Fixed or Variable - 04/27/10 09:16 PM
First off, which strategy is best?
It depends on your situation.
Anybody who tells you otherwise needs to give their head a shake. Your unique financial position and comfort level dictates whether or not a variable or fixed rate is right for you.


You may want to contact me to discuss Email me
Mark Fidgett | 604-273-2002

“Your Personal Mortgage Consultant….For Life!”
PS – Please Don’t Keep Me a Secret A REFERRAL is when you INTRODUCE someone you care about to someone you TRUST!
T 604.273.2002 | F 604.522.2072 W http://www.notapennydown.com
An independent Mortgage Specialist associated with the … (2 comments)

CMHC Rental Suite Income Qualifying 101 - 04/23/10 09:49 AM
Rental offset is the percentage of rental income a borrower receives that the lender is willing to use to qualify him/her for a mortgage. Specifically, the use of 80% rental offset will be eliminated on April 19, 2010. It will be replaced with a 50% add-back calculation. This will have a significant impact on how much mortgage one can qualify for.

You may want to contact me to discuss Email me
Mark Fidgett | 604-273-2002

“Your Personal Mortgage Consultant….For Life!”
PS – Please Don’t Keep Me a Secret A REFERRAL is when you INTRODUCE someone you care about … (0 comments)

New Mortgage Rules - 04/22/10 06:51 PM
April 19th is day one of the government’s new mortgage rules.
Here’s a quick video rundown on qualifying rate….
QUALIFICATION RATE
The biggest rule change affects borrowers who put down less than 20% and want a variable or 1- to 4-year fixed term.
Yesterday, you might have qualified for a high-ratio $250,000 variable-rate mortgage with a 3.8% qualifying rate.
Today, lenders will demand you qualify with a 6.10% rate.
That means your income needs to be around 25% higher today than it did yesterday to be approved for the same variable or 1- to 4-year fixed rate mortgage!
Nothing changes with … (3 comments)

When is the best time to buy a home? - 04/22/10 06:29 PM
Do you want to know how the market is?
Do you want to know if rates are going up?
Well, you may be surprised…

You may want to contact me to discuss Email me
Mark Fidgett | 604-273-2002

“Your Personal Mortgage Consultant….For Life!”
PS – Please Don’t Keep Me a Secret A REFERRAL is when you INTRODUCE someone you care about to someone you TRUST!
T 604.273.2002 | F 604.522.2072 W http://www.notapennydown.com
An independent Mortgage Specialist associated with the Verico Mortgage Network.
… (1 comments)