Secured Lines of Credit

Have you considered accessing your equity to do a home renovation or make an investment but, you are not certain of the exact amount of cash you need? Consider a secured line of credit which will allow you to access your equity but allow you to pay interest on only what you borrow. Line of credit rates are low at just 3.5% or Prime plus 0.5%.

That was AWESOME!

If you know me even a little bit you will know that I am a BIG Saskatchewan Roughriders fan. So this week has been pretty great as my favorite team took home the Grey Cup on home turf. To my many clients and friends in Saskatchewan, THAT WAS AWESOME!!!!! And now back to mortgage news. Not many changes to fixed rates and we have seen some lenders come back into the pre-approval market. Self-employment programs are also popping up and, although lending is tighter than ever, deals are still getting done and people are buying homes all over the place. If you are looking for mortgage advice, please remember that my services are free. I'm always here to help!

Have you been denied?

Have you been denied financing to buy a home in the past? Perhaps you work for yourself, have been bankrupt, have unverifiable income or had credit challenges. There are many lenders who specialize in working with clients in transition and I can help to arrange reasonable and fair financing for almost every situation. If the bank has told you "no", call me to find you a "yes".

Step by Step

There seems to be a push to get into a home before the end of the year as first time home buyers are leaping on housing deals across the Lower Mainland. A recent survey by the Canadian Association of Accredited Mortgage Professionals found that more and more people are using mortgage brokers. In fact, the broker share of the mortgage industry increased from 25% to 28% since last year. The survey also found that Canadians are feeling more confident in the housing market and that over 80% of those surveyed had at more than 25% equity in their homes. CAAMP found that of all the new homes purchased in the past year, 57% of them were bought by first time home buyers. In the past year, 38% of mortgage-holders worked to put extra payments on their mortgage and reduce their principal and amortization. If you are dreaming about a home of your own and you are not sure where to start, please contact me. I can offer you a step by step guide to home ownership!