The BC HOME Partnership Program was created for first time home buyers who have good credit and good income but do not meet the requirements for a minimum 5 percent down payment.  With at least 2.5% down payment the BC Home Partnership Program will allow you to purchase your home sooner than waiting to save the full […]

Your Credit Score that the lenders use, not to be mistaken by the Credit Risk Score you see when you check your own credit, is one aspect of determining your borrowing power. The better your score, the length of established credit and your payment history the better when it comes to mortgage financing. Let’s assume […]

Your Credit Score that the lenders use, not to be mistaken by the Credit Risk Score you see when you check your own credit, is one aspect of determining your borrowing power. The better your score, the length of established credit and your payment history the better when it comes to mortgage financing. Let’s assume […]

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? In general, most lenders will offer the borrower the option […]

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? In general, most lenders will offer the borrower the option […]

Because the top secret formula has never been released there are common myths that are floating around about the ones credit score, here are the top 5. 1. TOO MANY CREDIT CARDS WILL HURT MY CREDIT SCORE Actually, cancelling healthy active cards or accounts hurts more as all of the payment history is lost along […]

Because the top secret formula has never been released there are common myths that are floating around about the ones credit score, here are the top 5. 1. TOO MANY CREDIT CARDS WILL HURT MY CREDIT SCORE Actually, cancelling healthy active cards or accounts hurts more as all of the payment history is lost along […]

TOP 5 QUESTIONS TO ASK YOUR MORTGAGE LENDER BEFORE SIGNING ON THE DOTTED LINE 1. How the penalties are calculated if I break my mortgage early? Specifically, ask what rate they use to calculate the “interest rate differential”. Typically, if the lender has “posted rates” they use these to calculate the penalty. If this is […]

TOP 5 QUESTIONS TO ASK YOUR MORTGAGE LENDER BEFORE SIGNING ON THE DOTTED LINE 1. How the penalties are calculated if I break my mortgage early? Specifically, ask what rate they use to calculate the “interest rate differential”. Typically, if the lender has “posted rates” they use these to calculate the penalty. If this is […]

BC Introduces Innovative New Program to Help First-Time Homebuyers In a move to help BC citizens and residents buy their first home, the BC government announced today that it is launching a new program to augment down payments for first-time buyers. The B.C. Home Owner Mortgage and Equity Partnership program contributes to the amount first-time […]