The program is here! A few highlights on this initiative: interest-free shared equity loan available (5% on existing homes, 10% on new homes) Income requirments required of $120,000 or less loan cannot exceed 4 times your income available to First Time Home Buyers...
As expected prime rate increased a quarter percent this morning. This affects variable rate mortgage holders $13/month per $100,000 mortgage balance as well as home equity line of credit holders. No changes to fixed-rate mortgages....
In the real estate world, there are a lot of important dates. You may be familiar with possession day, this is the day you get the keys to your new home. Another very important day is the removal of conditions, this is where you sign off stating a firm sale! By this...
The Bank of Canada increased prime rate this morning by a quarter percent. If you have a variable rate mortgage, this will increase .25% http://www.cbc.ca/…/…/bank-of-canada-rate-decision-1.4490918
I’m honored to display another ‘Summit 5’ for 2017 representing the top 5% of TMG brokers in Canada. Like anything in life, it’s hard work and determination…and in my world it still happens one mortgage at a time. Thanks to my clients who...
I work with many clients going through equity division, separation, divorce and planning a new chapter in their lives. One of the biggest questions I hear is what can I now qualify for on my own? Can I afford to keep our home? Can I refinance and pay the other side...
As you may have heard Equifax Breach May Affect Canadians. A security breach at credit-monitoring company Equifax Inc. that could affect up to 143 million people in the United States has also exposed “limited personal information” for an undisclosed number...
There has been lots of hype over the last month or so of mortgage rates increasing. The media took this news and ran it for weeks instilling fear into many. I am pleased to report to you that after this initial HIKE of about a half percent, we’re now seeing many...
There has been many recent changes in the mortgage industry since Oct 2016 which have impacted home ownership with hopes of making needed changes in inflated housing markets in Vancouver and Toronto, although the changes were implemented nation wide. Our...
It is that time again, tax season! If you bought your first home in 2016 make sure you take advantage of some tax savings! With the cost of your new home, a down payment, moving, closing costs and a brand new mortgage, you’ll enjoy a bit of a break on your...
As we celebrate owning a house, I'd like to take the opportunity to let you know that you've played an important role in our success and happiness. Thank you or being patient and very accommodative to all our mortgage needs. Your knowledge has given us a sense of peace of mind and your intention to help has made this huge transition easy for us. We're glad that we came to you and wish that many people like us would find the same great experience with you. Hope you continue to spread joy and happiness. God bless you and your family.
