The Mistakes Smart People Make When Buying a Home – and How to Avoid Them Mistakes Prevented By 1. Not knowing how much they can afford to pay for a house before they make an offer. Get pre-qualified for a mortgage from a Lender, so you know in advance exactly how much you can afford. [...]
Like a Cocktail Party on Steroids Here’s Part 1 & 2 of an interview that I did with Social Media Guru Stephen Jagger of Ubertor.com & Sociablebook.com Social Media for business, The Relationship is the Deal. Required viewing for the business person wanting to utilize social media. Part 1 Part 2 Twitter is a free social [...]
On April 19 our government will lay down three major rule changes to “prevent” a housing-price bubble and keep homeowners from getting “overextended.” These new rules apply to government-backed insured mortgages only. 5-Year Fixed Qualification Rates The New Rule: Borrowers will need to qualify using a 5-year fixed rate regardless of what term they choose. If you [...]
Vancouver Mortgage Broker Mark Fidgett explains How to Choose a Notary or Lawyer to handle the home buying transaction The Notary or Lawyer will register the title in your name. They’ll register the mortgage on title and make sure that the title is free to be transferred. Most Banks will let you choose your own [...]
There are really only two things to note if you wish to buy here as a foreigner: In Canada you must pay 25% of your rental income to Revenue Canada and when you sell you need to pay 25% of any capital gain. Whoa – “Ouch” you say. Not to worry – it is 25 [...]
What most DON’T know about High Ratio Insurance Vancouver Mortgage Broker Mark Fidgett explains High Ratio Mortgages Banks and financial institutions are not allowed to lend against real estate mortgages unless the down payment is at least 20% of the value of the property. In order to achieve a higher level of financing, lenders need [...]
Vancouver 2010 Olympics Party Guide If there’s one thing the Olympics are known for, it’s the partying atmosphere. Vancouver will basically transform into a North American Little Europe over the extent of the Games. We present to you, a complete guide of the hottest parties during the Vancouver 2010 Olympics: Every Night LiveCity Yaletown (FREE) [...]
