Archive for June, 2011

If you’re happy paying the banks more than you have to, STOP reading right here. BUT, if you’re tired of being hoodwinked, read on – For fun, I just called up the bank and asked them what their best 5 year rate was. Guess what they said… Well, our posted rate is around 5.00%, but […]

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What is a HOG Vancouver and why should you care? HINT, it ain’t no PIG. HOG is the Home Owner’s Grant Program. It’s designed to help homeowners reduce their property taxes. You should care because Property Taxes are due early July and if you don’t claim it, you don’t get it. Quite often I’ll receive calls from […]

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Mortgage Options In Canada. Choosing a Mortgage amortization period in Vancouver. The mortgage amortization period is defined as the length of time it takes you to pay off your mortgage in full. The longest mortgage amortization period in Canada use to be 25 years. Today, high ratio insured mortgages (less than 20% down) allow up […]

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How many times have you heard so-called experts preach this sort of thing? Stop using credit, they recommend. Just cut up your cards and adopt a cash-only policy, they say. Well, this is terrible advice! Don’t get me wrong, I believe in trying to be debt free. But the truth is that if you don’t […]

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Welcome back Mark Fidgett here for www.notapennydown.com Just got off the phone with a VERY distressed home owner. Imagine losing your job, just as your mortgage is about to come up for renewal. Talk about bad timing! I’m going to share with you exactly what I told my client. I’ve got a secret to tell […]

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Don’t let this happen to you… Wife takes my car last evening for a night out with the girls. She phones me with the Vancouver Pay by phone meter number and requests that I put in two hours. Being the savvy pay by phone guy that I am, I bang off that order in two […]

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From now on you may want to reconsider paying $23.95 to Equifax for your credit score. You might be surprised to hear that what you get, may NOT be what you expect. You like me, probably believe that when you pay the additional $23.95 to Equifax, you’re getting the score that lenders rely on to […]

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Have you ever heard of the “Straw buyer” scheme? And it has nothing to do with farming.. It’s another term for mortgage fraud. The “straw” or “dummy” home buyer scheme. For example, a renter does not have good credit or maybe he/she doesn’t not have the income needed to get a mortgage, or sufficient down […]

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