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Test Driving a New Payment

Test Driving a New Payment

Test Drive your new mortgage payment today.  In both rising markets and softer markets there will always be people contemplating a move to a larger home, often with a larger mortgage to accommodate. How many of us takes steps in advance to prepare for a payment...
Pre-Approvals, are they valid?

Pre-Approvals, are they valid?

Pre-approvals, more important and less concrete than ever Short Version A mortgage pre-approval is little more than a ratehold. A second alternate credit report can be accessed by the lender/insurer and its contents devastating. A mortgage pre-approval is not fully...
Bi-Weekly Payment Clarity.

Bi-Weekly Payment Clarity.

[vc_row][vc_column width=”1/1″]There has been a post circulating around social media over the past few weeks that has created confusion around the benefits of bi-weekly mortgage payments. The keyword omitted from the conversation is...
 Interest Rates: Pundits, Predictions and Sharknado

 Interest Rates: Pundits, Predictions and Sharknado

Short Version Watch Sharknadoas it is a better use of your time than reading inflammatory predictions. Mortgage rates actually dipped lower this week. For a BC resident with the provincial average variable-rate mortgage balance of $300,000.00 a 0.25% hike in interest...
The Reverse Mortgage Dilemma.

The Reverse Mortgage Dilemma.

A dilemma for clients and Brokers alike. Short version; Engage your Mortgage Broker for a better understanding of this product. HomeEquity Bank Guarantees that the amount to be repaid will never exceed the fair market value of your home at the time that it is sold. No...