Mortgage Matters

The evolution of mortgages

Nov 28, 2015 / 6:00 am

There have been many changes to insured mortgages in the last few years. Some are finding it more challenging to qualify, particularly if they are self-employed...

Why invest in real estate

Nov 14, 2015 / 6:00 am

Purchasing and investing in real estate has always been attractive to those who are looking to generate additional income, and to benefit from the wealth...

Let's talk down payments

Oct 31, 2015 / 6:00 am

When you are getting ready to purchase a home, most likely you will only concern yourself with the knowledge that you have access to sufficient funds to...

The future of retirement

Oct 17, 2015 / 5:00 am

Since 2005, HSBC has conducted a survey about retirement. This report gives us a clearer view of what might lie ahead as you move toward retirement. Both those...

Condo buying 101

Oct 3, 2015 / 5:00 am

Generally more affordable, easier to maintain, amenity-rich, and often located in desirable neighbourhoods, it makes sense that condos are an increasingly...

What is bridge financing?

Sep 19, 2015 / 5:00 am

What do you do if you have to buy your new home before the sale of your current home completes? You are going to need a short term financing solution to cover...

Paying cash for a home

Sep 5, 2015 / 5:00 am

Congratulations! You’ve just sold your home and are ready to purchase a new home. For the first time in your life, you may have enough money to pay CASH...

Stop! Don't sign!

Aug 22, 2015 / 5:00 am

Mortgage renewals are one of the most neglected decisions made during the life of a mortgage. Many homeowners stay with their existing mortgage lender because...

Ask your accountant

Aug 8, 2015 / 5:00 am

Small business is a very important part of our economy here in the Okanagan. The Thompson-Okanagan region recorded the fastest net growth in the number of small...

Truth about rate sites

Jul 25, 2015 / 5:00 am

Over the past few years mortgage rate sites have been making an appearance online and many consumers are now doing their own ‘rate shopping’ before...

Mortgage renewal: Part 2

Jul 11, 2015 / 5:00 am

Click here to view Part 1. Part 2 Here are the final five questions that you should ask your bank when you are shopping for a mortgage or your mortgage is up...

Questions to ask your bank

Jun 27, 2015 / 5:00 am

Part One Shopping for a mortgage or your mortgage is up for renewal? These are 10 important questions to ask your bank or mortgage lender before you end up in...

Mortgages for immigrants

Jun 13, 2015 / 5:00 am

Many new immigrants to Canada share the dream of home ownership and there is a way to own a home even without any established credit in Canada. Qualified...

Financing for foreclosures

May 30, 2015 / 5:00 am

Buying a property in foreclosure is different than buying other property in BC. Recognize that the courts are always going to ensure that the homeowner is...

Fancy new car or a home?

May 16, 2015 / 5:00 am

We all love the smell and prestige of a new vehicle but the attached monthly payment may prevent you from qualifying for mortgage financing. If you are thinking...

Spousal buyout program

May 2, 2015 / 5:00 am

The end of a relationship does not necessarily mean that you will have to sell your home. Your home may be able to give both partners a new start. There have...

Self-employed mortgages

Apr 18, 2015 / 5:00 am

It is no longer as easy as it once was for the self-employed to obtain mortgage financing. A few short years ago you could tell your banker how much you made,...

Investment property options

Apr 4, 2015 / 5:00 am

You may think that you now require a 20% down payment in order to purchase an investment property and in general that is correct but depending on the intended...

Variable or fixed?

Mar 21, 2015 / 5:00 am

The answer – it depends! A variable rate is based on the Bank Prime Rate, which is what financial institutions charge to the consumers. Bank Prime is...

What's the difference?

Mar 7, 2015 / 5:00 am

Assisting you to understand that there is much more to a mortgage than the interest rate is one of the most important responsibilities I have to my clients....