Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well… not so fast, there are several costs that have […]

I recently met a couple that took out a reverse mortgage to purchase a house in Vancouver, BC. Their daughter was attending University, and was just starting her post-graduate degree. After spending close to $25,000 over 4-years in rent, her parents decided to get into the landlord business! Here’s how the numbers worked out: Clients […]

I recently met a couple that took out a reverse mortgage to purchase a house in Vancouver, BC. Their daughter was attending University, and was just starting her post-graduate degree. After spending close to $25,000 over 4-years in rent, her parents decided to get into the landlord business! Here’s how the numbers worked out: Clients […]

Financial difficulty can happen. Marital breakdown, economic downturn / job loss, health issues are all realty. If I can give one piece of advice it’s this – in the face of financial difficulty the worst thing that a person can do is to go dark on their creditors. In my experience, being 100% upfront and […]

Financial difficulty can happen. Marital breakdown, economic downturn / job loss, health issues are all realty. If I can give one piece of advice it’s this – in the face of financial difficulty the worst thing that a person can do is to go dark on their creditors. In my experience, being 100% upfront and […]

Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you should have talked to me sooner!). Sometimes, however, an accelerated bi-weekly payment option might not be available to you. […]

Most of us know that changing your mortgage payment from monthly, or semi monthly, to an accelerated bi-weekly payment instantly reduces your standard 25 year amortization by 2.58 years with today’s rates. (If you didn’t know that, you should have talked to me sooner!). Sometimes, however, an accelerated bi-weekly payment option might not be available to you. […]

Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. # 5 Flooring Flooring is one of the most important aspects of your house. You will see […]

Looking to increase your homes property value? Here are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment 5-6x what they cost. # 5 Flooring Flooring is one of the most important aspects of your house. You will see […]

What is the maximum mortgage amount one now qualifies for with the rules that came into effect on October 17th? Short answer: LESS. A minimum of 20% less, in fact. But only if you put less than 20% down which would require mortgage insurance. These new rules only impact insured mortgages. Before October 17th, the lenders […]