Yikes, I really pissed the Banks off with this one… As you probably know, Banks hesitate Dealing with retired individuals whose income may not be the best. Try getting a mortgage after you retire. Well, I pride myself on specializing in helping retired clients get the mortgage they deserve. In fact I’ve even Helped My [...]
My rant for today – I just read a ‘Story’ here by Terry Campbell, the president of the Canadian Bankers Association, titled ‘The Real Story on Those Canadian Bank ‘Bailouts’. A classic spin from a banker, to say the least, especially this line – In order to make loans, banks need to first raise the [...]
How do you create a Refund from a Refund? And that’s NOT a trick question. As you know, it’s tax time. In fact, the tax deadline has just come and gone. There are some lucky ones out there who are expecting a refund. The question is, what should you do with it? Paying off high [...]
With all the negative publicity lately about mortgage credit tightening, people sometimes think they can’t qualify for a mortgage so why try? In fact, it’s often the case that people who thought they couldn’t qualify for a mortgage are actually able to buy a home. For instance, not having a down payment doesn’t necessarily disqualify [...]
A short post to clarify the confusion surrounding the new First Time Home Buyers’ Bonus. Initially, when the First Time Home Buyers’ Bonus was announced in the budget, it was thought to be an offset against income tax payable. If that were the case, an applicant would only be able to benefit from this program by [...]
What’s the #1 thing you must not do after you apply for a mortgage? You may be surprised to know this can really affect the mortgage approval process… Vancouver mortgage broker Mark Fidgett warns clients that this can be a game changer. This has caused many would be home buyers great problems when it comes [...]
I was flattered to be featured in the latest edition of ‘Connected for Business’. Would love your feedback… Click the link below to view a PDF of the printed piece. Bottom right hand side of screen, punch in Page 32 Click here Mark Fidgett is a Vancouver mortgage broker and the driver behind www.NotaPennyDown.com Your [...]
Today’s mortgage question comes from a long time client. “How Can I Help My Daughter as it relates to credit and mortgages” This is a great question. Everyone needs to have the ability to borrow money. That’s true whether you’re a young adult starting out or you’re simply starting over after a bankruptcy. Whether it’s getting a [...]
Are interest rates going up in Canada? If yes, when? If only I had a penny for every time I heard this question. Or should I say, a dime, pennies are history… All kidding aside, this is a very sensitive subject for many. As we’ve all heard, as little as a 2% increase in interest [...]
As a mortgage broker in Vancouver, I thought I’d seen it all when it comes to mortgages and financing real estate in Vancouver. Well that sure changed a couple of weeks ago. I did something that I’ve never done before. Let me explain… A client was referred to me needing a mortgage to purchase an [...]
