The Rate Debate.

General William Douglas 11 May

One of the first questions that potential buyers want answered is: “What is your interest rate?” It is easy to think that this is the most important question, but there is a lot more to your mortgage contract than just the rate. And so, the rate debate continues! The rate debate is a hot topic […]

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Understanding Your Mortgage Rate.

General William Douglas 2 May

When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will not only prepare you […]

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Fixed v Variable

General William Douglas 7 Apr

How to take advantage of low variable rates without the risk The current interest rate climate is difficult to navigate for a number of reasons, whether you are looking to purchase, re-finance or alter your current mortgage. The reason for this is that current fixed-rate mortgages are roughly 2% higher than variable-rate mortgages. This makes […]

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The Credit Challenge.

General William Douglas 22 Mar

The Credit Challenge. For most people, a credit score isn’t something you spend much time thinking about. Especially if you are someone who is making good money and paying all your bills on time. When you are in that boat, it feels pretty good! But, when you miss a payment or you struggle to pay […]

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Should you be offering over asking price?

General William Douglas 20 Jan

Due to low inventory and high demand for current Real Estate, finding the true Market Value of a property can be difficult. More often than not there are multiple offers occurring on each property with buyers being pushed to their maximum comfort levels. Along with being asked to offer above asking price clients are also […]

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Budgeting for the Holidays.

General William Douglas 14 Dec

Be mindful with money this season! Along with holiday joy come holiday bills, to avoid a sleigh-size tab, plan ahead to save money and maximize the payoff. BE THRIFTY Start early and keep an eye out for special sales. Many retailers have Black Friday and Cyber Monday deals to help you get a jumpstart on […]

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10 Mortgage Mistakes.

General William Douglas 2 Dec

Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and are simply waiting to close, there are still some things to keep in mind to ensure your efforts are successful. Many homeowners believe that if you have […]

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How to get a Mortgage Approval

Mortgage Tips William Douglas 4 Mar

What do lenders require? 1.) Income – all lenders will require some form of stable income that proves that you can afford the Mortgage Payment required to purchase the property. Income can come from many different sources, salaried, self-employed, pension, stated, child tax, child support to name a few. Keep in mind many lenders have […]

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What is a Secondary Unit?

General William Douglas 27 Jan

Properties with a ‘Second Unit’ Have a look through many MLS listings and you will see terms like: “Secondary Suites”, “Basement Apartments”, “Accessory Apartments”, “Granny Flats”, “In-Law Suites”, “Granny Suites” or “Nanny Suites”.    Whether a buyer is looking for a unit for an aging parent to stay nearby or to make some extra money to […]

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WHO PAYS YOUR MORTGAGE BROKER?

General William Douglas 18 Jan

If you’re looking to get a mortgage and considering a mortgage broker, there’s a good chance you’re wondering about how much the service costs. Good news! Clients looking to get a standard residential mortgage pay no fees to the broker. On standard residential mortgages, it’s 100% free for the clients. We’re paid by the bank […]

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