Blog
The latest on the VRM vs. Fixed Mortgage.....with financial comparisons
2011-03-06 | 14:56:03
I recently prepared a comparison of the two for clients. I compared a 5 year, 3.94% fixed rate to a Prime - 0.70% VRM (2.30%). In the first case I assumed prime would increase by 1/4% every 6 months, and then I prepared another set of...read moreThe Clock is Running Out on 35-year Amortizations
2011-02-20 | 17:00:22
In less than 20 business days, 35-year amortizations and 90% loan-to-value refinances will disappear from the high-ratio insured mortgage market. (See: New Mortgage Rules Now Official.) Well-qualified borrowers will then notice a big jump in...read moreNext Week - Real Estate for Home Owners & Buyers - Vancouver School Board
2011-02-11 | 16:47:17
This is 2 night seminar, next Thursday at John Oliver High School at Fraser & 41st. We have an trusted, experienced realtor, and an enthusiastic home inspector. Yours truly will chat about mortgages including the new mortgage rules,...read moreHousehold Credit Growth In Canada The Slowest In Nearly a Decade: CIBC World Markets Inc.
2011-01-26 | 16:26:21
Further evidence that the media, their doomsayers and our finance department are off the mark and overly negative with respect to the new, misguided mortgage rules. Randy :-) Canadians heed warnings on increased debt by Bank of...read moreReal Estate For Home Owners & Buyers - Vancouver School Board Seminar
2011-01-25 | 11:21:13
A house or apartment purchase may likely be the most important purchase you will make. The mortgage industry is an increasingly complex one, with a myriad of mortgage products available in the marketplace as well as dozens of lenders, many who do not...read moreTop 10 Effects Of The New Mortgage Rules (from mortgagetrends.com)
2011-01-25 | 11:10:12
1. Lower purchase and refinance demand will depress mortgage volumes, sparking greater rate competition as lenders battle for less business2. A small portion of home buyers will sprint to buy homes with a 35-year amortization before March 18,...read morenext »