Hi everyone it’s Aleem – Vancouver Mortgage Specialist. In today’s episode of our mortgage minutes
I want to share with you how I was able to help one of my realtor partners save his client’s deal from collapsing at the last minute.
The Land of the Multiple Offer Subject-Free Offers when competing in a multiple offer situation. Whenever the market becomes competitive, it seems that the norm is to make subject-free offers, or write offers with shortened subject removal timelines. Now, really when you think about it, a shortened subject removal timeline does not really do anyone …
The Next Bank of Canada Meeting is July 13, 2022 we will post the results here and provide some additional insight and interpretations based on the bank’s report Bank of Canada Announcement and Banks Announcing Mortgage Rate Drops is merely coincidence Mortgage Rate Drops, independent of the bank of canada announcement, are expected in …
How is the Coronavirus related to my mortgage? Believe it or not, the coronavirus can have an impact on your mortgage and your interest rate in particular. Listen below to find out exactly how and why. 2017 Vancouver Real Estate Market 2017 Vancouver Real Estate Market For quite some time now there has been …
Spring 2020 update on Variable Rate Trends During the start of the lockdown due to the COVID crisis, banks hiked their variable rates discounts to prime – 0%. At the time, we predicted that variable-rate discounts will improve significantly once again. Well, very slowly now, we are starting to see this happen. The lowest nationally …
The Rate Tango: Canada Mortgage Rates Variable vs Cibc Mortgage Rates Fixed Become an expert on Canadian Mortgage Rates with our Handy Guide. At the time of this writing the prime rate is 2.85%, and many first time home buyers are wondering whether they should take advantage of this low rate or if they should …
Canada Mortgage Rates- a Handy Guide to cibc mortgage rates Read More »
Mortgage Rates Report 2020 (Spring) There are 3 things that will dictate the direction of Mortgage Rates One of them has to happen in order for rates to fall further – And one of them is Bad! If you are pulling for mortgage rates to go down here are 3 things that you should be …
One of These Three Things Have to Go Wrong For Lower Rates Read More »
One Way to Get a Mortgage Without *the* Stress Test By The Mortgage Specialist on May 26, 2020 Here is an Exception to the Stress Test – Exclusively if you are Renewing your mortgage If: A) you want to switch to a new lender at renewal, and B) your mortgage closed before October 16, 2016, …
Recent Article published in the paper talks about more than just bank mortgage rates The Globe and Mail a little while ago, printed an article titled Amid fierce mortgage battle, some banks shifting focus from rates to features, The article talks about two banks that are finally admitting that there is more to a mortgage …
Hi everyone, Aleem here with the Mortgage Specialist.com. In today’s Mortgage Minutes we’re going to go over the difference between the mortgage insurers. Now there are actually three insurers. There’s CMHC which is the term that most people use when referring to mortgage insurance. There’s also Genworth as well as Canada Guarantee. At present, Canada …