In this blog, we’ll dive into the nitty-gritty of prepayment penalties and provide you with the knowledge and tools to navigate them smarter. From understanding the different types of prepayment penalties for breaking a mortgage to learning how to negotiate with your lender, we’ll cover everything you need to know to make an informed decision about your loans.
When life throws expensive projects like home improvements, college tuition, or medical bills, many homeowners turn to a second mortgage to cover their bases. But what is a second mortgage, after all?
A second mortgage is a type of loan that allows homeowners to borrow against the equity in their home, which is the difference between the home’s market value and the outstanding mortgage balance.
In this blog, we’ll give you the inside scoop on securing a second mortgage in British Columbia (BC), Canada, and spill the tea on why working with private lenders might be your best bet. After all, in a world where even homeowners need to hustle, it pays to know your options.
Understanding The Impact Of Your Debt To Income Ratio On Mortgage Approval In BC, Canada
When planning to purchase a home, applying for a mortgage is a significant financial decision. In this case, understanding the factors lenders in Canada consider when evaluating a borrower’s eligibility for a mortgage becomes essential. One such factor is the debt-to-income ratio (DTI).
In this blog, we will delve into the impact of the debt-to-income ratio on mortgage approvals in BC, Canada.
Maximize Your Building Dreams With Construction Mortgages In BC, Canada
Are you considering building a new home or renovating an existing property? If so, construction mortgages can provide you with the financing you need to make your vision a reality.
There’s no denying that the prospect of building your dream home from the ground up can be exhilarating. You have the freedom to choose the perfect piece of land, design every detail of your home, and watch your vision come to life before your eyes.
What Does Canada’s Ban On Foreign Home Buyers Mean For The Future?
As of 1 January 2023, Canada bans foreign home buyers, a move aimed at curbing unproductive foreign ownership and bringing down housing prices across the nation.
The foreign buyer prohibition, which is supposed to expire in 2025, has been met with mixed reactions from people across the country as some favour the move, and of course, others oppose it. This is just one of several housing policies adopted by the government, including a 10-year national housing strategy and new investments for low-income Canadians.
How To Prove Income As Self-Employed – Tips From Your Mortgage Broker In Vancouver
Are you self-employed in BC, Canada and ready to apply for a home loan but don’t know how to prove your income? Keep reading to learn what your lender will need from you.
Does being self-employed make it harder to get a mortgage? Yes, and No. It used to be that the only way to prove your income was through tax returns, but there are now other documents a self-employed person could use as proof of earnings.
Of all the countries in the world, Canada has one of the best reputations. Known as a friendly country that’s inviting and open, inhabited by people who are welcoming and respectful of others’ cultures, here those keen can enjoy and connect with others. As I often get asked if it’s possible to buy a house in Canada as a non-resident, this blog is aimed to answer all your questions around this topic.
Despite high real estate prices, ineffective regulation, and a lack of unbiased info, Canada continues to attract a large volume of real estate deals even following the Covid-19 pandemic. But with so many buyers investing in a wide range of residential, commercial and industrial properties, can Canadian non-residents get a piece of the pie too? In today’s blog we’ll discuss what mortgage options non-resident buyers have in BC’s current housing market.
Understanding Mortgage Arrears: How Private Money Lenders In BC, Canada Can Assist You
If you are a homeowner in British Columbia, Canada, and are experiencing mortgage arrears, you may be wondering about your options. Mortgage arrears refers to an unpaid debt on a loan that has been secured by a property. In the case of mortgages, this means that if you cannot make the payments on your home loan, the lender can foreclosure and apply for an order for sale.
The Divorcee’s Guide To Dealing With a Joint Mortgage After Separation If You Live In BC, Canada
If you’re going through a separation or divorce, you may be wondering what will happen to your mortgage. In BC, Canada, there are a few different options for how to handle your mortgage after separation. We understand that this is a difficult time for you, and we are here to help you through it. Continue reading to learn more about your options.
What Type Of Mortgage Are You Looking For?
- Home Equity Loan
- Stated Income Mortgage
- B-Lenders Mortgage
- Bridge Mortgage
- Private Mortgage Lenders
- Bad Credit Mortgage
- Mortgage For Foreclosure
- Half-Interest Mortgage
- Second Mortgage
- Debt Consolidation
- Private Mortgage Rates
- Non Resident Mortgage
- Spousal Buyout Mortgage
- No Income Mortgage
- Reverse Mortgage
- Construction & Commercial Mortgages
- Mortgage Refinancing
- Mobile Home Mortgage