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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
RRSP countdown PLUS our secret strategy COUNTINGDOWNTO.COM Go ahead and watch this Secret RRSP STartegy… There’s a lot more to mortgages that just great rates. For the right advice at the right time Go ahead and call me to discuss Mark Fidgett, Your Vancouver Mortgage Broker For Life www.notapennydown.com 604-273-2002 P.S. Who’s the next [...]
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 [...]
