Are you curious how the Provincial budget highlights relate to mortgages in Vancouver? Vancouver Mortgage Broker Jessi Johnson shows you.
BREAKING BAD NEWS - Finance minister announces down payment rule changes and they are NOT going to help Canadians.
Roughly every 12 months or around the time of your mortgage term anniversary, we recommend that you complete a mortgage review. While the process on your end is short, we go very deep into ensuring you are optimized on our end. The biggest savings with clients is generally mid-mortgage term and not the interest rate when they start the mortgage.
Fixed or variable, the great debate! Choosing a fixed rate in the current market will earn you a record low rate that will be locked in for a healthy amount of time. Ok, yes this is true over the past 30+ years on average but that doesn’t mean it is the best as of today and certainly doesn’t mean it’s the best for you.
Watch a live presentation at BC Place with Mortgage Broker Jessi Johnson and host Sharad Khare talking about how "not" to buy your first home. First home buyers, please watch!
I've alway found it fascinating how some people can win the lottery more than once while others never win their entire lifetime. Our clients essentially win the lottery on regular basis. Each week we review our clients portfolios and find savings. If you currently have a mortgage greater than $100,000 and have a 10 year mortgage term, well you very well likely just won the lottery.
Foreign investors take a lot of flack in Vancouver and are generally blamed for the rise in home prices in recent years. The unease is completely understandable as the average single-detached home in the Greater Vancouver Area now costs $1.1 million dollars. Within the City of Vancouver itself, the average single-detached house ranges in price from $1.1 million in Vancouver East to $2.6 million in Vancouver West (areas defined by the Greater Vancouver Real Estate Board). Using year-to-date sales as a weight, the average single-detached home across the city of Vancouver now costs upwards of $1.86 million.