Mark and Sarah were a fairly typical couple when we met them 5 years ago. He worked in the trades, while she was in customer service, both with full time hours and a steady household income. They were moving from a condo to a family home, and everything went smoothly through their mortgage process.
Jun 04 2019
May 08 2019
Balance Risk, Return, and Rental Properties
When we originally met Stuart and Evelyn, they were looking for help to buy their first home, which included a suite they could rent as a mortgage helper. They had managed to save quite a large down payment, and so only needed a low loan-to-value mortgage to complete their purchase. Stuart and Evelyn were happy when we secured them a 5-year variable mortgage that offered an amazing starting rate. As with all of our variable mortgage clients, we promised to stay in touch if the prime interest rate rose at a faster pace than fixed mortgage rates.
Feb 07 2019
Your Mortgage Should Be Part Of Your Overall Financial Plan
Jan 03 2019
How Julie & Mark Went From Consumer Proposal to 'A' Mortgage Rates
When we first met Julie and Mark, they were just a few months out of a Consumer Proposal and hoping to buy a home. When it comes to a Consumer Proposal or Bankruptcy, in order to borrow money a lender generally likes you to be at least 1 year past the end of the Proposal with 2 years of re-established credit. There can be some flexibility based on the loan-to-value (LTV) of your mortgage, so our team went to work finding a solution.
Nov 08 2018
Unfortunately, sometimes "happily ever after" doesn't last forever. We originally met Veronica and Tom through one of our realtor partners, with whom they were shopping for their first family home. They found a property they loved with a suite as a mortgage helper and put in an offer. Our team secured them a mortgage with a monoline lender that would allow them to meet their financial goals as their family matured.
Nov 07 2018
Heightened levels of seismic activity off Canada's West Coast over the past few months – and a series of earthquakes last week – comes as an important reminder to homeowners and tenants of how vital it is to have earthquake insurance to protect your largest investment and the contents inside.
Oct 12 2018
A common way to get on the property ladder is for mom & dad to help out with a first property purchase. This can take many forms, from a gift of funds for the down payment to co-signing on the mortgage. In Sheila's case, her parents had bought a condo unit for Sheila to live in while she was attending school.