3 Jan, 2023 woman thinking how to prove income as self employed

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.

23 Nov, 2022 woman planning home renovations in vancouver

Are you considering a home renovation in Vancouver BC? Then you might be thinking about how to finance it and the key things you should keep in mind. First, you should start by evaluating your current financial situation and figure out how much you can afford to put toward the renovation. If you have equity in your home, you may be able to finance the project with a home equity loan or line of credit. Another option is to take out a personal loan from a bank or credit union.

16 Dec, 2021 how to buy someone out of a house

How you choose to approach the issue of buying someone out of a house depends on the complexity of your relationship. One usual solution for many parties terminating their relationship is completing a buyout.
So how do you buy someone out of a house? Are married couples facing more red tape than common-law couples? How do you decide who stays and who goes?

1 Dec, 2021 couple getting a high ratio mortgage

What is a high ratio mortgage, and what do you need to know about it?

Is a high mortgage ratio worth getting into, or is it best to stick to other mortgage options? Should I have a longer or a shorter amortization period…?

While all this can sound like complicated money-talk, it’s actually quite straightforward to understand, regardless of your experience in buying homes — or applying for mortgages.

In this article, we’ll talk about high ratio mortgages and their implications, while also breaking down this seemingly inaccessible mortgage jargon.

6 Sep, 2021 man looking to claim his income tax arrears

Discover everything you ever wanted to know about income tax arrears and how to claim yours by reading this blog.

When it comes to payments and taxes, everyone knows a little, but no one knows enough. Our life is a collection of financial agreements between us and a third party — that is repeated every year. We receive certain benefits and services, and in exchange, we agree to pay a certain amount of money during a set timeframe.

31 Aug, 2021 filing a consumer proposal in bc

Unique financial situations come into play for many people and choosing a consumer proposal is something that some Canadians turn to when debts and other bills put them at risk of loosing their home. I have personally witnessed clients that have had great success going through these debt consolidation programs. But there are things to be aware of and debt owed to the same institution that holds your mortgage is something you should take great consideration prior to including this into your restructuring.

5 Aug, 2021 hard money lenders in bc

A hard money lender can mean different things to different people. In BC real estate this refers to individuals or companies like a (MIC. Mortgage Investment Corporations) that lends mortgages outside the banks strict lending guidelines. In the mortgage industry we refer to hard money lenders as private mortgage lenders or home equity lenders.

7 Jul, 2021 no credit check loans

Getting approved for loans in Canada with no credit check sounds a bit far-fetched. That is until you google it and find out how easy it really is!

Maybe you are in need of some quick cash due to some unexpected expense. It could be a medical emergency, a vital appliance repair, or the family car that finally broke down. Or perhaps you’re just a bit short on cash and trying to stay on top of your bills to avoid paying a hefty fine.