What is CMHC high ratio mortgage insurance? Why do I need CMHC ratio mortgage insurance? It’s amazing how many times I hear different references all for CMHC high ratio mortgage insurance. The Canadian Mortgage & Housing Corporation. SO what is CMHC (Canadian Mortgage and Housing Corporation) high ratio insurance and why do you need them? Well, [...]
Why should you trust my skills as a mortgage consultant, negotiator and organizer of the transactional details? Some people think that all Vancouver mortgage companies are alike. Money is money, so what’s the difference? The difference is great service! So, what does great service really mean? It means we make the mortgage application process as [...]
The interesting thing about mortgage debt, nobody talks about it. You talk about the house, the kids and work, but rarely do you hear people talk about their mortgage. Our new i-Care Program is revolutionizing the way we treat debt. Let’s face it, banks love debt, it’s how they make money. What if there [...]
If you’re a seller or a real estate agent in Vancouver, you’re probably loving these overpriced bungalows and million-dollar crack shacks. But, if you’re a buyer, well let’s just say, that’s another story. Many have been pushed out of the market due to foreign ownership. “Real Estate Board of Greater Vancouver, last year the average [...]
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, [...]
If I could show you a mortgage strategy that could potentially pay off your mortgage faster and save you thousands of dollars in interest, would you want to know? You may be surprised to know that this one mortgage strategy ALONE, is rarely used. We asked clients why they hadn’t used this mortgage strategy in [...]
January is traditionally the time of year when we tend to step back, regroup and take a good look at situation. That usually includes new goals for the coming year. For most, the popular type of goals tend to be exercise, lose weight, improve one’s financial situation, maintain strong relationships between family and friends, attain [...]
Just yesterday a client faxed me their renewal offer from the bank. Being in the business, I wasn’t surprised that the offer was anything but their best. Brokers have known about this dirty bank secret for years, but I couldn’t help but laugh when I read the following comments from RBC head Gord Nixon. “We [...]
CMHC (Canada and Mortgage Housing Corporation) has just launched their new premium calculator. It calcualtes your insurance premium when buying with less that 20% down. Also referred to as “High Ratio Insurance” Go ahead and input your purchase price and down payment Mark Fidgett, Your Vancouver Mortgage Broker For Life www.notapennydown.com 604-273-2002 P.S. Who’s the next [...]
Received a call off of Facebook regarding the refinance of a clients mortgage. As you probably know, your credit score is very important when it comes to mortgage financing. You may be very surprised to know… When it comes to mortgages and refinancing, lenders assess your ability to pay by first looking at your credit [...]
