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Title Insurance BC

By | Blog, Uncategorized | No Comments

British Columbia works on the modified Torrens land title system that “guarantees” your title. It is questionably one of the best systems for land registration. This system is very accurate in determining who the owner is and what registered charges are against the property. The province assurance fund also pays financial compensation in appropriate cases where the possibility of lose of title through fraud occurs.

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calculating mortgage renewal rates

Mortgage Renewal Rates & Tips In 2021

By | Blog, Mortgage Solutions | No Comments

Despite the ongoing pandemic, the vaccination progress and overall stable medical statistics have created optimism regarding Canada’s economy. And the real estate market is not the exception! More so when talking about mortgage renewal rates.

So, how does this affect Canadian homeowners about to renew their mortgage agreement with a federally regulated financial institution?

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paying a consumer proposal with a mortgage

Using Your Mortgage To Pay Out a Consumer Proposal In BC

By | Blog, Debt Consolidation, Home Equity Loan, How To.... | No Comments

Usually, when people file a consumer proposal, it is to assist them with debt consolidation by restructuring it all into one manageable payment. Once they’ve done this, homeowners usually see significant cash flow relief but still have this monthly bill looming over them.

If you are living in British Columbia and are looking for debt load relief by paying out your consumer proposal early, then keep reading!

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strata property in bc

Depreciation Reports In BC – Should You Buy Strata Property Without One?

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The purpose of a depreciation report is to give a standard to follow to all strata and strata companies in BC. This helps condo purchasers and mortgage lenders have a clearer view of the building’s health and the common property associated with it.

In this article, we’ll discuss whether or not depreciation reports are mandatory in British Columbia for purchasing a strata property.

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line of credit vs mortgage for house renovations

Home Equity Line Of Credit vs Mortgage: How To Choose

By | Blog, Debt Consolidation, Home Equity Loan, How To.... | No Comments

Choosing between a line of credit vs a mortgage is simple once you understand how each one of them works. In this post, we’ll explain the differences between the two most popular home equity loans homeowners can choose from, so you can make an informed decision.

We hope this article will help clarify any questions you might have and give you a roundup on the basics of home equity lines of credit vs mortgages.

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how to get approved for a home loan

How To Get Pre-Approved For a Home Loan

By | Blog, Home Equity Loan, Mortgage Solutions, Private Mortgage Lender | No Comments

If you’re wondering how to get pre-approved for a home loan, you’re in luck, because it’s a pretty simple process. On the other hand, determining what type of home loan you are trying to get approved for takes some expertise. First, we must first figure out what type of lender will you qualify under. Most applications for a home loan start with a bank or credit union, but what if your application doesn’t fit under these strict guidelines?

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Consumer Proposal Mortgage Broker

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One of my favorite challenges being a mortgage broker is to work alongside a client who has already been told no. Either by their banks or another mortgage specialist. A file that comes to mind is a client that resides in Surrey who was informed by his primary bank that because he was 7 months out of a Consumer Proposal, they would not be able to support him with any type of mortgage products.

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