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Top Reasons Why Mortgage Refinancing is recommended

Repaying the home mortgage is everything but easy. The unstable economy, high interest rates or unexpected work failures are some of the common reasons that make home mortgage payment tough. In such cases refinancing could be an option. Let us find out why mortgage refinancing is a good option.

Access to Better Interest Rates

Your current mortgage may be at a higher rate due to a lower credit rating or a lack of assistance from a reliable Vancouver mortgage broker. If you have worked your way up to a better credit rating now might be the time to look at a better mortgage broker to help you into refinancing your property.

Refinancing can facilitate Bigger Purchases or Help Renovating Your Home

When you […]

By | October 18th, 2015|Alternative Mortgage Financing|

Three Common Myths about Mortgage Brokers

To get the benefits of hiring a mortgage broker in Vancouver BC, potential home buyers must understand the complete truth about working with one. Listed below are some common myths busted regarding mortgage brokers.

Myth 1: Mortgage Brokers Always Favour One Particular Bank or Lender

Mortgage brokers align themselves with more than one lender. They have access to a number of banks or private lenders and recommend services based on the needs of the individual client. With their strong network of well-acquainted lenders they focus towards achieving the best mortgage rates in Vancouver for their clients. They never and have no reason to recommend one lender over the other.

Myth 2: The Mortgage Pre-Approval Process is the same with All Brokers

The […]

By | October 13th, 2015|Vancouver Mortgage Broker|

Three Reasons for a Home Buyer to Hire a Mortgage Broker

Buying a new home can be exciting and stressful at the same time. The process demands careful choices to be made, loads of paperwork and negotiation all through the way. With a reliable mortgage broker Vancouver by your side, sailing through this process to reach your brand new home can be made as easy as possible.

Mortgage Brokers Act As One-Stop-Shop for the Entire Process

In most cases and especially for first time homeowners, the process can be overwhelming and leave them confused about how they need to proceed further. Mortgage brokers bring forward their knowledge in analysing the specific situation and deciding the type of loan, the down payment to be made and other services required for the successful completion […]

By | September 7th, 2015|Vancouver Mortgage Broker|

Factors to Consider For Picking the Right Mortgage Broker

Buying a property or renovating an existing one demands time, effort and most importantly money! While walking into every bank in the region to learn about the loan packages is an option, hiring a mortgage broker in Vancouver BC is a wiser choice.

Here is what you should consider to ensure you end up with the right mortgage broker for your need.

Get References and Reviews

Start by making a list of potential mortgage brokers based on references from friends and colleagues. Research them online and read customer reviews before you choose to move ahead. Check for their experience in the field as well as the required accreditation requirements.

Ensure the Service Fits Your Particular Need

If you are a realtor looking to customize […]

By | September 1st, 2015|Vancouver Mortgage Broker|

Sealing the Deal with the Right Mortgage Broker

When you need a mortgage broker, you will want to hire a professional who can offer you a lot of choice. The last thing you need is someone who reports back with limited options that corner you. Seal the deal with a broker who brings the following aspects to the table and you will be well on your way to arranging sound mortgage financing in Vancouver.

A Well Recommended Professional

The professionalism and efficacy of an acclaimed professional is matchless. So hiring an expert you have heard a lot about would be wise. You can also trust referrals from friends or colleagues to give you accurate insight into what to expect.

Planning and Attention to Detail

Not only do you need a […]

By | August 14th, 2015|Alternative Mortgage Financing|

Mortgage Interest Rates BC

Whether you are employed by a company or self employed your credit is such a huge part of making sure you will get the best mortgage interest rates BC on any mortgage!

It is an exciting feeling to get your first credit card, hand it to a store merchant and simply enter your pin and walk out with your merchandise. It can be very tempting to use your card up to the limit or even past the limit; however, this is the worst thing you can do. It may seem like free money but it is very far from that. Credit is like a continual test; the higher your score, the better chance you have at being approved for any loan […]

By | August 12th, 2015|Alternative Mortgage Financing|

The Importance of Researching Intricate Workings of the Mortgage Industry

Buying a home means dealing with realtors or builders, financial intermediaries and loan underwriters. At the same time you may need to talk to appraisal firms if you are selling your property or deal with credit providers to re-finance your house. In case you are getting a mortgage for the first time or are inexperienced in re-financing your home, you cannot afford to go ahead without doing a bit of research about the same. Here’s is why you need to acquaint yourself with the intricate workings of this industry.

In Order to Secure a Trustworthy Broker

Hiring a mortgage broker in Vancouver, BC who can get you the best rates and negotiate till the last minute is imperative. Such an individual […]

By | August 4th, 2015|Alternative Mortgage Financing|

Bank of Canada Interest Rates April 15, 2015

This will continue to be a busy spring housing market in Canada. The Bank of Canada is keeping interest rates down which is allowing the average home shopper more flexibility when looking at the affordability of a home purchase.  We are getting spoiled with 5 year fixed- term rates below 2.5% and variable rate mortgage below 2%! Ten years ago who would of thought this was even possible!

By | April 23rd, 2015|Alternative Mortgage Financing|

How to Make Your First Time Homebuyer Experience a Memorable One

Being a first time homebuyer should be an enjoyable experience, but if you are not prepared it can become a very frustrating one. Here are six key areas during this exciting home buying process that need to be addressed;

1) Type of property to purchase and when.

Have you asked yourself; “Will purchasing a property now get me on the right path to obtain my real estate goals? Will this first purchase be a flip to obtain more capital? Do I want to live in the property and enjoy the lifestyle, then sell in a few years and use the profits towards my next purchase? Should I buy a place strictly as an investment and get someone else to pay the mortgage […]

By | January 17th, 2015|Alternative Mortgage Financing|

Mortgages for Business-For-Self – New Professionals

To become a successful self employed professional, it takes many years of dedication both mentally and financially to acquire the accreditation and to establish a business. Although rewarding, by the time you get to this point many others your age have been established in their respective careers for a few years and could be into their second home purchase already.

 

As the world becomes technologically advanced, the percentage of the work force in the Canada that is business-for-self grows every year. The benefits of not having a boss, control of your own hours/vacations and being able to decrease your income tax payable every year, seem to out weight the negatives.

 

Since the economic down turn is 2008, being self-employed has become much […]

By | November 23rd, 2014|Alternative Mortgage Financing|