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 […]

Another woeful tale about big bank mtg penalties  Borrower beware. Understand the penalty clauses in your mortgage contract You can get a low mortgage rate by signing up for a five-year term. But you could be penalized for an early exit if your plans change. http://t.co/EpZEstx4ev The Angela Calla Mortgage Team looks to place your […]

Your credit score is a number   that illustrates your financial health at a specific point in time. It’s also   an indicator of how consistently you pay off your bills and debts. Your credit score is one of the factors lenders consider when   qualifying you for a mortgage. A good credit score, for […]

If you’re thinking of buying   your first home or upgrading to a new one, the inventory of homes on the   market come Spring is definitely plentiful – providing for a great selection   of homes to serve your unique needs. Still, there are also generally more people out looking at   homes in […]

One of the significant advantages of using The Angela Calla Mortgage Team is we place your mortgage with the best lender & insurer upfron tto suit your needs. The private insurers have been wonderful in providing options and more cost effective solutions for borrowers. This period in time is no exception, below has the details […]

Since most couples have a   joint mortgage – one where both names are on the mortgage and title of the   home – when separation or divorce proceedings get underway, many wonder what   will happen with the home. When the marriage comes to an end, there are two obvious   options concerning the […]

Wondering where B.C.’s housing hot spots will be over the next few years? As Surrey residents, the Rajkowskis are living in what experts say is the Lower Mainland’s hottest real-estate market. Communities such as Clayton Heights, Cloverdale and Fleetwood are hot and expected to stay hot in the near future as buyers seek affordable housing […]

Here is a great video that explains not all lenders although there policy seems simular is the same when it comes to calculating the penalty. http://www.theglobeandmail.com/report-on-business/video/dont-get-stuck-in-the-mortgage-penalty-box/article18074696/#dashboard/follows/ The Angela Calla Mortgage Team looks to place your mortgage first provided you qualify with a lender whom does not use posted rates as their gauge. This will save you […]