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interest rates: 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)

interest rates: What is Purchase Plus Improvements – Vancouver - 02/20/11 09:51 AM
The kitchen’s outdated and the orange shag just doesn’t cut it.
Ok, that’s probably a bit of an stretch, but I hope you get the picture.
Now you can have your dream kitchen and en-suite with one simple mortgage payment. All of this can be done by putting down as little as 5% of the “as improved” value. Purchase Plus Improvements literally allows you to add the improvements to the mortgage.
How Does It Work?
When you’ve found a home that you like, make an offer, subject to a longer than normal conditional period because you’ll have to arrange for a … (0 comments)

interest rates: When You Shouldn’t Apply For Credit - 02/20/11 09:43 AM
If your credit is less than stellar, applying today may actually make your credit worse.
Don’t get me wrong, I’m not saying don’t apply.
I’m saying, don’t apply yet.
Do you suspect there may be an issue with your credit, if so, you’re better off pulling your bureau yourself. Your score will not be harmed by inquiries into your own credit report. Whereas, if you apply on line or in person, you have pretty much agreed to have your credit bureau pulled by a third party.
To have your credit pulled today only to be told that your credit’s not up … (1 comments)

interest rates: How I Sent One Email & Received 4 Referrals... - 03/28/08 09:28 AM
  … (4 comments)

 
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Mark Fidgett

Vancouver, BC

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Mark Fidgett - www.NotaPennyDown.com

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

Office Phone: (604) 273-2002

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