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debt consolidation: CMHC Finally Gets A Babysitter – Vancouver - 07/22/11 07:45 PM
Apparently, the finance ministry’s legal oversight of the pink elephant, aka CMHC, was long overdue…
In March, Maclean’s warned that the Canada Mortgage and Housing Corporation, the quasi-governmental insurer that underwrites $500 billion of residential mortgages, answers to no one—not Canada’s top financial regulator or even the minister of finance. That all quietly changed last month when Ottawa passed a law that puts the CMHC strictly under the watchful gaze of both the finance minister and the Office of the Superintendent of Financial Institutions (OSFI).
With the new law, CMHC must hand over “prescribed books, records and information” and make those … (1 comments)

debt consolidation: How Long Does Negative Info Stay On My Credit Bureau? - 07/10/11 12:41 PM
You may be surprised to learn how long certain information, actually stays on your credit bureau.
As you probably know, credit is one the most important factors in the mortgage approval process.
The length of time that information must stay in your report depends on: the province or territory where you live, and the type of information
The following charts illustrates how long it takes before negative credit information is removed from your credit report by Equifax.

 
The unfortunate fact about the info above is the small print that says ‘from the date paid or last activity’.
As soon … (2 comments)

debt consolidation: Equifax’s Dirty Little Secret - Credit Bureau - 06/26/11 10:18 AM
From now on you may want to reconsider paying $23.95 to Equifax for your credit score.
You might be surprised to hear that what you get, may NOT be what you expect.
You like me, probably believe that when you pay the additional $23.95 to Equifax, you’re getting the score that lenders rely on to determine your credit worthiness.
Well apparently, THAT”S NOT THE CASE…
First some history.
Client presents to me about 3 months ago requesting a specific mortgage.
The particular mortgage program in question is designed for business owners and comes with a minimum beacon score requirement.
That being … (8 comments)

debt consolidation: Your Banker's Dirty Secret, revealed by a Bear No Less... - 12/13/10 05:47 PM
You’ve been paying off your mortgage religiously for the past 5 years. Now it’s time for your mortgage to be renewed, good luck getting the best rate! When the time to renew your mortgage comes, you should keep in mind that there are better rates out there. Contact me and I will share the secret to getting the BEST rate on renewal.

“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 … (0 comments)

debt consolidation: What if this was your parents? - 01/05/10 06:02 PM
Imagine your parents facing this scenario... 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.
… (0 comments)

debt consolidation: Inside Secrets Of How To Get A “Yes” When You Borrow - 11/13/09 09:25 PM
Lenders approve loans based on their impression of your ability and INTENT to pay it back.
To figure this out, they look at five things:
creditworthiness income job longevity job stability and future income prospects.  
We'll tell you how to make sure you look good in each of these things, so that you'll get a "YES" when you want to borrow money for your new home.
1. Creditworthiness
Creditworthiness is your history of borrowing and repaying against things like loans, credit cards, rent, and whether you've ever filed for bankruptcy.Lenders refer to your credit bureau for this info.
Order a … (2 comments)

debt consolidation: CMHC Mortgage Insurance - How Much Does It Cost? - 10/14/09 03:01 PM
New Blog Post at www.notapennydown.com/blog  
Take care, Mark Fidgett"Your Personal Mortgage Consultant....For Life!" PS - Please Don't Keep Me a SecretA REFERRAL is when you INTRODUCE someone you care about to someone you TRUST! T 604.273.2002 | F 604.522.2072W http://www.notapennydown.comF http://www.facebook.com/people/Mark-Fidgett/1131578457T http://www.twitter.com/mortgagemark An independent Mortgage Specialist associated with the Verico Mortgage Network.  
… (0 comments)

debt consolidation: With mortgage rates dropping,it’s strategy time… - 09/27/09 05:59 PM
It was a little less than a year ago that the global financial crisis began to hit home, which is to say that mortgage rates spiked higher.
Now, the cost of mortgages is coming down. If you’re buying a home or renewing a mortgage, it’s time to review your options at www.notapennydown.com
Fixed-rate mortgages declined a little last week, but the most dramatic changes can be seen in variable-rate mortgages. For the first time in almost a year, it’s possible to get a variable-rate mortgage at the prime rate used by most major financial institutions, which is currently 2.25 per cent.
… (0 comments)

 
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Mark Fidgett

Vancouver, BC

More about me…

Mark Fidgett - www.NotaPennyDown.com

Address: 1530 7 Avenue West, Cancouver, BC, V6J 1S3

Office Phone: (604) 273-2002

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All things about Real Estate and mortgage financing in Vancouver BC


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