This recent article in the Financial Post prompted me to do some mathematics and put together the following data. Are you long-term thinker, do you crave stability, nervous about where interest rates may go and when… To some extent this describes all of us....
A mathematical argument for purchasing a home today. Although prices in many areas are close to where they were during the 2007/2008 period, the average 5 year fixed mortgage rate through 2006 into late 2008 was approximately 5.5%. Today we are closer to 2.89% –...
Jim Flaherty – Anti Robin Hood Ottawa’s hand in your pocket…sort of. This somewhat odd tale begins in early March with the non-event of BMO announcing a ‘no-frills’ 2.99% 5 year fixed mortgage rate. I suggest this was a non-event as in the world of the mortgage...
Your Mortgage Application; Clarity around the First Step towards a Mortgage Approval. This first step seems to be one of the most misunderstood. Technology (i.e. the telephone) plays a huge role in simplifying the process. A mortgage applicant is no longer required...
Will Checking My Credit Lower My Beacon Score? The Beacon score or credit score determines the probability that you will pay your bills on time and in full. Beacon scores are sometimes referred to as FICO scores, and both names are from the credit bureaus that...
On February 1st and 2cnd I was lucky enough to be included as a speaker at Michael Campbell’s – 2013 World Outlook Conference. Although my own presentation was not filmed for the post event online video access I strongly believe that the debate between...
Many clients think that having a mortgage pre approval puts them in a position to write offers on properties without inserting a ‘subject to receiving and approving financing’ clause. Nothing could be further from the truth. Being ‘pre-approved’ can all...
Once again I find myself looking back at a year that was full of surprises, some small and a few larger than anticipated. Many good and a few less so, best to leave the bad behind quickly and build on the good. J In other words, a year very much like everyone else’s....
Having a family that sleeps late, a personal habit of rising rather early, and an aversion to things work related this one day of the year leaves me with a few quiet hours to think about the year that has nearly passed, the year ahead, and in particular – this...
Is today the right time to buy Vancouver Real Estate or not? This is a question that I am asked on nearly a daily basis by clients, friends, family, even my barista asks it. Lets set aside for another time the question of whether one should ever own a property or not,...
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