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Experience That Matters
PRIVATE MORTGAGES – A Lifeline for the economy
17Apr

PRIVATE MORTGAGES – A Lifeline for the economy

Bank, Conventional or Residential mortgages are ideal for a borrower with good income and good credit. Such a borrower is considered an ‘A’ or a prime borrower.

What Is a Second Mortgage in Vancouver?
07Apr

What Is a Second Mortgage in Vancouver?

When you buy a home and let’s say you put 20% down and borrow 80% mortgage. That mortgage is called a first mortgage as it is in the first position on the title of your property.

Stress Test – How does it affect you.
24Feb

Stress Test – How does it affect you.

What goes up must come down! By the same token, what goes down must come up! After almost a decade of warning and keeping the rates same for last 7 years, the Bank of Canada has finally started to hike its Benchmark Interest Rate and as of September 2018, the Bank of Canada’s Benchmark Rate […]

Documents Required For a Mortgage Application
24Feb

Documents Required For a Mortgage Application

What kind of supporting documents does the bank require for a mortgage application? The list of the supporting documents for a mortgage application varies a little bit depending upon what kind of borrower you are. Are you a salaried person? If so, then the list of documents required is pretty standard. But if you are […]

THE MORTGAGE APPROVAL PROCESS
24Feb

THE MORTGAGE APPROVAL PROCESS

How does the mortgage approval process work? Even though each bank or lender has its own requirements, procedures and steps but they all lead to one finding: does the borrower have the ability and the willingness to fulfill his or her obligation. The Application The mortgage approval process starts when the lender receives your signed […]