Many of you have probably been hearing about the latest dip in mortgage interest rates. Let me start by explaining, what a No Frills Low Mortgage Rate really is? You’re probably asking yourself, what the heck is a No Frills Mortgage Rate anyway. Nobody said anything about “No Frills”. The interesting part about the news, [...]
Have you ever heard of a consumer proposal? My client called me two weeks ago and she was ecstatic. She was so grateful that we’d referred her to Sands & Associates. In fact, after she told me her story, I was excited. I was also amazed with the results of the debt settlement. Instead of [...]
Most know that mortgage refinancing is when you take an existing home mortgage, break it, and typically replace it with another mortgage having different terms and conditions. We all want smart refinancing tips, but what about a refinancing Secret that can be used in Canada. A mortgage refinancing Secret that forced CRA to send an [...]
Now that you’ve taken the leap in to a home mortgage, what’s next? Below are a few mortgage strategies that will definitely help retire that mortgage debt, sooner rather than later Ask me about our i-Care Program, you’ll be glad you did. Mark Fidgett, Your Vancouver Mortgage Broker For Life www.notapennydown.com 604-273-2002 P.S. Who’s the [...]
This is a bit of a different post for me and has absolutely nothing to do with mortgages, but please bare with me. You like me, probably have your fair share of stress during the holidays. Simple things seem to set me off. In fact, I was driving to my favorite coffee shop this morning [...]
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 [...]
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 [...]
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 [...]
We’ve all heard of insurance, in fact, it’s common place to pay for insurance for some type of protection. Well CMHC (Canadian Mortgage & Housing Corporation) mortgage default insurance is also a protection, BUT not for you. It protects the bank (lender), BUT YOU pay. That’s right, you pay in order to protect the bank [...]
Here’s a quick note to let you know how you and I can help anyone you feel comfortable introducing me to. When I got a call from, Francoe, the son of an old client, he told me that he was shopping around for a mortgage, and he was comparing rates. I explained that there is [...]
