General Craig Barton 9 Apr
Why Purchasing Real Estate is a Smart Investment Over Renting in British Columbia As a mortgage broker in British Columbia, I’m often asked by clients whether it’s better to rent or buy a home. It’s an important decision, and the right choice varies depending on personal circumstances. However, more often than not, purchasing real estate […]
Read MoreMortgage Tips Craig Barton 24 Mar
How Adjusting Your Mortgage Payment Frequency Can Save You Time and Money When it comes to paying off your mortgage, small changes can lead to big savings. One of the simplest yet most effective strategies to cut down on your mortgage’s amortization period (the time it takes to fully repay your loan) is adjusting your […]
Read MoreGeneral Craig Barton 4 Mar
The Benefits of Refinancing Your Mortgage to Pull Equity: A Smart Way to Manage Debt, Fund Renovations, or Plan a Family Trip As a mortgage broker, one of the most common questions I get asked is whether refinancing a mortgage makes sense when it comes to managing personal debt or funding significant life expenses like […]
Read MoreGeneral Craig Barton 13 Feb
Achieving a High Credit Score in Canada: Tips and Best Practices Your credit score is one of the most important factors when it comes to managing your finances in Canada. A high credit score can open doors to better loan rates, lower interest on credit cards, and even better rental opportunities. Whether you’re planning to […]
Read MoreGeneral Craig Barton 24 Jan
Why Canadians Should Consider Using a Mortgage Broker Instead of a Big Bank When it comes to securing a mortgage for your home, Canadians are often faced with a choice: approach a traditional big bank or work with a mortgage broker. While both options have their pros and cons, there are several compelling reasons why […]
Read MoreGeneral Craig Barton 25 Sep
The federal government on September 24, 2024 announced expanded parameters for lenders and insurers to begin offering insured mortgages effective December 15, 2024. The expanded parameters include: Expanding the eligibility for 30-year amortizations. Increasing the $1 million cap to $1.5 million. To qualify for the 30-year amortization: the loan to value must be 80% or […]
Read MoreGeneral Craig Barton 17 Sep
Big News for Homebuyers in Canada! Inflation has dropped to 2.0%! This could mean lower mortgage rates are on the way! New Mortgage Rules: The government is introducing 30-year mortgages for first-time buyers and increasing the price cap for insured mortgages to $1.5M. More flexibility for homebuyers! U.S. Retail Sales Update: Strong numbers could affect […]
Read MoreGeneral Craig Barton 17 Jul
When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options! Fortunately, we are here to help! Below are some of the mortgage details that you should understand to ensure that you are getting the best mortgage for you: INTEREST RATE TYPE Interest rate is one of the […]
Read MoreMortgage Tips Craig Barton 15 Jul
When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage balance and […]
Read MoreReverse Mortgages Craig Barton 13 Jul
Did you know? Reverse mortgages are continuing to gain popularity for older homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a […]
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