The writer is a Vancouver mortgage broker in BC. Mortgages with bad credit is a specialty. Mortgage lenders use mortgage brokers to place business with clients.
For the Investor dealing with single-family houses, however, income is not as important because the resell value is based more on market comparables rather than the income it generates. This means that the buying public will evaluate the house you have for sale based on what is currently available in your immediate market. Buyers will compare and contrast your property to many others and will ultimately select the one that best fits their needs.
Their buying decisions will be based on factors such as the property’s location, its condition, the price at which it is being offered, its proximity to major streets and shopping areas, and the quality of schools in the area. In addition, many personal factors affect the buying decision, such as proximity to work, church, and Grandma and Grandpa’s house. Some factors that affect a buyer’s decision-making process fall outside the realm of your control, because not all buyers are searching for the same set of conditions that may compel them to choose one house over another.
Vancouver mortgage insight is provided by Duncan Seward a registered Vancouver mortgage broker with TMG. He helps clients in North Vancouver, Surrey, Vancouver, Coquitlam, Maple Ridge, Burnaby and Langley with their mortgage questions. He is an expert in BC mortgage matters. You can check out regular mortgage updates at his blog page Vancouver Mortgage Rates.
