Author: Dan

People are dependant on credit more and more these days, and therefore, your credit report, and thus your credit rating, has become important in your daily life. Your credit rating will affect all aspects of your financial activities when it comes to you borrowing money....

Many lenders (majority of the big banks) are moving towards collateral charge mortgages. Therefore it’s important to understand the differences between a collateral and a standard charge mortgage. A collateral charge mortgage registers the mortgage for a larger amount than required at closing. For example, it could be registered up to...

With interest rates as low as they are, now is a great time to invest in revenue properties. Consider starting to buildi your revenue property portfolio or add to your existing list of properties. Make sure you're working with a mortgage professional that's an expert in this niche, and will provide...

Good ol Pre-approvals. This term is thrown around in our industry quite often, and many believe that this gives them the right to go out and start making "subject free" offers with confidence. I assure you that this is not something anyone should do without consulting with...

Did you know that the average homeowner saves about $600.00 by applying for the home owners grant? On the bottom of your property tax bill which you should have received in the mail by now, you'll notice a section called “Home Owner Grant Application”.  Remember to fill...

Refinancing to pay off debt This article is catered towards current home owners that may be considering refinancing their mortgage in order to free up some money to pay off  high-interest credit cards or line of credit debt. Many find it advantageous refinancing their mortgage in order to pay off...

What to expect at Closing Congratulations! Your financing is approved, and all conditions of your offer to purchase have been completed. You next step is to meet with your Notary or Lawyer to complete the transaction. Expect a call from your notary/lawyer two to three WEEKS prior to...

Well aren't they lucky. Mortgage interest is automatically tax deductible for US home owners. Unfortunately, in Canada, it's not so easy. In order to make your mortgage interest tax deductible, Canadian homeowners must prove that their money is being reinvested, and not being used for personal...

With the current state of BC's real estate market, many potential buyers are being forced to write subject free offers. It's extremely risky, but a strategy that can give you the upper hand against all other offers. A great article was written by my friend, and fellow...

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