VANCOUVER MORTGAGE FAQ AND TIPS

FREQUENTLY ASKED QUESTIONS

Why Use a Mortgage Broker?

A Mortgage Broker finds you the best deal on a mortgage.  It is impossible to know that you have negotiated the best mortgage until you have shopped all of the financial institutions competing for your business.

This page will explain the benefits of utilizing the knowledge and negotiating power of a mortgage broker.

Do I Need Mortgage Life Insurance?

Mortgage Insurance is a topic often missed or skipped over, but is just as important as your mortgage itself! It is very important that you ensure you, your family, and your home are protected during times of difficulty.

Top 10 Series

This Top 10 Series covers a variety of topics for homeowners such as steps to purchasing a home, tips for making a greener home, and things to consider before your mortgage renews.

Do I Need a Mortgage Pre-Approval?

Pre-approvals help target your home search and give you the confidence you need when looking and making offers.  Pre-approvals take a short time to obtain with me and are worth their weight in gold!

Improving Your Credit

This will help you understand your credit report and tips on how to improve and maintain it.

What Closing Costs Should I Expect?

Lenders estimate 1.5% of the purchase price to be the average closing costs.  This page outlines what these costs may include.

Short Term or Long Term?  Fixed or Variable?

Choosing what type of mortgage and what length of term best suits your needs is a big decision.  This helps explain the differences and we will discuss what will work best for you in our discussions.

How Do I Pay Off My Mortgage Faster?

Paying off your home doesn't have to take a lifetime.  Here are some tips to help you pay down your mortgage faster!

How Do I Calculate the Penalty For Breaking My Mortgage?

Penalties vary greatly depending on whether you have a fixed or variable mortgage, and whether it is with an institutional lender or monoline.  This video will help you estimate it and know the difference when you're deciding on the type of mortgage you want next time!

Resources

These resources are available to you to help you in all stages of your homeownership.  Feel free to ask me for a referral to any professional or organization not listed here.

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