Vancouver, with its stunning natural beauty, vibrant cultural scene, and thriving economy, is a highly desirable destination for those seeking a new home. However, relocating to a new city, especially one as dynamic as Vancouver, requires careful planning and preparation. This guide will provide you with the essential information and resources you need to navigate […]

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 […]

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 […]

Courtesy First National Financial L.P.

Source: First National Financial L.P.

Source: First National Financial L.P.

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, […]

Source: First National Financial L.P.