Cashback mortgages have been around a long time, not quite long enough for stories of the pain related to breaking one to have circulated to great extent. I recently attended a presentation by a lender in which several dozen Mortgage Brokers were asked if they would...
Nov 1st – Feb 28, 2013 – Appraisal and closing costs covered – Free https://dustanwoodhouse.ca/free-appraisal-and-free-legal-fees...
Four Pillars of a mortgage application There are four main pillars of any mortgage application, they are as follows; Clean Credit Income Equity (Down payment amount) Subject property (the quality of) I have listed these in order of easiest to control, to more...
A good read for self employed, and/or Real Estate Investors, and/or Accountants. The bulk of this content is aimed at self employed clients, however much of it spills over to Real Estate investors with multiple properties as they too are subject to greater documents...
In my office we have never looked at taking 40 years to pay off a mortgage as a proper strategy, however there are many instances in which a longer amortisation has proven a useful strategic tool for clients. Especially clients on their last 20 years of less of...
Mortgage Terms – Fixed, Variable / Open, Closed / – How does it all apply to todays mortgage market? Over the past few years many clients walked into my office adamant that they wanted a five-year fixed rate mortgage and nothing else, however very few walked out the...
When looking at Greater Vancouver real estate prices there is no denying the recent tremendous drop in sales volume, 43% below the ten year average, and typically within 3 to 6 months of sales volume dropping off prices do follow. My own crystal ball suggests that it...
Things one should know about a mortgage pre-approval. Although going through the preapproval process is itself important, the actual term ‘preapproval’ is potentially misleading. An important point to be clear on is although you may be preapproved for a certain...
Within the first few minutes of speaking to a new client about mortgages the number one question that I am asked is always ‘what is the best rate ‘ – invariably clients are referring to the five-year fixed rate . As such the very next topic...
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