One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more choice.
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The Best Time to Sell: The Week of April 16-22
Wondering when the best time to sell is? “Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
Continue reading →Mortgage Options At Renewal
It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage.
Continue reading →BCREA – Stats Release – Signs of Recovery Heading into Spring
Provincial Housing Market Showing Signs of Recovery Heading into Spring…“While activity across provincial housing markets remains well below normal,” said BCREA Chief Economist Brendon Ogmundson. “There are encouraging signs that the market is balancing out. Home sales rose month-over-month in most markets, and prices appear to be firming up in the face of low supply.”
Continue reading →Bank of Canada Rate Announcement Mar 8th, 2023
“In Canada, economic growth came in flat in the fourth quarter of 2022, lower than the Bank projected…Employment growth has been surprisingly strong, the unemployment rate remains near historic lows, and job vacancies are elevated… Overall, the latest data remains in line with the Bank’s expectation that CPI inflation will come down to around 3% in the middle of this year.”
Continue reading →Top 5 Checklist: Does Your Home Still Match Your Lifestyle?
Change is inevitable. We change things almost daily, from our wardrobe to our meal choices to the activities we to enjoy on the weekend. But how about where we live and spend most of our time? Your home was the perfect havn when you bought it. But how about now? We’ve listed our 5 key areas that are worth weighing up to check if your home is still right for you…
Continue reading →Why The Subject Property Matters
When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for a mortgage, if the property you’re looking to purchase isn’t in good condition, if you don’t have a plan, you might get some pushback from the lender.
Continue reading →BCREA – Economics Now – Canadian Monthly Economic Growth (Q4’2022)
Canadian real GDP declined 0.1 per cent in December, the first monthly decline since January of 2022. The decline in GDP was concentrated among goods-producing industries (-0.6 per cent) while services were flat. Canadian real GDP is now roughly 2.7 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy rose 0.3 per cent in January.
Continue reading →Parental Leave
Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, you’ve come to the right place!
Continue reading →Deposit Lending And Bridge Financing
Let’s say you have a home that you’ve outgrown; it’s time to make a move to something better suited to your needs and lifestyle. You have no desire to keep two properties, so selling your existing home and moving into something new (to you) is the best idea. Ideally, when planning out how that looks, most people want to take possession of the new house before moving out of the old one. Not only does this make moving your stuff more manageable, but it also allows you to make the new home a little more “you” by painting or completing some minor renovations before moving in.
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