With all the changes this past week you may be asking what the heck is happening with interest rates? Before we get into the mud lets take a look at the landscape. Mortgage financing is offered with options on rates and terms.  There are fixed terms which come with a rate that stays the same […]

The cost of waiting to buy.  As with a purchase of most items prices are subject to change.  If you are buying groceries that change can be a few dollars.  For the purchase of real estate the cost of waiting to buy can be significant up or down depending on the market conditions. According the […]

With homeowners carrying higher balances on their lines of credit, lowering the cost of a line of credit is becoming more important.  The high cost of living in many parts of British Columbia is forcing some homeowners to use their line of credit to cover expenses or pay off their credit card each month.  The […]

Beware bait and switch by your bank. With the mortgage rule changes imposed in 2017 and 2018 the price strategy for interest rates has become more complex. The rule changes affected the ability for home buyers and owners to qualify for their mortgage and increased the rates.  However, most people don’t realize other rules on […]

Working with your Independent Mortgage Planner can save you thousands of dollars by making the most of your variable rate mortgage in a shifting market. In the past year we have seen an increase in the prime lending rate by 1%.   For those home owners with variable rate mortgages who secured a low discount, […]

With almost 50% of homeowners ready to retire and wishing to stay in their home and 30% of those people with most of their money tied up in home equity, the downsizing dilemma is real. Can they afford to stay in their home or is downsizing the better option. In the past, retired couples or […]

As the market shifts in the Vancouver, developers will increase their incentives to buyers with cash back and decorating allowances on new build or pre-sale purchases.  It is very important to review those options with your real estate agent representative and vital to consult with your independent mortgage broker.  Although these offers may seem attractive […]

With all of the rule changes imposed by the federal and provincial governments around mortgage financing and real estate it may be more difficult to access financing.  But don’t take it personally – sometimes it’s not you it’s the property. When lenders underwrite your application for approval they look at you as a borrower but […]

With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted from a high of 6% down to 2% range remaining fairly level for the past few years before rising to a present […]