The latest News and Updates in the world of Mortgages
If you’re hoping to buy a condo or a townhome, it’s important to understand the strata and what it entails. In this blog post, I’ll cover everything you need to know about buying a property with a strata. From what strata fees are, what documents look like, subjects including stratas and how they are paid. Once you finish reading this, …
Have you ever typed “What Mortgage Can I Afford in BC” into Google? A lot of people have, which is why I’m writing this post. I know how much the world, housing prices and the mortgage approval process have changed over the years. Since I became a broker, over 10 years ago, everything has changed! In this blog, I’ll discuss …
Subjects, when it comes to home buying, are something that’s really important to understand. In this blog, I will go through everything you need to know about subjects, subject removal, doing a “subject-free” offer and buying a home subject to selling your own. Let’s just jump right into the subject at hand. What is a subject? The first question …
Buying a property is considered a good investment if you can afford it. But for some, having a mortgage loan to pay off over 25 years can seem like too long. With this, you may be wondering whether or not you should pay off your mortgage early. In this article, I discuss what happens when you pay off your mortgage …
Are you looking for a mortgage, but aren’t sure the difference between uninsured mortgages or an insured mortgage? Well, you’re in luck, because this blog post will give you all of the information. I will chat through insured vs uninsured mortgages, who the insurance protects and how it’s different from home insurance. Insured vs uninsured mortgages. When you receive …
As a first-time home buyer, you are probably interested in knowing how you can use your RRSPs to pay for your home. Well, I am here to tell you! In this blog post, I’ll share all the details on RRSPs and how to access those funds. Let’s jump right in. First time home buyers plan. If you’re a Canadian, …
Receiving a financial gift is a fantastic way to help secure a down payment. But, there are some important steps to follow. In this blog, I’ll go through everything you need to know about gift letters in Canada in 2022. Let’s get started! What is a gift? A gift is an amount of money that is gifted to you …
Qualifying for a mortgage in Kelowna is possible and within reach for you. When it comes to qualifying, finding a mortgage broker near you and securing your perfect home, I’m here to help! In this blog, I’ll go over some frequently asked questions (FAQs) about qualifying for a mortgage in Kelowna. 1. Where can a down payment come from? …
Did you know that you can purchase a second home within your same city and outside of it? Your second home may also be a vacation property or a property for a family member who cannot qualify currently themselves. In this blog post, we’ll go over both scenarios and explain how it may work for you and your situation. Buying …
If you’ve spoken to your bank or a mortgage broker, you’ve probably heard the term “conventional mortgage”. It may honestly feel a little daunting speaking to a professional and not fully understanding the different types of mortgages and what everything means. I’m here for you! In today’s blog, I’ll be sharing the advantages of going with a conventional mortgage. Conventional …
