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vancouver home mortgage: Building A Mortgage Business - 11/23/08 05:52 PM
The mortgage business like any service business is about "Marketing You" and being seen and noticed by the public what you do for a living. Home owners and home buyers have a need for home mortgages and they are motivated for self-interest to find the best mortgage products that help them save money.Large Market For MortgageThe news media have helped to bring to the consumers the awareness and services provided by mortgage brokers. Most consumers are still fixated on shopping for the best or lowest rate mortgages. Your role as a mortgage advisor essentially is to win over your client's mortgage … (0 comments)
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vancouver home mortgage: The Many Ways How A Mortgage Broker Gets Paid - 11/23/08 05:18 PM
A mortgage broker get paid for his effort in bringing a mortgage deal to a mortgage lender. He or she is not an employee of any mortgage lender, but works independently helping borrowers with their home financing needs. The compensation is only paid when a mortgage financing deal is successfully completed. Direct CompensationDepending on the types and terms of the mortgages being funded, a mortgage advisor may be compensated from 50 bps to 80 bps on the traditional fixed term and variable term mortgage products. The commission payable by a lender is based on the mortgage loan amount, and 100 bps … (0 comments)
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vancouver home mortgage: Vancouver Mortgage Broker - Independent Mortgage Advisor - 11/23/08 05:01 PM
The role of a Vancouver Mortgage Broker is to help their clients with their mortgage financing.
A mortgage broker acts as an intermediary who sources mortgage loans on behalf of individuals or businesses. Typically, a mortgage broker is paid by the lender based on the loan he or she successfully placed with a lender.
A Vancouver mortgage broker would prefer working within a geographical area so as to better serve their clients.
A Mortgage Broker has to perform many tasks like:
* Marketing to attract clients * Assessing borrowers circumstances, including credit history and incomes. * Assessing the market to … (0 comments)
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vancouver home mortgage: Save On Mortgage Interest Payment - 11/09/08 10:52 PM
How much can you save on mortgage interest payment?
Your savings can be as much as tens of thousands of dollars in interest payment. It is also possible to pay off your mortgage in about one-third the time on your 30 years mortgage. The great news is that you achieve this result by making the same regular monthly mortgage payment on your 30 years mortgage.
Most home owners are concerned about the mortgage interest rates they are paying. Good mortgage management goes far beyond getting a good rate. While most home owners are aware and express the desire to pay off … (0 comments)
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vancouver home mortgage: Vancouver First Time Home Buyers - 11/09/08 10:38 PM
If you are a Metro Vancouver first time home buyer, you need to consider the following issues:
1). How much mortgage? You need to find out how much mortgage financing you required. In addition to your down payment, you have to budget for expenditures on home furnishing, repairs, replacement of appliances, renovation, etc.
2). How much down payment do you have? The more down payment you can provide, the less you need to borrow for your mortgage. You may use your RRSP savings as down payment for your home. As a first time buyer your can withdraw up to $20,000 (or … (0 comments)
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vancouver home mortgage: Vancouver Mortgage Blog On Active Rain - 11/06/08 03:05 PM
Vancouver Mortgage Blog Vancouver Mortgage Blog hosted by Active Rain Real Estate Network will be posting mortgage related news and articles affecting home owners in British Columbia. Real estate market postings on sale activities and pricing trend can be found on my blog at http://activerain.com/blogs/ebizniz.Home Financing - Buying & SellingHome buyers who are buying and selling at the same time should work out their financing beforehand. When you are only able to carry one mortgage, you obviously need to free up the equity in your present home when trading-up. You should sell first and then commit on buying another property when … (0 comments)
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James Wong Richmond Mortgage Broker
Vancouver,
BC
More about me…
The Mortgage Group - Vancouver/Richmond
Address: 105 1385 W. 8th Avenue, Vancouver, BC, V6H 3V9
Office Phone: (604) 876-1312
Cell Phone: (603) 721-4817
Email Me
Vancouver mortgage blog, mortgage news, home financing, second mortgage and private mortgages.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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