Canadians are Feeling the Pinch

General Kristin Woolard 8 Nov

Canadians are Feeling the Pinch It seems anyone I talk to these days is feeling like there is some strange energy going on in the world. With the crazy high inflation, rising interest rates and the war in Europe it seems there is no positive news to be had. And there is a lot of […]

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A Canadian Inflation Update

General Kristin Woolard 19 Aug

Looking for an inflation update? Look no further! DLCs Chief Economist Dr. Sherry Cooper has written a very informative article regarding our current inflation situation. If you have any questions about what this may mean for a home purchase/refinance, do not hesitate to contact one of our many qualified brokers. We are here to help! […]

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Will I qualify at my mortgage maturity?

Mortgage Tips Kristin Woolard 13 Aug

Qualifying at Mortgage Maturity With rates on the rise and many people facing an upcoming maturity date on their existing mortgage there are a few questions that keep popping up. The biggest is whether to break the existing term early to secure rates now before they go up any further. That is a little difficult […]

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Rental Income in Mortgage Qualification

Mortgage Tips Kristin Woolard 20 Jul

Rental Income in Mortgage Qualification Banks are hyper-conservative when considering rental income in mortgage qualification. This is due to possible vacancies and loss of income for possible extended periods. While this is not likely, at least in the BC Lower Mainland, policy is created for lending across Canada and vacancy rates can be much higher […]

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Time are a changin’ – But really for the worse?

Mortgage Tips Kristin Woolard 4 Jul

Times are a changin’ – But really for the worse? All we hear about on the news these days is how dire things are in the world right now. With inflation still on the rise, the war in the Ukraine and the ongoing disruption of the supply chains it feels like all we hear is […]

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How to Save with a Variable Mortgage

General Kristin Woolard 7 Feb

How to Save with a Variable Mortgage. When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends. When it comes to variable versus fixed-rate, it is important to understand […]

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Renting Vs. Buying: What You Need to Know!

Mortgage Tips Kristin Woolard 28 Jan

Renting Vs. Buying: What You Need to Know! When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no […]

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Second Mortgages: What You Need to Know.

General Kristin Woolard 13 Jan

Second Mortgages: What You Need to Know. One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First […]

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Guarantor vs. Co-Applicant

Mortgage Tips Kristin Woolard 21 Apr

  In times of a hot real estate market often family members want to help any way they can to give their loved one an edge. I am regularly asked about whether a direct relative can co-sign to help with qualification. While it’s a wonderful gesture there definitely needs to be careful consideration of the […]

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