Stockpiling on Christmas Items
It’s the new year and the last thing you want to think about now is Christmas, but January happens to be the best time of the entire year to stock up on your supplies for Christmas. Everything “Christmas” goes on sale by retailers big and small. You can easily spend less than half what you…Read More
Are Light Bulbs Burning Unnecessary Energy…And Your Hard Earned Cash?
How many light bulbs do you use in your home in one month? How much do these cost? What about your energy bill; what does that look like? When you think about it, your light bulbs may be burning up unnecessary energy and a lot of your hard earned cash! Replacing your old, incandescent light…Read More
Avoiding Identity Theft While On the Road
If you’re planning a vacation and have heard horror stories about the risks – and consequences – of identity theft, you may be a little feeling a little anxious. Although you’re right to be concerned about identity theft, once you know about some preventative steps you can take before, during, and after your travel, you’ll see that you can have…Read More
The Lowdown on Down Payments
A down payment is the amount you can immediately contribute towards the cost of your home purchase. Since most people do not have enough savings to purchase a home outright, the gap between your down payment and the purchase price of your home is made up with a mortgage loan. Down Payment + Mortgage Loan…Read More
What’s Classified as Income for Mortgage Qualifying Purposes?
What is classified as income for qualifying purposes? Some forms of income that represent revenue to your household may not count as income for qualification purposes. Here are some of the many sources of income and some of the guidelines for using them to qualify for a mortgage. The important thing when it comes to…Read More
Fraser Valley Real Estate Market Update October 2016
The Fraser Valley Real Estate Board recently published the statistics for the Fraser Valley real estate market for October 2016. Sales were up slightly and inventory hit a 10 year low. Sales activity was healthy in October, especially in the townhome and apartment categories. With prices beginning to level-off, it appears that buyers are becoming…Read More
Prime Rate Isn’t Apples to Apples Anymore
In response to recent mortgage qualification changes by the government, the TD Bank announced that it was going to increase the interest rate it charges customers with variable rate mortgages. The changes won’t affect customers with fixed-rate mortgages – nor will they affect other products, such as lines of credit. But customers with variable rate…Read More
Confused by the New Mortgage Qualification Rules?
New housing policies are coming into effect on November 30,2016. Many Canadians are uncertain about how these new policies are going to impact their finances. Will these changes affect you – and, if so, how? In order to help clear cut through some of the confusion, I’ve prepared a simple, three-page fact sheet. You can…Read More
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