by Jamie Cunningham | Jul 30, 2020 | BC, Blog, Bristish Columbia, City of Prince George, Finance, First Time Home Buyers, Homeownership, Interest Rate, Mortgage, Mortgage Broker, PG Mortgage Broker, Pre-Approval, prepayment penalties, prince george |
We are often asked about monoline lenders – who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one”. So it’s a “one-line” lender that doesn’t do anything else except mortgage lending....
by Michelle McCullough | Jun 10, 2020 | City of Prince George, First Time Home Buyers, Homeownership, Interest Rate, Mortgage Broker, Mortgage Renewal, PG Mortgage Broker, Refinance |
As the longest spring in memory finally gives way to summer, it’s nice to see people safely enjoy the sunny weather. I hope that you are yours are in good health. There continues to be uncertainty about the shifting mortgage market. Here are the most common questions:...
by Michelle McCullough | Mar 13, 2020 | Announcements, Bank of Canada, Economy, Finance, First Time Home Buyers, Home Equity, Homeownership, Mortgage, Mortgage Broker, Mortgage Changes, PG Mortgage Broker |
BREAKING NEWS: The Bank of Canada drops the key rate another 50 basis points (0.5%)! This is unprecedented territory for interest rates. In at least 10 years, the BoC has never lowered it’s rate twice in the same month and definitely never for a total of 1%. For home...
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...
