GETTING THAT DOWNPAYMENT: It might be easier than you think
For many first-time homebuyers, saving the 5 per cent downpayment is one of the big obstacles to home ownership, especially if you’re paying rent, paying down student loans, and trying to live a life....
View ArticleWhat is the Qualifying Rate?
You’re probably aware that there have been many mortgage rule changes over the last several years, and you’re almost certainly affected whether you’re an existing homeowner or first-time buyer. These...
View ArticleBank of Canada increases benchmark rate
As many economists expected, the Bank of Canada announced today that it is increasing the overnight rate .25 per cent, the fourth increase since last summer, given strong economic improvements. The...
View ArticleThis is what the federal budget means for homebuyers
The recent federal budget included Housing Affordability Measures that may be applicable to your situation, now or in the future. There are three key measures intended to help: an incentive for...
View Article100 Heroes Prince George
We are very excited to be participating in 100 Heroes Prince George. This amazing group was put together by Colin Breadner with the concept that 100 people will meet quarterly, hear about the great...
View ArticleThe Lowdown on Downpayments
We get questions about downpayment all the time! So here is the lowdown on how much you need, and how you might get it. How much do you need? Not surprisingly, most Canadian homebuyers purchase a...
View ArticleClosing Cost
It’s important to remember that when you go to purchase an owner occupied home that the minimum down payment is 5%. However the mortgage lender likes to see that you have 1.5% of the purchase price for...
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Mortgage Deferrals + Ten Tips
We hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many are feeling the financial pressures mount as we work together to...
View ArticleBank of Canada Rate Hold
The Bank of Canada (“BOC”) announced today that it is holding its target for the overnight rate at the “effective lower bound” of 0.25%. Cameron Strong, CEO, Invis Mortgage Intelligence notes that...
View ArticleWhat Is A Monoline Lender
We are often asked about monoline lenders – who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one”. So it’s a “one-line”...
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