Fixed, Variable, HELOC, or all of the above?
Key Characteristics of fixed rate mortgages…Current Rate Range (as of Feb 5, 2021): 1.49% to 1.79%Distinguishing Characteristics:mortgage break penalties are the greater of 3 months interest or interest rate differential (IRD). And with that being said, your mortgage penalty figure can deviate back
Don't forget about the Closing Costs!
Imagine running a marathon and you are 50 strides away from completing the race. But suddenly, a race official appears out of nowhere and moves the finish line another 500 meters ahead. This is what closing costs verification feels like...the applicant has just recently (painstakingly) satisfied t
Construction Draw Mortgages
The dream to build your own home is alive and well, especially in Vancouver! Take a drive down any street in one of (metro) Vancouver's neighbourhoods and you'll see several projects on the go. This week I want to write about the mortgages that finance these incredible projects and what it takes t
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