Buying Your First Home in 2017? – 7 Steps to Maximize Your RRSP Down Payment

28th February 2017

Are you thinking of buying your first home in 2017? If yes, contributing to your RRSP before the March 1 contribution deadline can help you increase your funds available for your purchase. Follow the 7 steps below so you can maximize your available funds to purchase your first home. Step 1: Check to see if […]

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35% Down… The New Conventional Mortgage?

27th February 2017

If you’re looking to buy a new home, one of the most difficult things can be putting together a down payment for the mortgage. So how much do you really need to put together before you can get into the home of your dreams? Let’s take a look at some of the different options, with […]

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Overcoming the Challenge of Income Qualifying

24th February 2017

When it comes time to get your mortgage, or perhaps look at investing in an investment property, income qualifying is one of the first steps you will have to take. This first step though can also be the most challenging. Let’s walk through the steps you should take: 1. What is your Employment? Are you […]

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So You Want To Port Your Mortgage?

23rd February 2017

Recently a video appeared on Linkedin and a few other places singing the praises of porting your mortgage and making it seem like a walk in the park. If you have ever done one, then you would know that it is anything but that scenario. Porting is not much different than qualifying for a new […]

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Getting Strict On Documentation

22nd February 2017

With an increase in concern about fraud, lending institutions are getting strict on documentation for mortgage approval. As part of the mortgage approval process, your mortgage broker will ask for documents to show proof of your income, down payment and possibly other items such as proof of permanent residency and other identification. Since most of that […]

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Optimism For Future First Time Homebuyers

21st February 2017

December 15th, the B.C. Provincial Government shared that it will begin offering financial assistance to B.C. first-time home buyers in regards to their down payment. They estimate that 42,000 new first-time home buyers will take advantage of this program over the next three years. What the B.C. Government Will Provide:  – A matched loan only […]

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Be the Sunshine For a Senior This Month

16th February 2017

As Canadians, February can be one of the hardest months. It’s when the wounds of the holiday credit card bills are still fresh and taxes for the upcoming season need to be prepared. Financial stress may be at its peak. According to Statistics Canada, over 1.4 million senior Canadians reported feeling lonely. The loneliness and […]

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What You Need To Know About No Frills Mortgages

15th February 2017

You’ve been offered an amazing rate and you just can’t believe how much you will save. You’re super excited and getting ready to go sign off on the papers when you randomly run into a mortgage broker and mention the deal you scored. The broker says to you that’s an awesome rate, any idea what […]

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Top Five Home Renovations That Increase Property Value

14th February 2017

Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. # 5 Flooring Flooring is one of the most important aspects of your house. You will see […]

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Remediated Grow-Op – A Good Investment?

14th February 2017

It is forever in discussion in the Lower Mainland – is a former grow-op home a good investment? Prices are often much lower than similar properties so at first glance it seems so. But the stigma will follow the property in perpetuity, unless it’s razed to the studs and rebuilt. If it’s been remediated that […]

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Get In Front of a Bad Situation

10th February 2017

Financial difficulty can happen. Marital breakdown, economic downturn / job loss, health issues are all realty. If I can give one piece of advice it’s this – in the face of financial difficulty the worst thing that a person can do is to go dark on their creditors. In my experience, being 100% upfront and […]

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Financing Solutions – Bridge Loan

9th February 2017

The fast pace of buying and selling real estate is daunting. Throw in trying to manage closing dates, possession dates and access to the proceeds for the purchase and you have a recipe for disaster. I recently received an email from a potential client asking these very questions: “I was wondering how the process usually […]

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Beware of Mortgage and Title Fraud

8th February 2017

Now a days with the amount of information that is shared on the Internet and social media, identity theft and Ponzi schemes are happening regularly. Homeowners are taking the necessary steps to protect one of their largest investments which is their home. However, the last thing you want to worry about is yet another way […]

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Things to Consider When Deciding to Buy a Foreclosure

7th February 2017

When bad things happen to good people sometimes the reality is they just can’t keep up with their mortgage payments. While Canadian mortgage defaults are amongst the lowest in the world at just 0.31%, foreclosure still happens. In BC, if a lender forecloses on a homeowner they are required to give the borrower a 6-month […]

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3 Steps to Keep Your Credit In Check

6th February 2017

If you have have overextended yourself with credit card debt, or have consolidated all of your consumer debt into your mortgage, or are at the point where you just want to cancel your credit cards, we have the 3 steps for you to follow to get your credit back in check. DO NOT CANCEL ALL […]

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US Employment Strong In January, But Wages Lag

3rd February 2017

Job growth in the US in January was better than expected, rising 227,000–up from 157,000 in December–according to the Labor Department report on Friday in Washington. While payrolls have been strong, however, wage increases remain disappointingly muted. The unemployment rate rose a tick to 4.8 percent, and average hourly earnings grew 2.5 percent year-over-year, the […]

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What Does It Actually Mean To Co-sign For a Mortgage?

3rd February 2017

There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick look at why you may be asked to co-sign and what you need to know before, during, and after […]

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10 First Time Homebuyer Mistakes

2nd February 2017

If you’re on the hunt for your first home and want to have a smooth and successful home purchasing experience avoid these common first-time homebuying mistakes. 1. Thinking you don’t need a real estate agent You might be able to find a house on your own but there are still many aspects of buying real […]

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Fed Points To Rising Confidence Leaving Rates Unchanged

1st February 2017

The Federal Open Market Committee (FOMC) reiterated in their press release today that the labor market is strengthening and the economy continues to expand at a moderate pace. The consumer is doing most of the heavy lifting as business investment remains soft, but both business and consumer confidence is rising. Inflation has ticked up, but […]

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RRSPs For Your Down Payment??

1st February 2017

Are you a first time home buyer and looking to use your RRSP’s as a down payment? Here are a few things you need to know: 1. To use this program you must have not owned a home in the last 4 years but did you know that if your spouse owned a home previously […]

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