by Jamie Cunningham | Feb 18, 2020 | BC, Bills, Blog, Bristish Columbia, City of Prince George, CMHC, Down Payment, Finance, First Time Home Buyers, Homeownership, Mortgage, Mortgage Broker, PG Mortgage Broker, prince george |
It’s important to remember that when you go to purchase an owner occupied home that the minimum down payment is 5%. However the mortgage lender likes to see that you have 1.5% of the purchase price for closing fees. What do closing fee’s consist of? 1)...
by Michelle McCullough | Oct 8, 2019 | City of Prince George, CMHC, Down Payment, First Time Home Buyers, Interest Rate, Mortgage, Mortgage Broker, Payments, PG Mortgage Broker, prepayment penalties |
A 2.4% online rate will definitely attract attention! But cheapest is not always best. Once the fine print is read, many will find they don’t qualify, and often there are restrictions that could really cost homeowners in the long run. That low rate may be for quick...
by Jamie Cunningham | May 7, 2019 | BC, Bristish Columbia, City of Prince George, CMHC, Down Payment, Finance, First Time Home Buyers, Home Equity, Homeownership, Mortgage, Mortgage Broker, PG Mortgage Broker, Pre-Approval, prince george, Refinance |
We get questions about downpayment all the time! So here is the lowdown on how much you need, and how you might get it. How much do you need? Not surprisingly, most Canadian homebuyers purchase a property with the absolute minimum downpayment. The thing is, the...
by Jamie Cunningham | Apr 3, 2019 | BC, Blog, Bristish Columbia, City of Prince George, CMHC, Divorce, Down Payment, Finance, First Time Home Buyers, Homeownership, Mortgage, Mortgage Broker, Mortgage Changes, Payments, PG Mortgage Broker, prince george, Separation |
The recent federal budget included Housing Affordability Measures that may be applicable to your situation, now or in the future. There are three key measures intended to help: an incentive for first-time homebuyers, an increase in the amount of RRSP funds first-time...
by Michelle McCullough | Feb 12, 2019 | BC, Bristish Columbia, City of Prince George, CMHC, Down Payment, First Time Home Buyers, Mortgage, Mortgage Broker |
Using your RRSP money for your down payment is a great strategy for some first-time buyers. It may help you achieve the 20% down payment needed to avoid mortgage default insurance premiums, or simply give you a financial boost when you need it most. First-time...
by Jamie Cunningham | Jan 22, 2018 | Blog, City of Prince George, CMHC, Credit Checks, Debt, Down Payment, Interest Rate, Mortgage, PG Mortgage Broker, prepayment penalties, prince george |
1. That “best” 5-year rate? It probably isn’t. Fact is, a “best rate quote” is now meaningless, because mortgage pricing is now based on multiple factors. Everything depends on your personal situation. That’s why we start with an in-depth assessment, and then review a...
