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May 06
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small house made of jenga blocks sitting on grass

B Lender Mortgage Rates BC Canada

By | Blog, Debt Consolidation, Home Equity Loan, Home Improvement, Mortgage Solutions | No Comments

Mortgage Rates vary from B lender to B lender

B Lender Mortgage Rates BC for a 1 year fixed rates can start as low as major banks 5 year fixed rate. Keep in mind B Lenders do charge a lender fee plus you are responsible for all legal & appraisal costs. There may be additional costs so call for a complete review of your situation.

Why Use B Lender Mortgages 

B Lender Mortgage RatesB Lender mortgages are you next best option if your bank has turned you down due to lower than average credit score or income issues.

What do B Lenders Mortgages do?

B Lender Mortgages are ideal for:

  • Self employed B Lenders mortgages have higher debt servicing ratios than banks
  • New Immigrants to Canada who do not have established credit history yet
  • High home equity but income does not support TDS & GDS ratios for the big banks
  • Lower than average credit scores.
  • Previous bankruptcy 1 day discharged
  • Payout consumer proposals, income tax arrears, property taxes

Best B Lender

“Who is the best B Lender” being a question we get all the time. The answer is not as simple as rate. Each lender has slight differences and choosing is best lender & terms should be left up to your mortgage broker.

B Lender Mortgage RatesWho are B Lenders?

Some of the major B Lenders in BC are:

  • Home Trust
  • MCap
  • Optimum
  • Peoples Trust
  • Xceed Mortgage Corp
  • Equitable Bank
  • Bridgewater Bank

As well as alt products through some smaller credit unions & trust companies

Rates vary from B lender to B lender

B Lender 1 year fixed rates can start as low as major banks 5 year fixed rate. Keep in mind B Lenders do charge a lender fee plus you are responsible for all legal & appraisal costs.

Best B Lender

Who is the best B Lender being a question we get all the time. The answer is not as simple as rate. Each lender has slight differences and choosing is best lender & terms should be left up to your mortgage broker.

B Lender Mortgage RatesWhat cities do B Lender Mortgages go to In BC?

B Lender Mortgages lend typically in major centers in BC.

  • Metro Vancouver
  • Major Cities in the Okanagan
  • Major Cities on Vancouver Island

B Lender turned you down. What Now?

If you do not qualify under a B Lender mortgage your next choice is a Private Mortgage lender. Now if you were looking to refinance your current mortgage and you are not at the end of your term a second mortgage may be a more cost-effective options.

This articular is for information purposes and details in this articular can become outdated with mortgage rule changes. Call us for the latest information.  
Nov 27
0

10 Hilarious Secret Santa Gift Ideas to Share With Friends Amazon.ca

By | Blog, Home Improvement, How To...., Uncategorized | No Comments

Pizzacutter Chopper Motorbike Pizza Cutter $16.29 

Link to Amazon.ca

mortgage loans bc

 

 

 

 

 

 

 

 

 

 

 

Thumbs Up UK 80s Retro Case for iPhone 3GS and 4 – Retail Packaging – Black $13.44

Link to Amazon.ca

 

 

home equity mortgage specialist

 

 

 

 

 

 

 

 

 

 

Handheld Monopod Extendable Selfie Handheld Stick Monopod Pod for Iphone, Samsung, Camera with 1/4 Inch Screw Hole $17.63

Link to Amazon.ca

mortgage broker gag gift

 

 

 

 

 

 

 

 

 

 

 

Big Mouth Toys The Beast Giant Fist Shaped Drink Kooler $17.99

Link to Amazon.ca

borrow money from mortgage broker

 

 

 

 

 

 

 

 

 

 

EZ Drinker Happy Man Funny Set of Bottle Opener, Bottle Stopper and Corkscrew, Red $21.27

Link to Amazon.ca

2014 gift ideas mortgage broker

 

 

 

 

 

 

 

 

 

Thumbs Up I’m A Twat Surprise Mug TWATMUG $19.89

 Link to Amazon.ca

bc mortgage broker gift idea

 

 

 

 

 

 

 

SUCK UK Dead Fred Pen Holder $9.79

 Link to Amazon.ca

Mortgage Corp Gift Ideas

 

 

 

 

 

 

 

 

 

Accoutrements Inflatable Evil Unicorn Horn for Cats $7.96

 Link to Amazon.ca

mask gift mortgage bc

 

 

 

 

 

 

 

 Muncha Libre Cookie Cutters $16.60

Link to Amazon.ca


childern gift idea mortgage vancouver

 

 

 

Chalktrail FA076-2 for Bikes, Blue $21.95

Link to Amazon.ca

 

Please note that Amazon.ca prices change frequently and the prices here may not reflect the current price on Amazon.ca.

