• mobile: 604-765-8873
"I work for YOU, not the lender"

Blog by Linda M Linfoot

< Previous Next >

Prime Interest Annoucement

April 16th, 2015
Good Morning Yesterday’s announcement left prime lending rate unchanged and remaining at 2.85%
Next announcement is scheduled for – May 27th

http://www.cbc.ca/news/business/bank-of-canada-leaves-rate-unchanged-at-0-75-after-economic-wobble-to-start-2015-1.3033495
Read More

Posted in Mortgage Information

The Bank of Canada Rate Annoucement

March 4th, 2015
The Bank of Canada has opted against a second consecutive interest rate cut today, keeping the key overnight rate steady at 0.75% “Financial conditions in Canada have eased materially since January, in response to the bank’s recent monetary policy action and to global financial developments,” the Bank of Canada said. “This easing is reflected across the yield curve and in a wide range of asse ...
Read More

Posted in Mortgage Information

Collateral Mortgages

February 2nd, 2015
Beware of the Downside of Bank Collateral Mortgages When you shop around for your mortgage, what comes to mind in the preferred features most Canadians desire? Best interest rates, flexible repayment terms, and low payments are at the top of the pile. However the mortgage market has changed dramatically over the last few years with the introduction of the banks using the collateral charge mor ...

Read More

Posted in Mortgage Information

Drop in Prime Lending Rate

January 22nd, 2015
“This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada” Rate Dropped to 3/4 Per Cent The Bank of Canada announced today that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cen ...

Read More

Posted in Mortgage Information

Holding Companies VS Operating Companies

October 23rd, 2014
"Holding” Companies vs. “Operating” Companies Why the Difference Matters to Mortgage Lenders While there may be a number of financial planning reasons for a business to own its real estate in a separate holding company, there is also a lesser known reason; namely, the ease of obtaining mortgage financing. While on the face of it, the scenarios of property held by an operatin ...

Read More

Posted in Mortgage Information

Buying an Income Property

August 10th, 2014
Interested in buying an income property? Owning a rental property can be a profitable investment - but it's not for everyone. It’s important to do the research needed to have a clear understanding of the steps in financing an income property and all the responsibilities that will come with an investment. I’ve provided some information below to help you get started. If ...

Read More

Posted in Mortgage Information

Understanding the Mortgage Process

July 7th, 2014
Please click on this link to provided informatio to help you better understanding the mortgage process when qualifying. This gives details on the mortgage process, understanding why your credit score is important and how it is used in the process, and an explanation on closing costs.
Understanding the Mortgage Process
Read More

Posted in Mortgage Information

Province News Paper - Mortgage Brokers go the extra Mile

March 26th, 2014
Mortgage Brokers go the extra Mile
Read More

Posted in Mortgage Information

Bank of Canada Qualifying Rate

March 7th, 2014
Bank of Canada 5-year benchmark rate (Qualifying Rate) will be decreased to 4.99%. This rate is used for qualifying for a variable rate mortgage, homeline product or any term less than 5 yrs. Great news!!
Read More

Posted in Mortgage Information

Debt Consolidation

January 15th, 2014
Most families today experience a variety of household and personal needs that can turn into a mountain of debt.  Very few realize that debt consolidation can save thousands of dollars per year and actually improve their valuable credit rating.  Homeowners are often paying high rates of interest on credit cards, automobile loans, student loans, or personal loans for ho ...

Read More

Posted in Mortgage Information

< Previous Next >

Real Estate websites for Agents