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Honey can you take the kid to The Whistler Bike Park tomorrow?

Honey can you take the kid to The Whistler Bike Park tomorrow?

No mortgage talk today. Short version; Bikes are just awesome, all sorts.  Go ride one soon! 🙂 Road-biking once or twice a year is on my agenda – Ride to Conquer Cancer DownHill (DH) Season is about to Open – Got Kids? Think you are still a kid?  Get up...
Collateral Charge – What is this?

Collateral Charge – What is this?

Collateral charge mortgage – What is this? Short Version This is a method of registering your mortgage currently used by nearly every Chartered Bank & Credit Union at this time. You are unlikely to avoid it with either of these two types of lenders, nor...
Penalty Landmines in the ‘rate-war’

Penalty Landmines in the ‘rate-war’

Spring has Sprung! Short Version There is no ‘mortgage rate-war’ Mortgage Rates are likely to remain flat or drop lower still. What will drive rates up?   Good economic News. Maintain focus on the Variable Rate Product. 6 out of 10 CDN’s break their mortgages at...
Another Spring of falling Interest Rates!

Another Spring of falling Interest Rates!

Short Version Rates are trending downward, as they have nearly every Spring since 2009 to some extent.  This trend is likely to stick around awhile. Should you rush to lock in long term?  Likely No. Should you consult with an independent Mortgage Broker to avoid...
Bridge Financing – What, How, Why…

Bridge Financing – What, How, Why…

Short Version Bridge financing is a tool that can allow a client to take possession of a new home prior to completing the sale of their current home. One must have a firm, subject free, binding contract of sale in place for their current residence in order to start an...
Ask your Broker or your banker the following Question; Part 2.

Ask your Broker or your banker the following Question; Part 2.

What have you done with your INVESTMENT property mortgage and why? This is another question which I encourage clients to ask or their Mortgage Broker or their banker. Short Version An open and questioning mind may lead one to mortgage products which result in savings...
CMHC & Genworth News – Slight Premium Increase

CMHC & Genworth News – Slight Premium Increase

Short Version The latest CMHC news impacts new home buyers only – not current mortgage holders The increase takes effect May 1, 2014 The net impact to the average BC Family purchasing with a 5% down payment is a $5.75 per month payment increase. Based on the median BC...
Fixed Vs Variable – Consider Penalty Implications

Fixed Vs Variable – Consider Penalty Implications

This would be a simpler topic if we were unemotional beings.  Spock would select variable rate every time.   Personally I have found that my life is Variable, therefore so is my mortgage product. Definitions; Fixed rate mortgage – just like it sounds; your...