Is your credit score / credit report in cheque? … no pun intended

Posted by Maury Lum on February 19th, 2009 | No Comments

Is your credit score / credit report in cheque? … no pun intended
Here I am highlighting a recent real life example of how confirming your ability to get mortgage financing is always a good thing to do well in advance of beginning your search for a home. My example has to do with one’s credit [...]

Is your mortgage interest rate everything? It depends …

Posted by Maury Lum on February 10th, 2009 | No Comments

Is your mortgage interest rate everything? It depends …
As rates have been for the past few years and still are, very attractive (i.e. low) there can be a tendency to over focus on rate and neglect many of the other also important factors that should be considered when selecting the best mortgage for oneself. The [...]

Vancouver condo pre-sale purchases – Get mortgage early

Posted by Maury Lum on February 5th, 2009 | No Comments

This is a note to those who have entered into contracts to purchase pre-sale properties and are going ahead with them vs. walking away from deposit and hoping not to be chased by the developer.
It is strongly recommended to start the financing process early, before a closing date has been communicated to buyers in that [...]