The 2022 federal budget announcement could be changing things for homeowners and prospective buyers alike. New measures are in place to address the high prices and the low number of homes available for sale. This trend has seen many prospective buyers priced out of the
Did you know that approximately 50% of Canadians over 60 are finding that most of their savings are tied up in their real estate, yet they don’t have the cash flow they want or need in retirement? One possible solution for this is a Reverse
A home equity line of credit also known as a HELOC is a secured form of credit. The lender uses your home as a guarantee that you’ll pay back the money you borrow. Home equity lines of credit are revolving credit. You can borrow money, pay
Process of purchasing a foreclosed house The original offer for the foreclosed home goes in and is reviewed by the foreclosing company. If the offer is accepted a court date will be set for any additional parties, to put a bid on the property. Once
This past week of sunshine has given us a boost of optimism for what’s to come this summer, especially in the million-dollar home market. The environment in our office has shifted slightly in recent months. Real estate has turned the heat back up with multiple
Divorce – A Few Tips to Guarantee Your Mortgage As mortgage brokers, we decided to write a blog to give you all an easy read of simple options when it comes to financing, whilst going through a Divorce. The two most binding contracts you’ll ever
When it comes to purchasing a former grow-op home, mortgage financing can be tricky. Here are five important facts you should know in advance: Fewer lenders will finance former grow-ops. Credit unions seem to be slightly more lenient when it comes to securing a mortgage,
As Fraser Valley Mortgages Brokers, we’ve decided to give you all an easy read on everything you need to know about B-lenders & Private Mortgages. Most of us are vaguely aware of private mortgages, although B Lender Mortgages & Private Mortgages are the fastest-growing segments