Please enjoy these Secret Santa Gift Ideas under $25 dollars I have made up for you to share with your friends and family. Make the holidays more enjoyable by shopping online.

Oct 15
0

Fall Home Maintenance Tips

By | Blog, Home Improvement, How To.... | No Comments

Fall home maintenance tips are important for all home owners and renters. Biggest tip to keep your loved ones safe this winter season is replace the batteries in your smoke detector. Learn some basic tips here to keep your loved ones safe this winter season.

Fall Home Maintenance Tips BCHouse Exterior Caulking Fall Home Maintenance Tips:

 

  • Foundation Cracks
  • Wires Entering Home
  • Windows Seals
  • Door Moldings
  • Door Mailbox

Fall Home Maintenance Tips BCHouse Exterior Fall Home Maintenance Tips:

 

  • Clear roof/gutters/downspouts of debris – (The freeze cycles can have a negative impact on your gutters and spouts of your home.)
  • Setup for driveway maintenance – shovels/salt/snow blower/plow (don’t get caught out on the street preparing your driveway for winter maintenance can keep your automobile safe as well as deliveries to your home on time)
  • Replace door seals to keep cold weather out – (keeping cold air out can significantly reduce heating costs)
  • Prepare Fireplace – (chimneys maintenance is one of the leading causes of house fires. Keep loved ones safe by making sure the chimney is cleaned once a year)
  • Insulate any exterior taps that are not frost free – (when the temperature dips these exterior taps can freeze and crack leading to a big mess and bigger renovation bill.)
  • Clean up the yard – (leafs and other debris can become a slipping hazard in the winter months. Keep liability down by cleaning the yard in fall)
  • Cover your pool – (Nice days come in the winter time. Keep children and pets safe by installing a pool cover or even better a fence.)

Fall Home Maintenance Tips BCHouse Interior Fall Home Maintenance Tips:

 

  • Smoke Detectors – “REPLACE THE BATTARIES” this is one of the most important winter maintenance tips.
  • Check your heating system – Having your heating system checked or cleaned can significantly reduce heating costs and possible point out safety issues that need to be addressed.
  • Prepare for winter power outages – Stock food that does not need cooking, keep battery’s flashlights firs aid kits & cat litter or sand for icy walkways.
  • Install a carbon monoxide detector – Learn more here City Of Vancouver Carbon Monoxide Detectors
  • Holiday Trees – if you plan on having a live tree make sure the watering container is well watered or opt for a artificial tree
  • Candles – Beware of all the possible hazards of having lite candles in your home. Even candles with protected shields can be knocked over by young children or animals.

long term disability iconLearn more about injuries and how accidents can be prevented with help from fall home maintenance tips.

 

 

Jan 02
2

Art Moderne & Flat Top Homes The Lost Era Of Home Building or The Next Big Thing In Renovation’s & Real Estate?

By | Blog, Home Improvement, How To.... | No Comments

Those who know my wife and I know that we love history and nostalgia. From clothing, music, cars all the way to architecture, we are drawn to sights and sounds that have stood the test of time. When moving from Vancouver to the Okanagan we were looking to purchase a flat top or Spanish Adobe style home to renovate.  With the needs of a young family we ended up in a 50s bungalow that we are in the midst of renovating.

Now I have driven around Vancouver, Victoria, New Westminster, Penticton, Oliver, Osoyoos & Kelowna mapping out most of the old Art Moderne Homes in the areas. Most of which, in the Okanagan at least, have fallen into disrepair. We are hoping to purchase a rental property in the next few years and I know on the top of our list would be one of these flat top roof homes.

