Real Estate Blog for Buyers & Sellers

Category: Financing (21 posts)

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Jeff Weaver

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...

What are credit scores and how are they important?

September 1, 2021 | Posted by: Jeff Weaver

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Jeff Weaver

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21, 2021 | Posted by: Jeff Weaver

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 12, 2021 | Posted by: Jeff Weaver

The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

March 10, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

Multi-Family Lending: What You Need To Know About Hard Money Loans in Maple Ridge, BC

March 1, 2021 | Posted by: Jeff Weaver

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad ...

Why Borrowers May Choose a Private Mortgage in Maple Ridge, BC

February 17, 2021 | Posted by: Jeff Weaver

Why Borrowers May Choose a Private Mortgage When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the ...

How to Handle a Mortgage After a Separation or Divorce in Maple Ridge, BC

February 5, 2021 | Posted by: Jeff Weaver

Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It's a situation you likely never thought you'd never be in, but now there are personal and financial conseq ...

How Good vs Bad Debt Impacts Your Household in Maple Ridge, BC

January 20, 2021 | Posted by: Jeff Weaver

In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...

Bank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing

January 20, 2021 | Posted by: Roar Solutions

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The B ...

Dec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

December 9, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...

3 Tips on How to Better Your Credit Score in Maple Ridge, BC

December 2, 2020 | Posted by: Jeff Weaver

Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ...

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing

September 9, 2020 | Posted by: Roar Solutions

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...

Reverse Mortgages – Impact on Heirs in the Maple Ridge, Pitt Meadows and Lower Mainland BC areas

September 2, 2020 | Posted by: Jeff Weaver

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the prope ...

Should You Pay Off Your Mortgage Early?

June 18, 2020 | Posted by: Jeff Weaver

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will ex ...

Should You Refinance Your Mortgage?

May 28, 2020 | Posted by: Jeff Weaver

There are a multitude of reasons why a homeowner may be considering refinancing their mortgage. However, before any final decisions are made it is always a good idea to consider carefully whether refi ...

Should You Spend the Full Mortgage Amount You're Approved For?

May 21, 2020 | Posted by: Jeff Weaver

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!

May 14, 2020 | Posted by: Jeff Weaver

Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...

Strategies to Dig Yourself Out of the Debt Hole

May 7, 2020 | Posted by: Jeff Weaver

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...

Why You Need an Emergency Fund And How to Get One

April 30, 2020 | Posted by: Jeff Weaver

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...

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