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BC Mortgage Brokers

BC Mortgage Brokers How the British Columbian Mortgage Brokerage System Operates A mortgage broker is an intermediary who brokers mortgage deals between a borrower (the homeowner/business) and a lender (usually the bank). Conventionally, banks and other lenders would sell off loans by themselves. However, in recent years, the role of brokers within the Canadian mortgage [...]

By | July 29th, 2015|FAQ|Comments Off on BC Mortgage Brokers

Will Your New Bank Pay your Mortgage Penalties

WILL NEW BANK PAY MORTGAGE PENALTY OF YOUR OLD BANK? Hi, everyone. Aleem from themortgagespecialist.com. There's been a lot of talk about mortgage penalties of late, and I've written a couple of other blogs about them as well. I received some calls over the last couple of weeks, people have been inquiring about whether there [...]

By | June 4th, 2015|FAQ, Mortgage News, Mortgage Renewal Tips|Comments Off on Will Your New Bank Pay your Mortgage Penalties

What Is An Amortization Period On A Mortgage?

What is amortization? Simply put, it is the length of time it takes to repay your mortgage loan. In Canada, if you have 20% or less down, then the maximum amortization you can do is 30 years. If you are putting 20% or more down, then you have the option to go as high as [...]

By | December 20th, 2013|FAQ|Comments Off on What Is An Amortization Period On A Mortgage?

What Is A Purchase Plus Improvement Mortgage?

Can I make improvements to a home I want to buy? I think this is an important question because I think lots of people when their shopping for homes, finding homes that they like.they’re in the right area, close to the right schools whatever it might be..but they aren’t sure they quite like some of the things in the home, and they then may pass on that the home. Well the answer is that you can buy the home and then make those improvements that you want to make to make the home more comfortable for you. But there’s some very important things that you need to know. […]

By | September 5th, 2013|FAQ|Comments Off on What Is A Purchase Plus Improvement Mortgage?

Renting vs Buying

Interest Rates are at record-low levels --->  it has never been cheaper to borrow. Experts are also saying that house prices are stabilizing and/or decreasing. This has caused many to raise the question of renting vs buying. The fact is, now may just be the perfect time for you to buy. Fill out the form [...]

By | September 5th, 2013|FAQ|Comments Off on Renting vs Buying
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