Book a Mortgage Review
The Bank of Canada is expected to announce its largest increase next week. Here is how I can help: 1) Secure a 120 Day Rate Hold - If you are looking to make a purchase OR your mortgage is renewing before November, reach out ASAP, and let’s get you locked in at...
How falling home prices are leading to growing appraisal gaps
With national home prices on the decline, some homebuyers are seeing appraisals come in lower than their purchase price, and that’s leaving many scrambling to come up with ways to close the gap. Jim Tourloukis, president of Verico Advent Mortgage Services, knows at...
The cost of using a Mortgage Broker
Mortgage Professionals work for YOU, not the bank. Therefore, we work in your best interest. From the first consultation to the signing of your mortgage, a broker's services are free to the client. There may be a fee for those with the most challenging of credit...
Don’t fall for this Mortgage Myth
Are you under the impression that the bank, the place where you hold your hard-earned money will provide you with the best rate available? MAYBE. Banks typically profit from those who shop the least. Most financial institutions offer their ”posted rates” first, which...
Open vs closed mortgage
An open mortgage is one with flexible options to increase your mortgage repayments, either by increasing your regular payments or via a lump sum. A closed mortgage, on the other hand, will penalize you for paying off all or part of your mortgage early. While...
The benefits of reverse mortgages for Canadians wishing to age in place
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality. Of those aged 45 years and older, an overwhelming 95% of Canadians said being...
How much can you afford?
Budget is key when purchasing a home. Need help determining what you can afford? I'd be happy to help you assess your budget and find you a home that fits your lifestyle. Let’s chat and see how I can help you today! 📱250-869-7025 #mortgagebroker...
Home prices continued to fall in April
The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March. Home sales came in at 54,894, a 25.7% decline from last month, but was still the third-highest April sales figure ever behind 2021 and 2016,...
Canadian Inflation Shows No Signs Of Abating Click the title for the link to the original article. Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by...
How to pay off your mortgage faster!
Want to pay off your Mortgage Faster? If you're currently on a Monthly payment frequency (12 Mortgage Payments), a switch to accelerated bi-weekly payments will get you the equivalent to 13 payments within a year! Accelerated Bi-weekly Payments takes your Monthly...
Book a Mortgage Review
The Bank of Canada is expected to announce its largest increase next week. Here is how I can help: 1) Secure a 120 Day Rate Hold - If you are looking to make a purchase OR your mortgage is renewing before November, reach out ASAP, and let’s get you locked in at...
How falling home prices are leading to growing appraisal gaps
With national home prices on the decline, some homebuyers are seeing appraisals come in lower than their purchase price, and that’s leaving many scrambling to come up with ways to close the gap. Jim Tourloukis, president of Verico Advent Mortgage Services, knows at...
The cost of using a Mortgage Broker
Mortgage Professionals work for YOU, not the bank. Therefore, we work in your best interest. From the first consultation to the signing of your mortgage, a broker's services are free to the client. There may be a fee for those with the most challenging of credit...
Don’t fall for this Mortgage Myth
Are you under the impression that the bank, the place where you hold your hard-earned money will provide you with the best rate available? MAYBE. Banks typically profit from those who shop the least. Most financial institutions offer their ”posted rates” first, which...
Open vs closed mortgage
An open mortgage is one with flexible options to increase your mortgage repayments, either by increasing your regular payments or via a lump sum. A closed mortgage, on the other hand, will penalize you for paying off all or part of your mortgage early. While...
The benefits of reverse mortgages for Canadians wishing to age in place
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality. Of those aged 45 years and older, an overwhelming 95% of Canadians said being...
How much can you afford?
Budget is key when purchasing a home. Need help determining what you can afford? I'd be happy to help you assess your budget and find you a home that fits your lifestyle. Let’s chat and see how I can help you today! 📱250-869-7025 #mortgagebroker...
Home prices continued to fall in April
The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March. Home sales came in at 54,894, a 25.7% decline from last month, but was still the third-highest April sales figure ever behind 2021 and 2016,...
Canadian Inflation Shows No Signs Of Abating Click the title for the link to the original article. Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by...
How to pay off your mortgage faster!
Want to pay off your Mortgage Faster? If you're currently on a Monthly payment frequency (12 Mortgage Payments), a switch to accelerated bi-weekly payments will get you the equivalent to 13 payments within a year! Accelerated Bi-weekly Payments takes your Monthly...