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woman discussing why use a mortgage broker

Why Use A Mortgage Broker Instead Of a Bank? 4 Reasons To Help You Decide

By | Mortgage Solutions | No Comments

There are many big decisions to be made in life, and applying for a mortgage loan is certainly one of them. Why use a mortgage broker? Because regardless of age and professional background, getting a mortgage can be daunting. There’s a considerable amount of paperwork involved and quite a bit of stress if you don’t have the best mortgage offers readily available to you.

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couple working with mortgage brokers in bc

Mortgage Brokers In BC, Canada: All You Ever Wanted To Know About (And Didn’t Dare To Ask)

By | Mortgage Solutions | No Comments

If you are in the British Columbia market for a mortgage, you might come across a term that you might not understand very well — “mortgage broker.”

If you’re not sure what a mortgage broker does, you’re not alone. Many people aren’t exactly sure what a mortgage broker does, either. After all, you might think that you only need a lender to give you a mortgage. Right? Well, it’s a little more complicated than that. A mortgage broker can actually help you find a lender and get you the best mortgage rates. They can also guide you through the process of applying for a mortgage.

In this post, we’ll look at what mortgage brokers in BC do, what they offer, and how they can help you get the mortgage you want.

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presale mortgage condos

Mortgage Financing For Presale Condos: Is It Doable?

By | Mortgage Solutions | No Comments

A presale mortgage allows you to purchase a home in the construction phase. You’ll likely have to put down a significant amount of money as a down payment, and the terms of the mortgage will likely be higher than what you’d receive if you got the loan after closing. The benefit of this type of mortgage is that it allows you to purchase a home sooner and at a better price than you would have been able to if you didn’t have this type of loan.

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woman searching for private mortgage lenders for self employed

Self-Employed? Find Traditional Or Private Lenders For Your Mortgage

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

Interested in learning about what private mortgage lenders offer for the self-employed? This article will answer popular questions around self-employment financing and teach you how to get the loan you’re after.

When talking to BFS  — business-for-self — individuals, most of them are unhappy with the many write-offs they receive, which, in turn, lowers their income. 

The discussion often drifts into comparing the taxation rate with the bank’s mortgage rate, but here is the trick; when looking at the whole picture with the goal of saving money, the tax rate should be compared with the interest rate. This is what makes alternative mortgages substantially cheaper.

Taxation is one thing. Interest is another.

Here are a few tips to help you find a mortgage lender, traditional or private while maintaining your status as self-employed. 

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self-employed mortgage qualifications for man planning to buy a house

A Guide To Self-Employed Mortgage Qualifications

By | Blog, Mortgage Solutions, Private Mortgage Lender | No Comments

Meeting all the qualifications required for getting a self-employed mortgage can be challenging but not impossible. Traditionally the bread and butter of B-lenders, the ever-expanding private sector of individual contractors and freelancers have encouraged A-lenders to accept their business too.

However, if you’re self-employed, there are a few things to keep in mind to secure a possible mortgage offer.

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women thinking about mortgages for contractors

Independent Contractor? Quickly Secure a Mortgage Today!

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

Mortgages for contractors have their own set of rules. Here’s how to secure a mortgage if you are an independent contractor in BC, Canada.

Recent surveys show that self — or at least part-time — employees make up for about 15% of all Canadian income earners. They can have a wide range of backgrounds, including administrative, accounting, consulting and so on, and they work for both large and small companies.

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