People often wonder if they have to pay GST when they purchase property in Canada and the answer for most is typically...NO. Not on the residential mortgage side. The most common occurrence, is when you purchase brand new but even in that case, we can typically add the GST to the mortgage. https://youtu.be/S9hnFMtlgi0
Property Transfer Tax is a tax you need to pay when you acquire property in British Columbia. It can be a hefty tax but they're exemptions for First Time Home Buyers, Spousal Transfers and some Family Transfers. Let us know is you have questions. https://youtu.be/gy1YKyzBf68
Are you a First Time Home Buyer? Is This Your First Mortgage What are your advantages? What are your perks? Buying your first home can be very intimidating...let us help. ***UPDATE: SINCE I SHOT THIS THE RRSP LIMIT INCREASED TO $35k*** https://youtu.be/FRKKGXq3U1w
It used to be that you could walk into your bank and the bank manager knew you. They had known you for years and could vouch for your character...they could loan to you based on their gut feeling. That is just not the case anymore, those days are long gone and you credit bureau is
One of the simplest way to get further ahead on your amortization is paying bi-weekly mortgage, specifically accelerated bi-weekly mortgage payments instead of monthly payments. Paying bi-weekly over monthly knocks almost 3 years off your mortgage...that is some big savings!! https://youtu.be/XA3KW9AlAd8
Probably the most common question is Fixed Mortgage Rate vs Variable Mortgage Rate. What are the differences? What are the pro's and con's? Which is right for you? https://youtu.be/37DB7s271Hw
Hearing the term "Pre-Approval" is misleading. One would think they are good to buy, but that is not the case. A Mortgage Pre-Approval for this most part only holds a rate. What is more powerful is a Pre-Qualifcation or even a Full Approval. https://youtu.be/a6aiFFdUJ9c
