March 2016 Foreclosure List

This month there is a definite increase in both detached and attached foreclosure listings throughout the Lower Mainland. Activity has cooled down just a little but still very active.  Nice to see homes take a little longer than 1 day to sell…… Burnaby-Attached White Rock-Attached Vancouver-Detached Vancouver-Attached Surrey-Attached Port Coquitlam-Attached North Vancover-Attached New Westminster-Attached Mission-Detached … Read more…

December 2015 Foreclosure List

This months list is at an all time low.. the market is red hot everywhere even throughout the holidays. You can see the prices go up slightly week over week in certain areas. Abbotsford – Attached Burnaby – Attached Burnaby – Detached Whistler – Detached Vancouver – Attached Surrey – Detached Surrey – Attached Sunshine … Read more…

What to Buy First – Home or a Car?

Many young people after graduating from university/college and getting a full time job tend to buy one of the biggest investments of their life: a new car or a first home, or maybe both? The question we often hear from first time home buyer is, “should I buy a new car first or buy a … Read more…

Thinking Outside the Bank Guidelines

Banks have been squeezed by the new government regulations and might not be able to provide you with the mortgage solutions you need. Here are some of the things we can do with non-bank lenders: Rentals Most lenders require 25% down-payment in order for you to avoid paying mortgage insurance premium. We can get it … Read more…

June Foreclosure List

Here is the latest Foreclosure list. Buying a foreclosure is different than other home purchases. So if you decide to do this make sure you have a realtor who is familiar with the process. Abbotsford – Mission – June Attached Abbotsford – Mission – June Detached Burnaby – June Attached Burnaby – June Detached Coquitlam … Read more…

How Banks Gouge You On The Mortgage Penalty?

How Banks Gouge You On The Mortgage Penalty?

We keep seeing more and more articles in the news about outrageous mortgage penalties banks charge their clients. So what’s the deal? Well banks are in business to make BIG money, their fixed rates have standard penalties as all other lenders do, greater of 3 months interest or interest rate differential. The 3 months interest … Read more…

April 2015 Foreclosure List

Check out this month’s foreclosures. If you see something you are interested in, give us a call 1-855-881-1010 and we’ll connect you with the right professional. Langley Attached Foreclosures Langley Detached Foreclosures White Rock-South Surrey Detached Foreclosures White Rock-South Surrey Attached Foreclosures Surrey Attached Foreclosures Surrey Detached Foreclosures North Delta Detached Foreclosures West Vancouver Detached … Read more…

What is a Credit Score? How it works? How to repair it?

What is a Credit Score? How it works? How to repair it?

How does the Credit/Beacon Score number work? This three digit number is a statistical formula that takes your personal credit information from your credit report Scores range from 300 – 900 The ‘Beacon Score’ is branded by Equifax FICO – Fair, Isaac & Co (created to assess profitability) Everything counts: age, address, phone number, dependents, length … Read more…

Mortgage Case Study – High Ratio Self-Employed (Verified Income)

Scenario: Purchasing a townhome with 5% down-payment Mortgage Required: $500,000 1st Mortgage Obstacles: The borrower has been self-employed for 4 years and incorporated 2 years ago. Client is paying himself dividends from his company.     What we did: Approved the client based on dividend income declared on his NOAs With verified income we were … Read more…