IRD penalties at banks can cost you thousands! Non all mortgages are created equal and this is one massive example to this. This example has all the same information inputted on all their online calculators, which are on the internet. I started out with a mortgage amount of $450k and exactly 3 years in to […]
First Time Mortgage Tips
Accelerated vs Non Accelerated Payments
Here’s some good information, on video, that explains the difference between accelerated and non-accelerated payments. Typically bi-weekly or weekly.
Property Transfer Tax in BC
How much is the property transfer tax in BC and how can I be exempt from it? First Time Buyers, having never held title to a home anywhere in the world, can be exempt from this tax if you purchase for $500k or less. From $500k – $525k there is a partial exemption. If you […]
4 Ways To Make The Process Smoother
Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take when getting a mortgage! Enlisting a trusted broker to work […]
4 Costs to Consider as a First Time Buyer
Oftentimes even the most organized and detail oriented first-time homebuyer can overlook some unexpected costs that come with the purchase of their new home. We are outlining 4 of the costs that we most commonly see overlooked by home buyers in hopes that we can better prepare you—and save you from a few surprises! 1. […]