TIPS AND GUIDES
Are You Ready to Achieve Financial Success?
Did Buyers In August Overpay Just To Get a Low Rate?
In my previous post we looked at the age old question that many "on the fence" buyers have been asking...well....ever since I've been in the business. Should I Buy Now, Or Buy Later? I came across this article published in the Globe and Mail which I thought did a...
Is This The End Of 5% down payment?
CMHC is the government body that insures mortgages. To put it in the simplest of terms, when CMHC insures a mortgage, it means the bank essentially does not have any risk when it issues the loan. Of course there’s some risk carried by the bank but the Government is...
Mortgage Penalties In the Media Again – 2020
A self-employed, single mother of a 12 year old boy, also taking care of her elderly mother, made CBC headlines for having to pay a $30,000 early termination penalty on her mortgage, when she was forced to sell her house in April, due to the COVID-19 pandemic. By...
Coronavirus related to your mortgage
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. https://www.youtube.com/watch?v=d7W-09cKs1A 2017 Vancouver Real...
April Real Estate Board of Greater Vancouver News
https://youtu.be/ddTvyGlhZsg Here is a Quick Summary of the April stats for Real Estate In Greater Vancouver. Mortgage Penalties In the Media Again Daily Corona Virus Mortgage Updates Canada’s lowest nationally available conventional variable rate is...
Variable Rate Update – June 2020
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...
CMHC Rule Changes – June 2020
Traditionally - if the waters are rough, you do whatever you can to not rock the boat. CMHC today however has rocked the boat. The housing market has weakened over the last few months, due to the pandemic, but Canada's largest default insurer is making it tougher for...
Pre-Payment Penalty – Lenders Are Taking Action
In March of this year (2012), the Government of Canada and the Financial Consumer Agency of Canada announced a new proposal on how to disclose mortgage pre-payment penalties on closed fixed term mortgages. The initial reaction of the lenders comes to no surprise. Many...
Mortgage Rule Changes – 2012
There were a couple of major announcements yesterday affecting the mortgage industry which I have received a few calls on already so I thought I would send something out to you.
Daily Corona Virus Mortgage Updates
Updates relevant to the Mortgage Industry During the COVID19 Crisis *Thank you to our friends at RateSPY and the Government sites for the data and reports Mortgage Report July 01, 2020 —The Happy Canada Day Report: July 1— Fixed or Bust: Canada’s lowest nationally...
Less Money Down Means Lower Rate?
Hi, Aleem here – Mortgage Specialist Vancouver.
Canadian Mortgage Rates- How they are influenced by the U.S
In the midst of the financial crisis, America's equivalent of our central bank – the Federal Reserve- opted to lower its short-term overnight interest rates down to zero.Things did not stop there. The goal all along was to lower longer term interest rates, which are...
Thank You for Paying it Forward
SEASON OF PAYING IT FORWARD 2017 is already 3 weeks in and we are off to a rocking start. I wanted to thank all of my valued clients for their support over the last year, thank you so much for not keeping me a secret and continuing to refer your friends, family and...
Mortgage Rule Changes – How they Impact the Consumer
Rising Rates and Stricter Qualifying Guidelines May Make it Harder for you to Qualify for a Mortgage and Lower your Purchasing Power Even Further (to be in effect by December 31, 2013) When purchasing a home, the keys that impact how much and whether you qualify at...
Value of Mortgage Brokers Greater Than Ever
Mortgage Rule Changes have made Mortgage Brokers even more invaluable In October of 2016, the entire Country was surprised by reports of considerable changes to mortgage rules announced by the Canadian Government. The Department of Finance Canada announced new...