by Geoff | Apr 11, 2017 | Finances
Tax Season is upon us and the deadline to file is fast approaching. For many, tax season can be a time of high stress- especially for those who are self-employed. Although we are not an accounting service, when we are working on building a file for a mortgage a...
by Geoff | Feb 6, 2017 | Finances, Getting a Mortgage
Is 2017 the year that you look for a new home? You may find that your wish list verses what the market has to offer don’t exactly add up. Another issue you may run into is the current inflated house pricing that is (slowly) being corrected here in the lower mainland....
by Geoff | Nov 4, 2016 | DLC, Finances, First Time Home Buyers, Getting a Mortgage, mortgage trends, Rates, Refinancing
What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. Before October 17th, the lenders calculated the maximum mortgage amount based on the contract rate of...
by Geoff | Nov 2, 2016 | Finances, Mortgage Broker, Real Estate Investing
Most people believe that being mortgage free is their plan for retirement. That means paying off your mortgage as fast as possible becomes the priority and having other forms of investments are considered only after your property is paid off. It is important to decide...
by Geoff | Oct 24, 2016 | Finances, First Time Home Buyers, Getting a Mortgage, Mortgage Broker, Rates
Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you’re likely not working with the...
by Geoff | Oct 21, 2016 | Credit Score, Finances, First Time Home Buyers, Getting a Mortgage, Rates
That’s right! Sure the new mortgage rules from our Federal Government on October 17th can be a bit confusing, here are five tips to help you with your mortgage while at the same time, reducing your stress. 1. Review your Credit File: Good credit is your ticket to...
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