News

New mortgage rules 2018 “Stress Test” and how it affects your borrowing capability

New mortgage rules 2018 “Stress Test” and how it affects your borrowing capability

What does all this mean to borrowers? Many of the changes that are coming in January 2018 have already been implemented with insured mortgage back in Oct 2017.  The new guidelines are not affecting borrowers who are putting less than 20% down (these are insured mortgages), the rule changes will affect those who are putting […]

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Refinancing Plus Improvements

Refinancing Plus Improvements

We recently told you how refinancing your mortgage can help you find the money needed to make home upgrades, implement new energy saving products or redesign completely. Yet still, you may have been led to believe that you cannot refinance because you purchased at a time that gave you fewer options to gain equity.   […]

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Home Renovations ARE in your Budget

Home Renovations ARE in your Budget

There are many reasons for home renovations, all of which can either make or save you money in the long-run.  With our refinancing options you can increase your home’s resale value and decrease ongoing expenses. There are no excuses to keep putting your renovation dreams on hold.   How it Works Refinancing will allow you to pull out equity which can be […]

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December 2015 Real Estate Market Analysis Numbers Are In.

December 2015 Real Estate Market Analysis Numbers Are In.

  Thanks again To Jim Schroeder from Select Marketing for putting together his  monthly analysis and allowing us to share these numbers with all of our clients. The story continues. All market segments remain strong. The inventory numbers are also interesting – in 2013 there was an average of 834 s/f homes on the market […]

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The Spirit Of Giving

The Spirit Of Giving

The spirit of giving can be felt everywhere this time of year. This year especially as we all have watched the global struggles of others increase, we are feeling thankful for all that we have here in Canada. Watching as the refugees de-plane at various Canadian airports with the outpouring of support in true Canadian […]

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It Is More Than Just A Referral!

It Is More Than Just A Referral!

      Referrals are an integral part of any Mortgage Broker’s business. An important part of the service we offer our clients as they come in to set the wheels in motion to solidify a mortgage is the ability to refer them in good faith to one of our referral partners.  Whether it be […]

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Do You Have A Chocolate Covered Mortgage?

Do You Have A Chocolate Covered Mortgage?

I have something shocking to tell you. Ready? Canadian banks are a business like any other. Gasp and shock! This is nothing less than the truth. They are mandated to produce profits and provide their shareholders with a dividend at the end of the year. This is accomplished by charging us service fees and interest […]

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Top Six Questions First Time Home Buyers Ask!

Top Six Questions First Time Home Buyers Ask!

    Buying a home can be an exciting and stressful undertaking at any point in your life.  Being a first time home buyer can be especially exciting and that much more stressful.  Buying a home for the first time has the added stress of the unknowns and not knowing what to expect. Harmony Mortgage […]

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Coming Out On Top – In a Multiple Offer Situation

Coming Out On Top – In a Multiple Offer Situation

Whether you are a first time buyer, looking at buying a bigger house or downsizing, if you are looking at buying an investment property it is important to be prepared. This spring a sellers’ market is in full swing, which is more noticeable in certain areas of the Lower Mainland. With historically low interest rates, […]

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What Is a “Gifted” Down Payment?

What Is a “Gifted” Down Payment?

              A “Gifted” Down Payment is very common for first time buyers. Essentially, a buyer’s family member (usually very nice, warm and loving parents) will offer up money to go towards the down payment. Often this is done because their son or daughter doesn’t quite have enough funds saved […]

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