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5 Mistakes First Time Home Buyers Should Avoid

5 Mistakes First Time Home Buyers Should Avoid Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Bu...
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First Time Home Buyers Incentive Program

First Time Home Buyers Incentive Program The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give ...
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4 Ways to Make the Mortgage Process Smoother

4 Ways to Make the Mortgage Process Smoother Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take whe...
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Stress Test Rate & Recent Decrease

Stress Test Rate & Recent Decrease Currently, all borrowers in Canada need to qualify for a new mortgage at the current Bank of Canada Benchmark Qualifying Rate or at their approved mortgage interest rate plus 2.0%, whichever is higher. For more than a year, this Bank of Canada Benchm...
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Mortgages are like coffee

Mortgages are like coffee The most common question we get for mortgages is “what is your best rate?” Now imagine we walked into our local coffee shop and asked “what is your best price?” Doesn’t happen. There are all kinds of different coffees and lots of ways to ...
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20 Terms that Homebuyers Need to Know

20 Terms that Homebuyers Need to Know Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. ...
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Income Qualified

Income Qualified There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary inc...
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Source of Funds

Source of Funds Over the past several years, investigators have been working on an ongoing investigation relating to criminal money laundering in Canada. Looking at B.C. alone, billions of dollars have been laundered through B.C. casinos by criminal organizations and parked in high end B.C. re...
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7 Steps To Buying a Home

7 Steps To Buying a Home It’s important to understand the home buying process, so here’s a 7-step checklist. Step 1: Down Payment The hardest part to buying a home is saving the down payment (a gift from the Bank of Mom & Dad also works). • For purchases under $500,...
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3 “Rules of Lending” – What Banks look at when you apply for a Mortgage

3 “Rules of Lending” – What Banks look at when you apply for a Mortgage Buying a home is usually the biggest purchase most people make and there are a lot of factors to consider. Our job is to provide you with a much information (as you can handle!!) so you make the best deci...
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