Archive for October, 2011

Don’t fall victim to this… Imagine being told it would take 24.8 years to pay off your credit card debt. Can you say …. STUCK? Mark Fidgett, Your Vancouver Mortgage Broker For Life www.notapennydown.com 604-273-2002 P.S. Who’s the next person you know who wants to save thousands off their mortgage? Be sure to give me a call so we can […]

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Had a question from a client yesterday – When does the tenant get the security deposit and pet damage deposit back? A landlord must return the security deposit or pet damage deposit within 15 days of the tenancy ending or receiving the tenant’s forwarding address in writing, whichever is later. The landlord may keep some […]

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This is a reminder as to how the credit card companies extract interest rates so high it would embarrass a Mafia loan shark. The Good News is, we can do something about it. Go ahead and watch the video below, you may be surprised… Check out the CNN Debt Calculator here Go ahead and apply at www.notapennydown.com […]

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Imagine if you were unstoppable… A bit of a different post from me today. What do Chin-ups have to do with Goal Setting? I guess on the surface, you might say, not a whole hell of a lot. But in fact, dig a little deeper and you may be surprised what you find? I had […]

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The only people with a better deal than this… What’s better than Zero Down? ZERO Down, plus CASH BACK. That can’t be right? Yup, but for a limited time only, so go ahead and apply today. How Does it work? Example: $400,000 Purchase Price $20,000 (5% Secret Sauce ZERO Down Payment) $7,000 CASH BACK 2.99% […]

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By now you may have heard about the class action lawsuit just launched against CIBC and others. I blogged about it Here. Why is this important to you? You like me, know that a lower rate means lower monthly payments and overall savings. You may have also heard that we’re currently experiencing historically LOW rates. […]

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Finally, someone is taking the BIG banks to task on these crazy BIG prepayment penalties. Canada NewsWire VANCOUVER, Oct. 11, 2011 VANCOUVER, Oct. 11, 2011 /CNW/ – Class actions have been launched against CIBC Mortgages Inc. (“CIBC”) regarding its practices for calculating prepayment penalties on mortgages entered into since 2005. The Notice of Claim alleges that CIBC […]

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Most people believe that money needs to be deposited in order to be leant out. While that’s kinda true, it’s probably 90% false. Let me explain… I thought the following Globe & Mail article does a great job of exposing this myth – The fractional reserve banking system To begin to answer that question we […]

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The Secret to buying investment property with ONLY 10% Down. Mark Fidgett, Your Vancouver Mortgage Broker For Life www.notapennydown.com 604-273-2002 P.S. Who’s the next person you know who wants to save thousands off their mortgage? Be sure to give me a call so we can help them!

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The Divorce Conversation The email was from a man who had just been through a divorce. He explained that he had lost 94 percent of everything when he and his wife divorced. “She got the properties, and I got the mortgages.” Per the terms of their divorce decree, his monthly spousal support check was to […]

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