by Geoff | Sep 9, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Increase of Prime Rates – What Does This Mean? With the increase of prime rates over the last few months, there’s a lot in question. Many people are questioning if they should have a fixed rate mortgage or a variable rate mortgage. There are many factors to consider...
by Geoff | Jun 20, 2022 | Bank of Canada, Getting a Mortgage, Mortgage Broker, Rates
Guide To Getting A Mortgage A mortgage is a type of loan that is used to purchase or refinance property. A few basic features of a mortgage include the purchased property, which is always used as collateral, and regular payments to the lender are required. Mortgages...
by Geoff | May 29, 2022 | First Time Home Buyers, Getting a Mortgage, Mortgage Broker
14 Home Purchase FAQs To get an idea of how much you can afford, you’ll need to know your taxable income, along with any outstanding debts and monthly payments. First (for purchasing a principal residence) calculate 39% of your income for use toward a mortgage...
by Geoff | May 27, 2022 | Getting a Mortgage, Mortgage Broker
The Mortgage Pre-Approval Becoming a homeowner is a life-long dream for many. With all new experiences, there’s uncertainty, and you may second-guess yourself once or twice. You’ll be interviewing realtors, looking at homes, worrying about bidding wars, and of course,...
by Geoff | May 15, 2022 | First Time Home Buyers, Getting a Mortgage, House Hunting
How to Purchase A Pre-Sale Condo Pre-sale condo are brought to the market by a developer before the units are completely built. Buyers can choose to put money down on presales and own the rights to a future home. Buyers still pay the full price, but until the...
by Geoff | May 1, 2022 | Getting a Mortgage, mortgage trends
Breaking Your Mortgage in 2022 In our previous blog from 2020 on Breaking Your Mortgage, Vancouver’s Top Mortgage Broker talked about how 6 out of 10 consumers will break their mortgage within the first 3 years of a 5-year term. That means that 60% of...
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