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 [...]
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 [...]
Fact sheet First-time home buyers’ tax credit What is the first-time home buyers’ tax credit (HBTC)? The HBTC is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009, that is – closing after this date. How is the HBTC calculated? The HBTC is calculated by multiplying the lowest [...]
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 [...]
Apparently, the finance ministry’s legal oversight of the pink elephant, aka CMHC, was long overdue… In March, Maclean’s warned that the Canada Mortgage and Housing Corporation, the quasi-governmental insurer that underwrites $500 billion of residential mortgages, answers to no one—not Canada’s top financial regulator or even the minister of finance. That all quietly changed last month [...]
With the HST still a mass of confusion, certain markets are still feeling the pinch. Victoria housing starts also down due to lack of multi-family projects. Travis Archibald, senior market analyst with CMHC says Everything has been pretty slow across the Island over the first few months, but he’s still optimistic about the summer and [...]
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 [...]
