Credit key when house hunting
Make sure your score is in order before you set out to find a new home
Winter can seem like an eternity. Yet when it comes to your credit profile, house-hunting and the spring real estate season is just around the corner."Warm weather will bring an increase in homes on the market and buyers shopping, so it pays to take steps to make sure your credit profile is ...
Federal budget 2013: 6 key features of the budget
The Conservatives’ 2013 federal budget includes a job training grant, the elimination of CIDA, help for manufacturers and tariff cuts on sports equipment. Here are the key highlights.
Spending restraint
Finance Minister Jim Flaherty proudly noted the budget “contains the smallest increase in discretionary spending in nearly 20 years.” He also ...
New TFSA Contribution Limit for 2013
In 2013, eligible Canadians will have the opportunity to increase their contribution into a Tax-Free Savings Account (TFSA). Investing in a TFSA allows you to grow your investments tax free by holding many of the same types of investments as in a Registered Retirement Savings Plan (RRSP). The maximum annual contribution for 2013 is $5,500[1]. In addi ...
B.C. Assessment Appeals Reminder
The B.C. Assessment Authority has now completed its
2012 Assessment Roll for all properties in British Columbia.
Individual Tax Notices have also been mailed out
to individual home owners.
The deadline to file an appeal with BC Assessment is January 31, 2013.
Why is the Self Employed Borrower fixated on Rate?
Let's face it, everyone wants the lowest rate possible for their mortgage. However, is the lowest rate always worthwhile? Let's take a look at an example:
Bob Smith is a Business owner in Vancouver. He has a modest business that is experiencing growth year after year. Bob enjoys the many perks of being a business owner, especially the ...
What exactly is a Vendor Take-Back (VTB)?
This is when a seller offers to lend the buyer funds in order to help facilitate the purchase of the property. The VTB is a legally binding agreement that will represent a secondary lien on the property. The term, rate, payments and fees are all negotiated by the Seller and the Buyer (with help from their real estate agents and lawyers of course). ...
As your Broker I am able to help you when the banks can’t
No more 'BANK' Competition!
I know the 'nonprime' solutions that are available, I am the true mortgage expert when the bank says no.
As your broker - I am creative!
I structure the deal with a true common sense approach. I know what it means to use a Vendor Take Back to save the deal, or perhaps an inter-alia mortgage when the LTV may ...
“Our first clue – the overnight lending rate in the U.S. would remain the same until 2014. The second clue was the most recent changes to mortgage rules here in Canada.”
BLAIR GABLE/REUTERS
On Tuesday, the Bank of Canada made no adjustment to the overnight rate. No increase and no decrease. ...