Are you considering buying a house in New Zealand? One of the biggest concerns for most Kiwis is getting the lowest mortgage rate possible. Many start by going to the banks offering the lowest interest rates, but often find themselves confused by the complex jargon and lack of clear explanations about how mortgage rates work. … Read more
Van den Berg made the comments during her testimony before the Standing Committee on Finance on Thursday, where she welcomed recent government actions including extending amortization periods for first-time home buyers and increasing the insured mortgage limit of $1.5 million. “We commend the government for implementing these changes, but there still remain critical areas that … Read more
There are many benefits to appraising a property because no two properties are the same. If you are planning to purchase or invest in real estate in Vancouver, Surrey, Kelowna, Victoria or elsewhere in British Columbia, it is important to keep in mind that finding the right one is important. assessor to assist you in … Read more
In this blog, we will cover and discuss the FHA 203k mortgage process and eligibility requirements. The Gustan Cho Associates team is experts in originating and financing $203,000 FHA loans. FHA 203,000 loans allow home buyers to buy renovations and will lend for acquisition and renovation in one lending program. Home buyers need 3.5% of … Read more
If you are considering purchasing an investment property in Kelowna, Vernon, Kamloops or elsewhere in the Okanagan Valley or Lower Mainland, with the intention of renovating it, there are some key elements to seriously consider. Others may consider investing in properties in Metro Vancouver, spanning Vancouver, Burnaby, Langley, Surrey or all three cities – but … Read more
Defaulting on your mortgage loan can have serious consequences. If the borrower violates the terms of the mortgage loan or fails to make regular payments, the lender has many strong remedies it can exercise to protect its investment. By making your regular payments on time and following the terms of the loan, you will avoid … Read more
Are you a homeowner considering your next financial move? With the recent decline in the OCR and the start of mortgage rates falling, now is the perfect time to re-evaluate your real estate and financial strategy. As the market changes with increased activity, you may be wondering how these changes affect your mortgage. A crucial … Read more
If you are considering purchasing raw land in British Columbia, Canada, for the purpose of building a home, recreational property or for investment, there are many factors and costs to consider. The cost of servicing the land for building and construction can be quite significant. Additionally, if you are holding the land as an investment, … Read more
Key Considerations for Purchasing a Rental Investment Property The dream of owning a rental investment property in British Columbia, with monthly cash flow and potential increase in value year after year, is the desire of everyone I know. The idea of sitting back and enjoying the benefits of a real estate investment can definitely provide … Read more
Written by Steve Huebl• October 17, 2024• 11:26 p.m.• Economic news • A comment • Views: 2,613 In recent years, many feared that the looming “mortgage renewal cliff” would put a damper on the Canadian economy, especially after aggressive interest rate hikes from the Bank of Canada. But according to an RBC report, … Read more