Category Archives: Uncategorized

May sound like a silly question, but what’s the difference between a mortgage payment and paying rent? They can both occur on the exact same day, but there is a subtle difference. Of course, we all know that a mortgage payment is for a mortgage and rent is for rent, but is that it? Yes, […]

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                                      Mark Fidgett is a Vancouver mortgage broker and the driver behind www.NotaPennyDown.com 604-273-2002 Your Vancouver Mortgage Broker For Life www.notapennydown.com P.S. Who’s the next person you know who wants to save thousands off their mortgage? Be […]

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Should you go with a fixed mortgage rate or should you go with a variable mortgage rate? Great question, in fact I was asked to do an interview yesterday for Moneysense Magazine on this exact topic. Let me start by saying, I’ve always believed there isn’t a one size fits all answer to this question. I think risk tolerance is a big factor. The question then becomes, […]

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Received Several more requests as to what app I use to sign docs on my #iPad. Here’s a quick video I did earlier this year that steps you through the process. I’m in the mortgage business, but you can use this app for any situation where you need to get documents signed. Remember, download the […]

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Are woman being charged more for mortgages? Do banks have a gender mortgage pricing problem? While watching the Global morning news on Sunday, I caught an episode on Gender Pricing in the banking industry with Katie Dunsworth co-founder of www.SmartCookies.com You may be surprised… Bottom line for the ladies out there – USE A MORTGAGE BROKER To find […]

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I had a chance to re-visit a book today. One that I’ve read several times. It amazes me that no matter how many times I read a book, I always come away with either a new or renewed thought. Today I share a renewed thought… In his best selling book, Think and Grow Rich, Napoleon […]

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Imagine Using your mortgage to lower your debt… “Where the heck does it all go?” You’re looking at your T4 slip from last year… or maybe your most recent pay stub. Sure, many people wish that those numbers after the dollar sign were a little higher, but it’s the vanishing act that alarms you most. […]

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As you may or may not know, because of recent concerns, CMHC has been placed under the supervision of the Office of the Superintendent of Financial Institutions. I found the following article by Garry Marr of the Financial Post quite interesting – With Canada’s dominant mortgage insurer running up against its massive coverage limit, the […]

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Interesting article in Bloomberg today “Canadian Finance Minister Jim Flaherty plans to introduce legislation as early as tomorrow that may contain changes to the oversight of Canada Mortgage & Housing Corp. and rules governing covered bonds. The government said yesterday it plans to introduce a law “to implement certain provisions of the budget,” according to […]

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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, […]

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