Funny enough this year for Christmas I received a free brochure from my Mother; Architectural Institute of British Columbia, distributed through the Penticton Art Gallery a Penticton Art Moderne Architectural Walking Tour. This is a free guild to a lot of Penticton’s historic Flat Top homes.  A concern to me is that there is no current protection for these types of historic homes in Penticton. I have seen a few of these gems demolished to make way for Duplex or multi-family homes.

SO WHAT ARE ART MODERNE OR STREAMLINE MODERNE HOMES ?

WHERE DID THEY ORIGINATE?

Art Moderne homes came out of the Art Deco Architecture era emerging in the 1930s. This style emphasized long horizontal lines and sometimes nautical elements. For the most part a lower cost style of building with great architectural impact. Some of the local homes in Penticton like this green one below were built for as little as $800 in 1944.

green house with white pillars

THEN & NOW

It seems fitting that if history repeats itself that this type of architecture would be coming back in style manly a simplistic design with a proven history of style longevity at an affordable construction price.

plaque that says built by works progress administration

The Art Deco era was born out of the Great Depression where a worldwide economic depression occurred after the fall in stock prices that began around 1929 starting the stock market crash later that year.

Now we have the Global Financial Crisis & 2008 Crisis considered the worst financial crisis since the Great Depression of the 1930.

It would seem in our current times fitting to go back to the basics when it comes to banking and for that matter architecture.  This style of home was built using inexpensive materials stripping Art Deco Design of its ornament in favor of pure-line concepts of motion & speed developed from scientific thinking, essentially the basics!

A lot like the theory of the lipstick effect on consumers. We are happier in times of economic crisis to spend less money on high end items in turn for things with greater visual impact like great design or Lipstick.

1900s poster that says red lips kiss my blues away

 

May 01
0

Home Renovations Spring Is Here Lets Renovate & Add Value

By | Blog, Home Improvement | No Comments

Most Canadians have now crawled out of the winter months to find their homes or patio in need of cleaning, repairs, or total renovations. I know the spring bug hits me very hard each year in terms of DIY projects around the house, but none more than outdoor improvements.

beige shed in a backyardLast year I built for my daughter a playhouse/shed. In all reality it turned out to be a little bit more than a common playhouse or shed. With ¾ inch oak floors a Dutch door and plans this year for a patio, I believe I have over built for the neighbourhood as far as playhouse building goes.

Other plans for this year is a greenhouse with an additional shed built into it for more storage due to the fact I am without a garage or carport on the property.  If this isn’t enough I have a few dream projects such as landscaping for the rear of the yard and porch off the front of the house to take in those summertime sunsets that drop down right in front of our home, but for now those two projects are closer to dreams than reality.

head shot of Jeff Di LorenzoNow being a BC Mortgage Professional I am privy to information regarding home renovations that increase the value in your home and ones that will only increase your comfort of living. So many times I have seen people come to me and say Jeff I have totally renovated my kitchen at a cost of $35,000 so my home has surely went up in value $35,000 or more. With the current housing market, the fact is unless your kitchen was in terrible visual shape you probably have not added much value if you were to list and sell it. I see people switching out cabinetry for new cabinetry that is more appealing to them or replacing one colour of granite for a new colour. Now this did work in years past with Vancouver’s red hot real estate market, but for now we are in a bit of a holding pattern. That being said, if this is a home you plan to stay in for a long time then these renovations are truly about pride of ownership and will definitely give you good value for dollar spent.
different angle of beige shed in backyardTake for instance my yard renovations. I need outdoor storage space, so I built a playhouse/shed and plan to build a shed/green house. These two projects cost a fair chunk of money and do take care of needed storage issues but, in terms of an appraisal or, what a Canadian bank or mortgage insurer will deem as value; this will bring nothing.  Lenders will request an appraisal of house and usually up to 5 acres but will not consider outbuildings in value.

That being said I need a carport or garage. If I was to add a standard carport or garage to my property which currently has none this would reflect positively to most appraisals and show an increase in value of my home. As well if I added a deck to my home off the front this too would increase the value of my home.  How much value may vary; here is a neat site that gives average home improvements and the value vs cost. Keep in mind when looking at home improvement projects which ones will add instant value and which ones are for personal comfort.