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.  […]

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 […]

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 […]

The Bank of  Canada holds overnight lending rate in place.  They announced today that the overnight rate would remain at 1 per cent, the 19th consecutive time the rate been kept stagnant. The decision by the Bank of Canada was expected by most analysts, as Carney’s commentary on Canada’s slowing economy has hinted that no […]

If you are self-employed and need a mortgage to buy or refinance a home, talking to your bank may provide challenges.  I work with people all the time who are self-employed and have been turned down by their bank for financing. In some cases they simply can’t do what they want but in other cases […]

Growing in popularity over the past few years, the vendor take-back mortgage can help buyers to purchase and sellers to find qualified buyers – especially in a tough market. What is a vendor take-back mortgage – or VTB?  When a seller offers to lend the buyer a portion of money towards the down payment – […]