Peace of mind with your mortgage and up to 3% Cash Back

Peace of mind with your mortgage and up to 3% Cash Back.  Now wouldn’t that be nice if it were true.  But wait it is true. With rates as low as 1.79%  year fixed it’s worth taking a look! If you are a home buyer looking for options to make a purchase this might be […]

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Borrowers with temporary income loss during COVID-19

Please see details below for the unified strategy for home buyers financing now till Sept 30th 2020. If you have any questions or clients who need assistance, I am here to help.   INSURED/INSURABLE & UNISURABLE PURCHASE (30yr/$1M+) DEALS – unified strategy from insurers:   In light of the current environment related to COVID-19, we […]

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Mortgage Rule Change Effective March 21st 2020

A change to the benchmark by the Federal Government means a mortgage rule change effective March 21st 2020.  The reduction in the benchmark from 5.19% to 5.04% will allow everyone to qualify for more on a purchase , refinance or switch of their mortgage. The rule change for high ratio borrowers that was to take […]

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Lenders offering payment relief

If you are experiencing difficulty with your mortgage payments due to self isolation / quarantined and/or having been laid off, please know there are options available and lenders offering payment relief. Many lenders have the ability to allow you to SKIP A PAYMENT, or HOLD A PAYMENT. As the world (including lenders) are navigating thru […]

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New Mortgage Rules for High Ratio Borrowers

In February 2020 the Federal government announced a change with new mortgage rules for high ratio borrowers.  High ratio borrowers are those with less than 20% down payment.  This change will increase buying power.  The new rules take effect April 6,2020. I won’t get into too much detail on the new qualifying equation. Feel free […]

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What the heck is happening with interest rates?

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 […]

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The Cost of Waiting to Buy

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 […]

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Lowering the Cost of A Line of Credit

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 […]

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