Archive for March, 2012

While depositing a cheque at the bank, the teller suggested that my client apply for overdraft protection. As is the case with most, she kindly accepted the banks offer without question. After watching the video below, she phoned back to the bank and asked if the they were doing a soft or hard inquiry? Go […]

Read more...

Great research done below by the Canadian Association of Accredited Mortgage Professionals. CURRENT MORTGAGE ISSUES KEY MESSAGE BASED ON OUR RESEARCH AND KNOWLEDGE OF THE SECTOR, WE SEE NO REASON TO TIGHTEN OR RESTRICT ACCESS TO RESIDENTIAL MORTGAGES AT THIS TIME CURRENT ENVIRONMENT Canada has a well-earned reputation for exercising economic prudence. As a result, […]

Read more...

Can I really buy a home and get a mortgage in Vancouver if I only make nineteen dollars an hour? Many people are very surprised at how much they can afford when we first sit down with them. Down payment always seems to be top of mind. Most people think, if I don’t have a […]

Read more...

You may have heard about B.C.’s new 2012 $10,000 B.C. Home Buyers’ Bonus in the Vancouver Real Estate News. Lot’s of mortgage questions coming in as to how this affects the purchase of a home in Vancouver, BC. Vancouver mortgage broker, Mark Fidgett and real estate lawyer, Tony Spagnuolo, discuss the new $10,000 first-time new-home […]

Read more...

The following is a summary of the new Code of Conduct intended to make mortgage prepayment charges easier to understand for consumers. In this low interest rate environment of the past few years, many have wanted to break their current higher rate mortgage in favour of lower interest rates, and were SURPRISINGLY shocked by the size […]

Read more...

When it comes to Vancouver real estate prices, I guess one might argue, “What you don’t know, can’t hurt you”, or Can it? Well, sorry to be the bearer of bad news, but this great article by Mike “Mish” Shedlock, Global Economic Trend Analysis, manages to shed a whole new meaning on the price of […]

Read more...

What does the price of real estate in Vancouver have to do with Sydney Crosby? On the face of it, not too much, but dig a little deeper and you may see some similarities. It wasn’t long ago when many didn’t know where Vancouver was, and I’m not talking about Vancouver Washington. It wasn’t long […]

Read more...