Whats in a Number?

April 20, 2010

BC Mortgage requirements have adjusted as of April 19, 2010. The following article was provided by First National, a major mortgage lender in Canada. While most consumers know that they have a “credit rating,” not all know their scores or how they were calculated. If a client’s mortgage application is refused or approved for less [...]

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BC Mortgage Rate Updates – April 28th, 2010

April 6, 2010

Return to BCMortgageactioncenter.com Home page Vancouver Mortgage Rates – April 28th, 2010 I post the best mortgage rates in BC on a weekly basis or more frequently if the market is volatile. I encourage you to enquire about rate changes. The lenders will typically have quick close rates to boost their month end numbers. Call [...]

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Remortgage Rates – Where are They Going

April 6, 2010

The Royal Bank recently increased its the five year fixed rate by 50 basis points. A move of 50 basis points is a significant shift. The move in interest rates is as a result of inflation moving up. The primary driver of inflation is the price of oil. We live in a petro economy. The [...]

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When Bankers Go Bad

June 11, 2009

I normally have a private chuckle when I do a lot of analysis for a client and they turn around and say “I am going to take this to my bank and see what they can do.” One most people don’t half 51% ownership and two well I will let a quote from the bank’s [...]

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House Prices Reduced

June 11, 2009

The writer is a Vancouver mortgage broker with experience in bad credit mortgage in Canada applications. He is familiar with most bad credit Canada mortgage lenders. Potential purchasers need not be worried if there credit difficulties in the past. April was a bad month for Vancouver house prices. CMHC recorded another reduction in prices in [...]

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