The biggest impact that we note from this change is the newly self employed. Many tradespeople or service providers have decided to contract themselves out to companies or clients directly, making them self employed. CMHC was the most understanding to this type of borrower and would consider there previous earning history. Now a 2 year average of […]

Freedom 58? How Canadians are shaving thousands off the cost of their mortgage — and you can too http://business.financialpost.com/2014/07/21/canada_mortgage-saving/ The Angela Calla Mortgage Team is here to help you have the lowest cost of home ownership throughout the duration of your mortgage. Contact us directly to help you at 604-802-3983 or callateam@dominionlending.ca

Guess what women seniors worry about most? TORONTO, July 22, 2014 /CNW/ – Although retirement is meant to be a time to enjoy friends and family it’s finances that typically derail what can be a special time – especially for women seniors. http://www.newswire.ca/en/story/1389906/guess-what-women-seniors-worry-about-most The Angela Calla Mortgage Team can help you with the information to […]

Surrey tops a list of B.C.’s best cities for real estate investment for the fourth year in a row, but two new cities cracked the top 10 because of better commutes. Surrey’s No. 1 spot on the Real Estate Investment Network (REIN) list was no shock with the city’s continued population explosion Pitt Meadows & […]

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 […]