vancouver: Home Buyers' Plan (HBP) Using An RRSP to Buy A Home
- 02/19/13 10:51 PM
I’ve often blogged about using your RRSP to buy a home. But here’s a Secret that many don’t know. Most know that you can withdraw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself and that it requires a repayment of $1,667 every year for 15 years ($25,000/15 years = $1,667). And that any missed repayments are included in your income for that year. BUT what most don’t know is that you are NOT required to repay the funds back to the same RRSP or institution from which you made your … (0 comments)
vancouver: Bankruptcy Vancouver BC Myth #3, Vancouver Blair Mantin & Mark Fidgett
- 02/08/13 11:21 PM
Today’s video really hit home for me because I hear this one a lot in my business. Bankruptcy Myth #3 addresses yet another myth that everyone wants to know the answer to. Blair Mantin, the vice president of Sands & Associates, and I dispel yet another Myth in the world of bankruptcy. Go ahead and watch…
I can’t stress this enough, you MUST re-establish your credit after bankruptcy. You should start doing this almost immediately. Ask me about a secured credit card. One that reports on the credit bureau every single month. It’s all about re-establishing a good … (0 comments)
vancouver: Bankruptcy Myth #1 – Vancouver
- 02/03/13 08:51 AM
Bankruptcy myths are born from misunderstanding, misinformation, and incorrect assumptions. This week I had the opportunity to visit with one of the largest Trustees in BC, Sands & Associates. With head offices in downtown Vancouver, they have 10 offices from Vancouver to Chilliwack. We filmed part one in a ten part series on the ‘Myths of Bankruptcy’. You may be surprised what you hear, go ahead and have a look.
Mark Fidgett is a Vancouver mortgage broker and the driver behind www.NotaPennyDown.com Your Vancouver Mortgage Broker For Life www.notapennydown.com P.S. Who’s the next person you know who wants to save … (0 comments)
You may have already heard the holiday music. Well Beware, I call it retail store seduction. Better know as retail store credit cards!During the holiday season many stores are going to seduce you into applying for a retail store credit card. They make it sound so attractive,“Simply sign here and You’ll save 15 percent or don’t pay a cent for 90 days, or longer They may even offer you a free gift, well don’t do it! Here’s the problem, retail store credit cards can hurt your credit … (0 comments)
vancouver: New Mortgage Rules - Top Two Questions - Vancouver
- 03/19/11 12:49 PM
Here’s last word on the new mortgage rules coming down the pike on March 18th. I’m not going to rehash the rules as I blogged about them here, but I will answer the top two questions I’ve been receiving of late. Question #1: What happens if I enter into a contract to purchase a property and the completion falls after the deadline? Answer: If you have a FIRM Contract of Purchase and Sale in place, on or before March 17th, then the current 35 year amortization will still apply, even if your closing falls after the 18th. Question #2: What happens after March 18th when … (1 comments)
vancouver: When You Shouldn’t Apply For Credit – Vancouver
- 03/19/11 12:44 PM
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 to … (0 comments)
vancouver: Your Banker's Dirty Secret, revealed by a Bear No Less...
- 12/13/10 09:47 AM
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
“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)
vancouver: Realtor Marketing Mistake 101
- 11/19/10 02:34 AM
One of the SIMPLEST yet most overlooked marketing opportunities. “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.
vancouver: How’s the Market?
- 12/02/09 11:03 AM
What a Great Question!! As we approach the Holiday Season, you'll be presented with many networking opportunities. BE PREPARED... The other day a friend of mine was in Starbucks and he started talking to a woman in line. She told him she was in real estate. He chuckled inside and thought this is your lucky day. He asked her, “How’s the Market?” Her response was, “It’s picking up”. He thought the words; “It’s picking up” may not be the best words to choose to answer that question? Then he thought about his … (100 comments)
vancouver: Inside Secrets Of How To Get A “Yes” When You Borrow
- 11/13/09 01:25 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)
vancouver: Can you still buy with ZERO Down in Canada?
- 11/06/09 09:17 AM
Can you still buy with ZERO Down in Canada? 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)
vancouver: MAKE YOUR MORTGAGE TAX DEDUCTIBLE
- 10/14/09 08:05 AM
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)
vancouver: CMHC Mortgage Insurance - How Much Does It Cost?
- 10/14/09 08:01 AM
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)
vancouver: With mortgage rates dropping,it’s strategy time…
- 09/27/09 10:59 AM
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)
I’ve often blogged about using your RRSP to buy a home.
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