Mortgage financing is complex – too complex to trust it to what you can find in the “cloud.” Statistically speaking, each mortgage process involves upwards of 43 people, 100 to 150 phone calls, and reams of paper. If you or someone you know is trying to save money by looking to the Internet for mortgage [...]
The CBC did a great article on mortgage Insurance that I wanted to share with you. If you have a mortgage on your home, chances are good you also have mortgage insurance. The idea is that if you should become seriously ill or die before paying off the mortgage, the coverage will kick in and [...]
First, let me explain exactly what a collateral mortgage is. In laymans terms, the bank offers the client the perceived benefit of agreeing to a higher charge on their home. The value proposition, if values go up and you ever need extra cash, you don’t need to reapply for it. Kinda like a built-in line of [...]
We all know the lure of Vancouver, but why are the wealthy Chinese so keen to purchase properties in Vancouver? Sure the Economist Intelligence Unit (EIU) again named Vancouver as the “Most Livable City in the World” for 2011, but that’s only one reason Vancouver real estate prices are red hot. But why are wealthy Chinese bidding up [...]
Welcome back Mark Fidgett here for www.notapennydown.com Just got off the phone with a VERY distressed home owner. Imagine losing your job, just as your mortgage is about to come up for renewal. Talk about bad timing! I’m going to share with you exactly what I told my client. I’ve got a secret to tell [...]
The kitchen is the heart of the home, and it’s the most highly valued room by buyers, so you want to make it show its best. Here are some tips to create a captivating kitchen: You can cut down on visual clutter by removing items you normally store on the counter. This will help your [...]
Imagine losing $50,000 or MORE? That’s exactly what the caller in the video below stands to lose. All because she didn’t know the difference between a Pre-Approval and a Pre-Qualification. It’s a common story. Client attends a showroom, likes what they see, writes an offer, gives a deposit and anticipates closing 2 years down the [...]
If your credit is less than stellar, applying today may actually make your credit worse. Don’t get me wrong, I’m not saying don’t apply. I’m saying, don’t apply yet. Do you suspect there may be an issue with your credit, if so, you’re better off pulling your bureau yourself. Your score will not be harmed [...]
You like me are probably looking at your T4 slip from last year or maybe even your most recent pay stub and asking yourself, where the heck does it all go? Sure, you wish there were a few more zeros on there, but it’s the vanishing act that’s the killer. Tax time is the worst, you can see [...]
In·di·an Giv·er n. (ca. 1848): A Federal Government which gives something to another and then takes it back. Wow, that sounds familiar, huh. I guess All the HUGE FINANCIAL brain power that went in to extending amortizations to 40 years, was for not. Latest word on the street has the Feds once again monkeying around [...]
