The current mortgage rate environment truly is an amazing opportunity for Canadians! It’s interesting to compare today’s mortgage opportunities to the peak of the market in 2008. With a $300,000 mortgage at a 40-year amortization and a 5.79% interest rate in 2008 compared to today’s 3.09% five-year fixed rate at a 25-year amortization means today’s […]

Greater Vancouver housing market favoured buyers in June The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent […]

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home. Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better […]

The Federal Government has announced four new clamp downs on mortgage financing effective Monday, July 9th, 2012. These changes include: Reducing the maximum amortization period to 25 years from 30 years Reducing the maximum amount of equity homeowners can take out of their homes when refinancing to 80% from the current 85% Limiting the availability […]

With new lending changes expected in the weeks to come, it’s best to review your purchase, renewal or refinance options sooner rather than later (in the next two weeks) – especially if you want to ensure your debt and retirement plan is in order and you’re able to optimize your equity with the best possible […]

One thing we can count on in the mortgage industry is change. In learning how to optimize the market to your advantage, it may be wise to get a line of credit today to protect you from having to sell your house before you’re ready. Canada’s banking regulator has stepped in with changes that may […]

The best options when it comes to selecting the right mortgage term will always be different, and can change several times throughout your term. The Angela Calla Mortgage Team will always keep you informed of your very best options in real time. Historically, 88% of the time, the variable-rate mortgage (VRM) has helped borrowers get […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday June 16th 2012. 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: http://rboies.mlslink.mlxchange.com/?r=1213290184&id=363434333136.312 Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: […]

With the demands of our everyday lives, it’s really easy for our credit cards and lines of credit to get out of hand. What we thought we would use “once in a while” or “just until the next paycheque” can sometimes turn into a growing battle. If this sounds familiar, you’re not alone. Statistics say […]

Earlier today, CMHC released the 2012 edition of the “Renovation and Home Purchase Report”.  The report provides insight into consumer home buying and home renovation intentions in 2012 and trends from 2011.   This year, the report highlights that: An estimated 1.7 million households in 10 major centres undertook renovations in 2011. This represents about […]