10 Jun How do you Calculate Property Transfer Tax in British Columbia
Watch the Video below to learn how to calculate Property Transfer Tax for your upcoming purchase and as always message me if you have any further questions. ...
mortgage Tag
10 Jun Is it possible to be approved for a Mortgage if I’m retired
I find quite often a Co-Signor is required when it comes to someone buying their first property, especially here in Vancouver. A question I get asked all the time is "My Dad is willing to Co-Sign, but he's retired. Can he help?" Therefore watch the...
19 Sep Is it all about rate?
Is It All About Rate? Most believe that it is. Many think that obtaining the lowest rate is essential to your real estate investment success. But keep in mind, rate is but one of the four main parts of any residential mortgage offer. Amount, term and amortization period are also critical factors. Each component is related to your...
10 Jul A Brief history of Interest rates
January 1, 2017: OSFI imposed onerous capital requirements on default insurers, thus disadvantaging many bank competitors (and consumers) by jacking up rates substantially on low-ratio insured mortgages. November 30, 2016: New stress test regulations were extended to include insured mortgages with 20% equity or more. It...
08 Jun Worst question ever – What’s your best rate ?!
Securing a mortgage can seem daunting. There are many variables, charges, and procedures that one must go through to secure a loan in order to purchase a property. Heck, just the thought of someone giving you hundreds of thousands of dollars can be overwhelming. Most people's first...
20 Apr Why so many docs?
Banks and Lenders growing concern about fraud has caused lending institutions to make their regulations on documentation for mortgage approval much more strict. At the beginning of the mortgage approval process, your mortgage broker will request documents from you, which show proof of your income, down payment and...
21 Mar But I have a pre-approval?!
The first step to many when looking for a property is to go to their Bank or BROKER, and ask for a pre-approval. A pre-approval lets the buyer know how much he or she would be approved for by a Bank or lender based on their...
13 Mar Why Me?
It's funny anytime you bring up real estate prices with your parents, and they tell you they bought their first home for $150,000 20 years ago. And look at them now. Yes, it's true, homes are expensive, but the silver lining is that mortgage rates are at...
28 Feb Tax relief for First time home buyers
As of February 22nd, 2017 the land transfers tax exception increased its limit from $475,000 to $500,000 for First Time Home Buyers. I'm going to be honest, as much as this makes a great head headline on the front page of The Province, I question it's effectiveness....
21 Feb Turning Coal into your Diamond – Purchase plus improvements
Have you walked through an open house, and seen a property that's almost perfect, but may be in need of an update, or a change before it's the right one for you? Well, let me tell you that you're not alone, and most people I’m sure...