Licensed vs. Non-licensed Mortgage Broker
Licensed vs. Non-Licensed Mortgage Brokers To work in the mortgage industry and arrange mortgages in Vancouver, BC you may or may not require a license to do so. However, there are several benefits of both being licensed and working with a licensed mortgage broker. Is your mortgage broker, mortgage specialist, or mortgage professional licensed? Contact [...]
Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. [...]
Mortgage Refinance – Basics
Mortgage Refinance Basics A mortgage refinance is the term used to describe the situation when you make a change to your mortgage (e.g. take equity out for investment or for renovations, cancel current mortgage to take advantage of lower interest rates at the time, etc.) prior to the renewal date (i.e. date your term ends). [...]
No Fee Mortgage Switch Or Transfer
Mortgage Switch or Mortgage Transfer A mortgage “switch” or “transfer” is when you move your mortgage from one financial institution to another at the end of your term. A mortgage switch or transfer can be set up and arranged well in advance so that it proceeds smoothly while also providing several benefits. Contact me to [...]
First Time Home Buyers Tax Credit, Are You Eligible?
First Time Home Buyers Tax Credit First Time Home Buyers in Vancouver, BC may be eligible for up to $750 in Federal Tax relief at the end of the year when filing their income tax return with the Home Buyers Tax Credit (HBTC). Applied for as part of your income tax return at the end [...]