The Change Conventional mortgages now to be underwritten using benchmark rate* Five-year variable rate conventional mortgages  or conventional mortgages with terms less than five years now require that the borrower qualify based on the greater of the Bank of Canada five-year benchmark rate (the series V121764) or the contract rate applicable to the term chosen. […]

Mortgages are more than just rates. The Angela Calla Mortgage Team uses the following long-term plansto help you use your mortgage to create a better life: 1. Inflation Hedge Mortgage StrategyThis is being used by thousands of Canadians and, most important, clients under our mortgagemanagement who have a mortgage arranged with the Angela Calla Mortgage […]

Tips to Keep in Mind Between Your Mortgage Pre- Approval/Review of Options till Funding Dates In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late,  keep in mind that now – more than ever – it’s important to be careful what you do between […]

8 Benefits of working with The Angela Calla Mortgage Team 1.       We are independent, unbiased mortgage experts who use our experience in shopping multiple lenders to result in the best long term approach for your needs, keeping in mind your future goals. 2.       We protect your credit score by using one application to shop the […]

  Just sit back and do nothing. It doesn’t sound like the most proactive advice when it comes to the housing market, but it may just be what everybody needs to hear.   Panic is the worst thing that could happen because when that mentality sets in and people become irrational, it’s hard to forecast […]

According to the first BMO Housing Confidence Report released yesterday, nearly half of Canadian homeowners (46%) intend to buy a property in the next five years, signalling a high level of confidence in Canada’s housing market.   A modest increase in prices, however, would derail plans to buy; meanwhile, three-quarters (72%) of households would feel […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983 This weeks deal of the week has been brought to you by: Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: robboies@royallepage.cawww.willingsellerwillingbuyer.com http://rboies.mlslink.mlxchange.com/?r=1914235564&id=32313935343534.366 Please note that […]

Courtesty of CBC Finance Minister Jim Flaherty announced new regulations for the prepaid credit card market Wednesday, requiring what the finance minister called “reasonable disclosure” and eliminating some things about the cards the finance minister says are “quite unfair.” “This is a relatively new product,” he said. “We’re catching up with some of the practices […]

For the 25th consecutive month, the Bank of Canada has left interest rates unchanged. This means there will be no change to your variable-rate mortgage or line of credit payments. Following are links to today’s announcement as well as an article if you’d like further details: Bank of Canada Announcement: www.bankofcanada.ca/2012/10/press-releases/fad-press-release-2012-10-23/ Globe and Mail Article: […]

Since an increasing number of lenders seem to be moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for up to 150% more than either the mortgage amount […]