28 February 2014   Increase in Mortgage Loan Insurance Premiums for Homeowner and 1 – 4 Unit Rental Properties – Effective May 1, 2014   As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its mortgage loan insurance premiums for homeowner and 1- 4 unit rental properties […]

The First Time Home Buyers’ Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. See the direct link from the goverment on this and other grants avaliable at http://www2.gov.bc.ca/gov/topic.page?id=BBD16E2D7C1841A7BBD420E3AC5380F1&title=First+Time+Home+Buyers%27+Program We are always here to to help yo uand those you care most about with the best […]

Our mortgage broker team is looking for an Account Manager to support our continued growth.  Duties/Responsibilities include (not limited to) -diligently executing the following systems and policies -Customer follow up -Administration duties – executing mortgage files from initial inquiry to completion, as well as mortgage management for the life of the mortgage -Handling inquires via […]

PRE-SALES – Should I call my own Realtor? In a word…. YES!! Remember – the sales staff at a sales center and employed by the Developer. Period. They are there to sell product and get the most for the Developer – not for you. Presales are generally less negotiable than traditional Real Estate listings, but that does not […]

Vancouver’s housing sector often does it’s own thing, don’t take your eye off the fundentals. The story from The Vancouver Sun noted below has some of those key considerations. To see if homeownership will work for you, contactthe Angela Calla Mortgage Team at 604-802-3983 callateam@dominionlending.ca http://www.vancouversun.com/business/Barbara+Yaffe+bank+Vancouver+real+estate+bubble+bursting/9478392/story.html

  How do I ensure my credit score enables me to qualify for the best possible rate? There are several things you can do to ensure your credit remains in good standing.Following are five steps you can follow: 1) Pay down credit cards. This is the #1 way to increase your credit score. 2) Limit […]

As a mortgage borrower – particularly if this is your first time embarking upon homeownership – there’s no doubt you have a load of questions related to the mortgage process. Aside from the most common questions, such as those relating to mortgage rate, the maximum mortgage amount you’ll be able to receive, as well as […]

Courtesy of Mortgage Broker News Jan 20th 2014 TD has altered the fine print in its VRM contracts for conventional mortgages – specifically around when a spike in LTV triggers demand for  a lump-sum payment or a new appraisal. Under the terms of the new clause, if, at any time and for any reason, the […]

Whether it’s your first time or your fifth time, shopping for a mortgage can often be confusing and even frustrating. Besides, who really has the time to research and compare mortgage lenders to ensure the best deal? Then there are all those crazy terms and acronyms — beacon scores, LTVs, IRDs and porting – it […]

1 Home Buyers’ Plan Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. Canada Revenue Agency www.cra.gc.ca Enter ‘Home Buyers’ Plan’ in the search box. 1.800.959.8287 […]