General Tim Hill, MBA 5 Oct
What they are, when they take effect, and who they affect. And how to get around them. There has been a lot of talk in the media lately about “Trigger Rates”, but not a lot of information about what they really are. First, we must understand what a Variable Rate Mortgage actually is. VRM vs […]
Read MoreMortgage Tips Tim Hill, MBA 5 Jul
What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for retirees. I’m an 82-year-old widowed woman, and my savings are depleting fast. I feel privileged, as I have the luxury of owning my own two-bedroom, one-bathroom condo. I have two options: to selI and rent a […]
Read MoreGeneral Tim Hill, MBA 6 Apr
As mortgage brokers, we know that homebuyers often enter the mortgage process with confident expectations surrounding the rate they expect to receive, only to be disappointed when they can’t qualify for the best rates. They inevitably always come back with one burning question: why? Why do homebuyers not qualify for the mortgage rate they thought […]
Read MoreGeneral Tim Hill, MBA 1 Mar
Courtesy First National Financial L.P.
Read MoreGeneral Tim Hill, MBA 8 Sep
Source: First National Financial L.P.
Read MoreGeneral Tim Hill, MBA 8 Sep
Source: First National Financial L.P.
Read MoreGeneral Tim Hill, MBA 4 Sep
My wife and I recently considered selling a small condo that we purchased in Montreal some eight years ago. The four-year fixed mortgage we have on the asset is of about $200,000, with an annual interest rate of 3.24 per cent. In retrospect, going with a variable rate would have been a much better choice, […]
Read MoreGeneral Tim Hill, MBA 24 Aug
Source: First National Financial L.P.
Read MoreMortgage Tips Tim Hill, MBA 11 Mar
Brief Interview with North Vancouver Realtor Gary Born Link to Interview
Read MoreGeneral Tim Hill, MBA 15 Nov
Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the penalties you pay come when you back out of your mortgage early – some lenders take a greater toll on your bank balance than others. Big […]
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