you for a mortgage. Your […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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.  […]