Buying a home can be one of the most exciting and rewarding things you ever do, or it can be one of the biggest nightmares you will ever go through. How you experience the home buying process depends entirely on how well prepared you are and how knowledgeable the people helping you are. The following report should clear up a lot of confusion you might have. Continue Reading →
Don’t let bad credit hold you back from entering the housing market. As a mortgage broker I have many options available to help you achieve your goal of home ownership. Continue Reading →
For the majority of business that we do through MortgagesFor WomenBC.com our services are FREE. Continue Reading →
At Mortgages for Women BC we are here to help. We understand buying your first home can be an overwhelming experience. We’ll help walk you through the entire home buying process and make it a smooth, easy to understand process. Arranging mortgage financing through Mortgages for Women BC is one of the most important step when buying your first home. Continue Reading →
Renewing your mortgage is as important as a purchase or a refinance, and is often over looked. It is so important to take advantage of today’s low rates. Unfortunately most people sign the form their current lender sends them without realizing it could be costing thousands in extra interest paid to the lender. Around a month before your mortgage is up for renewal you will get a letter from your current lender to renew your term. Continue Reading →
A private mortgage is a good way to get fast cash for just about any purpose. If you don’t qualify for a regular mortgage or don’t have time to wait the regular two to three weeks to get the money from a bank or trust company, private lenders can help. Continue Reading →
When it’s time to refinance your mortgage there are many options worth considering. It’s a fact most people just visit their current bank without considering the thousands of dollars they could save by obtaining the free advice from Mortgages for Women BC. We’ll help you choose the best mortgage at the lowest rate that’s best suited for your needs. Continue Reading →
If you are considering Home Ownership but have questions about the down payment, this article will clarify some of the commonly asked questions. Continue Reading →
To help the mortgage process go smooth, please provide the following documents. Continue Reading →
Unlike a fixed rate mortgage, a variable-interest rate floats and is tied to the bank prime rate. This floating is directly related to changes in the prime lending rate which is set by the bank of Canada. The mortgage payment amount can stay the same but the actual interest charged can change from month to month. Continue Reading →
What is mortgage insurance? If you don’t qualify for a conventional mortgage which is 25% down and 75% financing on the property then you are required to obtain high ration financing. in Canada, financial institutions use two primary insurers for their high ratio mortgages, CMHC & Genworth. Continue Reading →
The two are very different and it’s important for you to understand the differences. Continue Reading →
Every bank has its own preferences for what type of client they are looking want. They all have different programs and lending policies. If you go shopping from one bank to another, each bank will do a credit bureau report. When bankers see that you have been to several lenders, they will assume that you are having difficulty in getting a mortgage. This can create problems for you. Continue Reading →
Your credit score is an important indicator of your creditworthiness. In general, the higher your score, the lower the probability that you will become delinquent on credit extended to you. And while many mortgage brokers and lenders use bureau scores to help them make lending decisions, each mortgage broker and lender will base its decision on more than just the score. Continue Reading →
When moving into your next home Mortgages for Women is here to help. There can be lots to consider, we can show you strategies to save money on potential mortgage penalties, lowering your current mortgage payment or even by paying off some existing debt. It’s important to contact us to ensure you have all the information to make an informed decision. A quick call to us could help save you thousands of dollars. Continue Reading →