RBC is the first to decrease it’s Bank Prime Rate, they did not do the full 25 basis points that the BOC did however it is still a savings to canadians. See the news release below. The other banks likley will follow stay tuned for details.   http://www.newswire.ca/en/story/1478189/rbc-royal-bank-decreases-prime-rate   For questions or pre approval regarding […]

If you’re presently carrying debt outside of your mortgage, restructuring your existing debts into your mortgage may be the answer for you. Unsecured debt (credit cards and some lines of credit) hold a much higher interest rate, which will take a lot longer to pay off, and negatively impact your monthly cash flow. Following are […]

  1. How will this affect me? For the average Variable Rate Mortgage (VRM) holder, this will reduce the interest you pay by approximately $13 per 100k. (if & when they decide to make a change)   2. Does this affect my secured line of credit? If you have a line of credit, secured or […]

With all the hype about real estate not being affordable, I’m here to tell you the opposite. Averages don’t reflect the majority when you look into the real estate market I’m not saying that home ownership is an option for everyone, I will show you what is possible. Let me break it down for you […]

Good Morning, Great news for clients on the variable rate mortgage, as prime was reduced to 3/4 of a percent from the current 1% . Should the banks choose to follow this adjustment (which is likely however doesn’t always follow suit) bank prime shall be reduced to 2.75% from 3% and you will see a small payment reduction generally within a month […]

Thanks as always for the great reminders throughout the life of my mortgage. The mortgage plans you have set out for me since I have done mortgages with your team instead of doing it myself with the credit union have saved me thousands of dollars, first it was $1200/month and now years later over $600 […]

          Over   the past several years, we have seen significant changes to the way that lenders qualify borrowers applying for mortgages – with each change making the mortgage qualification process progressively more challenging.    The latest proposed change for January 1st, 2015 would see existing unsecured debt payments (credit cards, lines of credit, etc) calculated using 3%   […]

Your Age, life stage and need for access to funds and what you already have invested all play a roll in determining the best plan for you. If you have specific questions regarding your senerio The Angela Calla Mortgage Team is here to help and our service is free and without bias. Contact us at 604-802-3983 or […]

Take a peak at Vancouvers most expensive listings here in Nov 2014 Courtesy of Vancouver Buzzfeed. http://www.vancitybuzz.com/2014/11/vancouver-real-estate-novembers-expensive/ Mortgage Questions? Contact The Angela Calla Mortgage Team 604-802-3983 callateam@dominionlending.ca    

Here is a comparison to see what the price differences are in different regions.   http://www.news1130.com/2014/11/20/how-much-do-you-stand-to-save-by-living-in-the-burbs-a-breakdown-by-the-minute/#.VG4O3moOz3E.twitter   Contact The Angela Calla Mortgage Team 604-802-3983 callateam@dominionlending.ca