Profile cover photo
Profile photo
Sneg Mortgage Team - Vancouver Mortgage Brokers
26 followers
26 followers
About
Posts

Post has attachment
The #bankofCanada   announced that it is maintaining its #overnight   #rate  at ½%. Call or email us for ways to take advantage of continued low #mortgage  rates.

Image: Chris Wattie/Reuters
Photo

Post has attachment
#BankofCanada announced it will maintain its #overnight #rate at 1/2%.
Same overnight rate. Same #primerate . No change!

#mortgage #mortgagerates #mortgagebroker #financial  
Photo

Post has attachment
If you are thinking of #buying #investment #apartment in #downtown and using it for #shortterm #rent rent better read about the conflict in East #vancouver .
Residents are angry an owner who owns multiple suites in the building is renting out his suites on #airbnb (a popular accommodation site). They believe he is breaking city and strata regulations as the city by-law states that the minimum stay for a suite rental is 30 days.
Do you think the presence of short-term guests can changed the community feeling as strangers arrive and leave at all hours?
Photo

Post has attachment
#Renting an #apartment in your residence?
It is going to be easier for you to qualify for #mortgage !

CMHC (Canada Mortgage and Housing Corp) announced it will allow homeowners to count 100% of income from secondary units, effective Sept. 28.
Up until now CMHC rules allowed only 50% of the rental income to be added towards qualifying for your mortgage.
One important issue: The units have to be legal or conform to local municipal standards.

#canada #mortgagerates #mortgagebrokers #mortgagenews  
Photo

Post has attachment

Post has attachment
New #study from Statistics #Canada show that 69% of #Canadian #household s rely on two #income for #mortgage #payments   and other living #expenses . Saying that, please keep in mind that in some cases one #income is sufficient. Call us, we'll do the math for you 604-339-1577

#mortgagerates #mortgagebroker #mortgagetips #financing #finance #loans  
Photo

Post has attachment
22% of #Canadian #homeowners had #home #equity #lineofcredit in 2014.
Out of these estimated 2.15 million Canadians, 200,000 owed nothing.

The average owed is $57,000 but not all the available #funds have been accessed as the average approved line of credit is $135,000

Source: Canadian Association of Accredited Mortgage Professionals

#mortgage #mortgagebroker #finance #financing #financialplanning #loans  
Photo

Post has attachment
Toronto‬ Housing market starting to match ‪‎Vancouver‬’s with detached houses soaring to $1.1M in May 2015 (which is an 18.2% increase from a year ago).
The impact of those two cities markets has been driving national housing numbers to record levels.

#canada #toronto #torontorealestate #realestate #mortgage #mortgagebroker #finance #vancouver #house #housemarket #mortgagerates  
Photo

Post has attachment
Important new if or your friends are in the market for #mortgage :
Mortgage #fixedrates connected to #Canadian Government bond yields.

Hope that the bond yields will go down and competition between lenders kept #mortgagerates with no change.

Below are 5 year Canadian Government bond yields. You can see the Increase of 0.40%.
This puts lot of pressure on lenders. Once any of the major players will increase its rates we will see everybody else follow.

If you or your friends are in the market for mortgage, preapproval that will act as a rate hold might be a good idea. Contact us today 604-339-1577.

#realestate #mortgagebroker #mortgagenews  
Photo

Post has attachment
Low #interestrates and #dollar exchange is making it a good time for #Americans to buy homes in #Vancouver .
Most of them buy #condos as an #investment #property .

#mortgage #mortgagerates #mortgagebroker #mortgagenews #realestate  
Photo
Wait while more posts are being loaded