Entries by Jordi Browne

Buying a Foreclosed Home

  Buying a Foreclosed Home   As Chilliwack Mortgage Brokers we’ve taken it upon ourselves to share some Pros and Cons about buying a foreclosed home.   Process of purchasing a foreclosed house:   Original offer goes in and is reviewed by the foreclosing company.   If the offer is accepted a court date will be […]

Canadians Reach Highest Debt Service Levels to Date

Chilliwack, BC – Alarming statistics were released stating that Canadians are paying the highest percentage of their income, towards debt. Although the headline may seem alarming our Chilliwack mortgage brokers are advising that it’s in fact not as frightening as it sounds. Yes, Canadians will have less disposable income left to spend on life outside […]

Elections & Changes For Canadian Home Buyers

With elections six months away, Canadian home buyers are hopeful for a solution to address the housing affordability issue and so are we. It’s undeniable that certain rule changes have made housing unaffordable for several home buyers across Canada, but these changes not only affect those trying to buy, they also affect Canadians who have […]

Government Introduces a Real Blunder of a Program for Home Buyers’

Chilliwack, BC – Here are my thoughts regarding the governments offer of an interest free loan in exchange for a percentage of ownership in your home. On January 17, 2017 the BC liberals introduced something similar called the BC Home Partnership Program. The program offered to match home buyers’ down-payment costs with an interest free […]

BC Budget Speculation, Changes for Home Buyers

Chilliwack BC, The BC budget is set to be released in just a few days and as always, there are speculators weighing in on the changes we’re expected to see and where exactly we expect funds to be allocated. Housing affordability is a topical subject of course, as we’ve seen the rise and fall of […]

The Truth Behind Best Interest Rates

Chilliwack, BC – When it comes to getting a mortgage for a home purchase, refinancing to consolidate debt or simply renewing your mortgage, most of us are interested in securing the best interest rate. You’ll often see websites such as rate hub, offer rates that beat just about anything you’ve been quoted by your bank […]

Market Update – Interest Rate Increase Oct. 24, 2018

We’re not sure about everyone else, but does it not feel like sunshine and 30-degree weather was yesterday? Is there anyone else wondering how it’s already mid October!? We are 16 days away from Halloween and Christmas is around the corner. The organized individuals of the world have probably started shopping however, there is something […]

Refinancing? Don’t miss out

If you’ve considered refinancing your house for a renovation, debt consolidation or any other reason, now might be your last chance to qualify. Earlier this year the Government of British Columbia implemented a new mortgage rule which required borrowers to qualify at 2% above the contract rate. Example Before new mortgage rule – Borrowers could […]