Intelligently shopping for a mortgage is nearly impossible.  The terms all appear to be the same, you are bombarded with marketing, and in some cases you’re offered confusing bundle offers that sound amazing.  For years, clients have falsely thought it was all about the best “rate”.  Newsflash!!!  The rate is only a small part of […]

CMHC to Increase Mortgage Insurance Premiums OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant […]

It’s official. The B.C. government has announced a hefty increase for the homes owners grant threshold to match the large increase in property assessments in Metro Vancouver Finance Minister Mike de Jong says the Homeowners Grant is being increased from $1.2-million to $1.6-million, an increase of 33% from last year. See the full story here: http://www.cknw.com/2017/01/09/homeowner-grant-threshold-will-go-up/  […]

  Your Credit Score that the lenders use, not to be mistaken by the Credit Risk Score you see when you check your own credit, is one aspect of determining your borrowing power. The better your score, the length of established credit and your payment history the better when it comes to mortgage financing. Let’s […]

Life can definitely throw some challenging financial situations your way. As independent mortgage professionals, we can provide solutions and strategies during or after these challenging times in order to get you back on track.   We have access to banks, trust companies and mortgage companies that specialize in this transitional period to help you move forward […]

Lender Update December 22, 2016 Subject: BC HOME Partnership Program On December 15, 2016, the BC government announced a new initiative to assist eligible first-time homebuyers. The BC Home Owner Mortgage and Equity (HOME) Partnership program provides repayable loans, to be secured by a second mortgage, up to a maximum 5% (capped at $37,500) of […]

HOW TO GET A MORTGAGE WHILE BEING SELF EMPLOYED IN CANADA There are great advantages to having business for self. There are many extremely successful business owners that live great lifestyles but don’t have to pay for medical, all because they have great tax write-offs that bring their income down to a low tax bracket. […]

Premier Christy Clark and Minister Responsible for Housing, Rich Coleman announced on the 15th of December that the B.C. Home Owner Mortgage and Equity Partnership program will initiate a bold, innovative new program for helping first time home buyers afford the homes they desire. We’ve reached out to our friend Angela Calla, expert mortgage broker and […]

The Angela Calla Mortgage Team saved Margaret of Surrey and her husband $3000.00 per month by restructuring her mortgage at renewal. Her mortgage was up for renewal at the bank where they encouraged her just to renew directly, however it did not address her current life stage of her outside debt including credit cards and […]

Announced today by Premier Christy Clark and Minister Responsible for Housing, Rich Coleman, ‘the B.C. Home Owner Mortgage and Equity Partnership program contributes to the amount first-time homebuyers have already saved for their down payment, providing up to $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and […]