8 Things to Be Aware of When Buying a Second Home

familylendingAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Investment Property, Mortgage Down Payment, MortgageCanadaCalculator, Refinancing my Property, Residential Mortgages

You can afford a second home, let us show you how! Now that low interest Canadian mortgage rates are readily available, it seems like the perfect time to invest in a second home. Here’s what you should know before purchasing a second property. Things to Learn Before Buying a Second Home 1) Do your research. You will need to resist … Read More

What to Know Before You Get an Investment Property Mortgage

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Residential Mortgages

Investing in property has long been a great way to diversify your portfolio and improve your long term returns. Unfortunately, recent rule changes have changed the playing field for many potential real estate investors. While buyers used to be able to purchase an investment property with very little down and still receive a great rate, current hiccups in the market … Read More

Get a Better Rate: Five Questions to Ask Your Broker

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Mortgage News, Mortgage Term, Mortgage Types, Refinancing my Property, Residential Mortgages

Mortgage brokers are expected to be honest when it comes to providing their customers with financial advice. It’s their job, after all, to find you the best possible rate based on your unique financial situation. But, as with any other position of authority, there are always a few bad apples in the bunch. If you’re shopping for a mortgage rate, … Read More

Why a Bank Mortgage Might Not Make Cents

EditorAbout Mortgage Brokers, FamilyLending.ca, First Time Home Owner, General Interest, Mortgage Term, Mortgage Types, Refinancing my Property, Residential Mortgages

It’s no secret that the banking industry operates in a regulatory environment. Bankers and advisors are required to adhere to strict rules and restrictions… except when it comes to mortgages. According to Samantha Gale, a former mortgage regulator with B.C.’s Financial Institutions Commission and chief executive officier of the Mortgage Brokers Association of British Columbia, individual bank mortgage reps, unlike … Read More

Listing This Spring? Sounds Like You Could Use a CMA

EditorAbout Mortgage Brokers, FamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Housing Costs, Investment Property, Residential Mortgages

Thinking about listing your property this spring? Then now’s the time to request a comparative market analysis¬†(CMA) from your real estate agent. A CMA is an evaluation of listings and sale prices of similar houses in your neighbourhood. Similar to an appraisal in that it provides sellers with an estimate of their home’s market value, a CMA can help you … Read More