Author: Dan

So what is mortgage insurance? Mortgage insurance is a monthly payment that’s designed to pay off your mortgage if, god forbid, you get injured and can no longer work, or…die. There are multiple forms of mortgage insurance, but lets just talk about the main two. 1. MPP...

      Whether your purchasing your first home, or refinancing your existing mortgage there will be certain document that you will need to collect to complete the mortgage application process. The more prepared you are, the quicker the approval process will be. So lets go over what...

Lets say that your mortgage is coming up for renewal. You speak with a mortgage professional and find out that you can secure a lower rate than your current lender is offering. Therefore, you decide to switch lenders in order to secure a lower interest rate and...

First-Time Home Buyers (FTHB) Tax Credit The costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes, can be a partiular burden for first-time homebuyers who must pay these costs, as well as save money for a down payment. To assist...

Condo 101 So lets start this article by defining what a condo is. A condo refers to a form of legal ownership, as opposed to a style of construction. Although they are commonly thought of as units in high-rise residential buildings, they can also include low-rise residential...

  I'd like to provide you with what I believe will be very helpful for anyone planning on purchasing a home. Here is a Step by Step guide to homebuying. Step 1: Is Homeownership right for you? Take a moment to think through the advantages and disadvanatages of...

  Being a Mortgage Broker has taught me many things, and one of the most important lessons I've discovered is that there’s always something new to learn.  Recently, my colleague Joe Samson, a real estate agent in Calgary interviewed me as well as 34 other Mortgage Experts...

As the overnight rate drops .25%, likely due to the decline in oil prices, all mortgage holders and people looking to get into the market are wondering how that is going to effect the variable and fixed rate. Well, as of today neither the Bank or...

Good Morning, The Bank of Canada lowered their key rate by 0.25% this morning. Good news for variable rate mortgage holders. For the full press release:  http://www.bankofcanada.ca/2015/01/fad-press-release-2015-01-21 Quick summary: This is largely in response to falling oil prices. Signs of economic growth are present both in Canada and globally....

As many homeowners start to recieve their latest home assesments in the mail, many may notice a rapid growth in the value of thier homes. In BC, this is not unusual, but for condo owners, they should be pleasaently surprised as their assesed value is rising...

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