Mortgage Blog

How do I Qualify for a Mortgage?

How do I Qualify for a Mortgage?

January 9, 2019 | Posted by: Laurie Anne Faulkner

How do I Qualify for a Mortgage? In Canada, if you have good credit, a permenant  income, a minimum down payment of 5% and the property you choose qualifies to the lenders guidelines you are wel ...

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95%  Loan to Value Spousal Seperation Mortgage

95% Loan to Value Spousal Seperation Mortgage

March 30, 2017 | Posted by: Laurie Anne Faulkner

Going through a Separation or Divorce? Your home can be the asset that gives both partners a fresh start. For many separating couples, their home is their most important asset. That’s why see ...

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Property Transfer Tax – British Columbia

Property Transfer Tax – British Columbia

March 22, 2017 | Posted by: Laurie Anne Faulkner

Property Transfer Tax You pay Property Transfer Tax when you purchase or acquire an interest in a property. The tax must be paid when you register changes to a certificate of title with the Land Titl ...

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How Much Is The 1st Time Buyer Property Transfer Tax Rebate?

How Much Is The 1st Time Buyer Property Transfer Tax Rebate?

March 21, 2017 | Posted by: Laurie Anne Faulkner

First Time Buyer Property Tax Rebate Amounts Property Transfer Tax -You pay property transfer tax at the time you register a property at the land title office. The maximum rebate a qualified purch ...

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New CMHC and Genworth Mortgage Loan premiums

New CMHC and Genworth Mortgage Loan premiums

March 17, 2017 | Posted by: Laurie Anne Faulkner

Increase in CMHC and Genworth Mortgage Loan Insurance Premiums MArch 17, 2017 Increase in CMHC and Genworth Mortgage Loan Insurance Premiums Key Facts Mortgage loan insurance helps protect lenders ...

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Home Buying and Closing Costs

Home Buying and Closing Costs

February 22, 2017 | Posted by: Laurie Anne Faulkner

When buying a home, especially upon purchasing your first home you will need to budget for extra expenses that will occur aside from your down payment. Some of the expenses related to buying a home ar ...

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First Time Home Buyers Property Transfer Tax Program Feb 22, 2017

First Time Home Buyers Property Transfer Tax Program Feb 22, 2017

February 22, 2017 | Posted by: Laurie Anne Faulkner

The First Time Home Buyers’ Program is designed to help British Columbians purchase their first home. Under the program, eligible purchasers can claim an exemption from Property Transfer Tax if ...

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Bring your SIN Number to your Closing Appointment in BC or you Can Not Close

Bring your SIN Number to your Closing Appointment in BC or you Can Not Close

September 7, 2016 | Posted by: Laurie Anne Faulkner

SIN Number needed before Lawyers can register your new property at Land Title in BC.  When the BC Liberal government introduced their foreign buyer tax last month they also added a small detail ...

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Working with a Mortgage Broker

Working with a Mortgage Broker

July 3, 2016 | Posted by: Laurie Anne Faulkner

Why Consult a  Mortgage Broker? Using a Mortgage Broker to arrange your financing has a multitude of advantages: Today’s mortgage market offers more choices than ever before, making it ti ...

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New Minimum Downpayment Calculator

New Minimum Downpayment Calculator

March 8, 2016 | Posted by: Laurie Anne Faulkner

On February 15 2016, mortgages insured by CMHC will have new down payment rules. See if your new mortgage will be effected by these changes. What’s the price? We’ll show you if the new do ...

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