First-time homebuyers continue   to enter the Canadian housing market in substantial numbers, encouraged by   low interest rates and acting in response to their own favourable economic   circumstances, according to the Canadian Association of Accredited Mortgage   Professionals (CAAMP), in its newest consumer survey report, Looking for a “New   Normal” in the […]

#didyouknow Many people consider investing in real estate as a way to build a nest egg and have tenants help you pay the mortgage. There are many things to consider, however, before embarking on the investment property journey. Click here for 10 things to know from The Star. The Angela Calla Mortgage Team is here […]

Often times, borrowers are   fixated on their mortgage rate because it’s the one aspect of their home   financing they know to ask about. But, it’s important to look beyond mere   rates into the bigger picture surrounding what’s significant when it comes to   your specific mortgage needs. If we dollarize the difference […]

Consider this recent statement by a bank spokesperson: “Choosing a shorter amortization is the most responsible approach to home financing. It’s something we have been encouraging our customers to consider for years, as it means becoming debt-free sooner.” How wise is that advice? Do longer mortgage repayment periods truly cost you more, all things considered? In some […]

Being a lifetime BC resident, I love everything #Vancouver has to offer. From a New Yorker’s perspective I found this article to be interesting! Vancouver isn’t an obvious superstar. It’s not home to a major industry—as New York and London are to finance, or San Francisco to tech—and it doesn’t have the cultural cachet of Paris […]

Following the recent news buzz about ultralow interest rates, below is a clip from my appearance on Global TV this morning. The main point covered in the approximately five-minute video clip (which can be viewed here:  http://youtu.be/GdBwFa-a184 ) is how low rates often come with HEAVY restrictions that don’t suit most borrowers, including: 3 times the […]

Another woeful tale about big bank mtg penalties  Borrower beware. Understand the penalty clauses in your mortgage contract You can get a low mortgage rate by signing up for a five-year term. But you could be penalized for an early exit if your plans change. http://t.co/EpZEstx4ev The Angela Calla Mortgage Team looks to place your […]

Your credit score is a number   that illustrates your financial health at a specific point in time. It’s also   an indicator of how consistently you pay off your bills and debts. Your credit score is one of the factors lenders consider when   qualifying you for a mortgage. A good credit score, for […]

If you’re thinking of buying   your first home or upgrading to a new one, the inventory of homes on the   market come Spring is definitely plentiful – providing for a great selection   of homes to serve your unique needs. Still, there are also generally more people out looking at   homes in […]

One of the significant advantages of using The Angela Calla Mortgage Team is we place your mortgage with the best lender & insurer upfron tto suit your needs. The private insurers have been wonderful in providing options and more cost effective solutions for borrowers. This period in time is no exception, below has the details […]