[vc_row][vc_column width=”1/1″]Market Update The past month has found me a tad too busy writing mortgages to be writing Blog posts. That said I look forward to laying down some mathematics and opinions again soon. For now I provide some Market data....
[vc_row][vc_column width=”1/1″] Defining ‘unaffordability’ Critics of real estate ownership often cite the average detached Vancouver house price against household income, e.g., ‘Today the(Vancouver) median income is $71,660 and the average...
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...
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...
Can an 82-year-old take out a new mortgage with a 30-year, or even a 35-year amortisation? Strictly speaking, YES. In fact, in 2009 my then 82-year-old client did just that in order to invest the capital. With the net profits between the 2.25% mortgage rate enjoyed...
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