Anne Lord Mortgage Expert
3212 Jacklin Rd # 106 V9B 0J5 Victoria, BC, Canada

https://moneywise.ca/a/with-mortgage-rates-bottomed-out-its

This is why you should always use a mortgage broker. Not shopping for the lender with the best rate and the cost of signing renewals at higher rates is significant!

I have the best clients ever! I love being able to help people purchase their dream homes and be a part of such an important part of their lives . Flowers and chocolates once its all done is icing on the cake

Hello Everyone! Just want to make sure that everyone is aware that the BC Home Program has been discontinued in the new BC budget. This program is a great option to help borrowers with less than 5% down. People have until March 31st to submit their application for this program. Once approved, they have 6 months to close their purchase with this assisted down payment product. For more information contact me at [email protected] .

Big changes coming to mortgage insurance premiums!

http://www.timescolonist.com//b-c-will-lend-first-time-hom

Hot hot hot real estate market right now! Rates are the lowest that I have ever seen! Whether you are in the market to buy a new home or refinance your existing mortgage, come see me for a free consultation and we can move towards getting you the best rates available today!

Positive News for First-Time Homebuyers The Conservative Government announced today a proposal to increase the RRSP Home Buyers Plan (HBP) withdrawal up to $35,000 from the current $25,000 for first-time homebuyers. If implemented, a couple buying a home together would have access to an extra $20,000 of their RRSPs to help with their down payment and other expenses relating to their home purchase. Borrowers are considered first-timers if, in the past four years, they have n...ot lived in a home that they or their current spouse/common-law partner owned. (See Conditions to see if this applies to you!) If put into action, this proposed HBP withdrawal increase would go a long way in helping first-time homebuyers across Canada. Todays announcement follows Stephen Harpers first big-ticket promise of his campaign: another tax break for home renovations made earlier this month. Taxpayers would be able to claim up to 15% of the cost of permanent substantial renovations to homes, condos and cottages. The tax credit would apply to renovation costs between $1,000 and $5,000, allowing a taxpayer to get back up to $600 per year. See more

MONOLINES BEAT BANKS ONCE AGAIN While banks increasingly position themselves as the only real solution for new immigrants seeking mortgages, brokers still believe monolines offer the most competitive options for new Canadians. Banks have shut the door on certain clients who have then come to my door, John Panagakos of Verico Safebridge Financial Group told MortgageBrokerNews.ca. Ive been able to secure a mortgage for these clients; when you have access to 45+ lenders the ...likelihood of me securing a mortgage is better than a client going to a bank. That vast pool of lenders gives brokers a leg up on their big bank counterparts, though shopping around is often required. Ive had a client that had only been here for less than two years, and none of the banks would touch it (and) DUCA gave some competitive rates and my client was really pleased. Often, the qualifications required by banks for landed immigrants can be unrealistic for these would-be homeowners to meet. That continues to be the case despite the more aggressive stance of banks looking to shore up mortgage originations in slower market. Banks assume there is too much risk with these clients, Panagakos said. "They dont always have the credit history; some banks want 35-50% down for these clients. The key, according to some brokers, is building relationships with lenders that are more inclined to take risks on these clients. We have a relationship with B lenders; they understand the situation of a new resident and traditional banks will just reject their application

5 ISSUES YOULL MISS WITHOUT A HOME INSPECTION In hot housing markets, buyers sometimes offer to waive the inspection to help their offer stand out from the crowd, writes Dan Steward, an industry veteran. But most real estate professionals agree this is a bad idea. Heres 5 reasons why. Pests: ... Mice and insects are easy and fairly inexpensive to treat, but the damage they leave behind isnt always. A good inspector can identify termites, carpenter ants and other critters. Replacing or repairing the damage can be costly. Knowing about it before you move in is key. Structural Defects: Pests, settling or poor construction can cause serious problems and lower your homes value over time. Many times this damage isnt immediately visible to the untrained eye. Electrical Wiring: Improper, rusted or other problems with a homes wiring can lead to serious dangers and expensive repairs. Because most of the wiring is covered, it takes a professional inspection to identify potential problems. Mold: Mold is a common problem and proper removal can be very expensive. Savvy sellers will often cover visible signs of mold with paint, carpeting or tile. They may also be unaware of mold lurking behind walls and cabinets. A trained home inspector can alert you to potential problems and allow you to request further inspections. Roofs: Depending on the type of roof on a house, it has to be replaced every 10-50 years. While it doesnt have to be done very often, it is a huge expense. And, an improperly replaced roof can lead to water damage, premature aging and other serious problems. Your home inspection will alert you to potential problems, such as damage from insects and other pests, and whether or not you will need to replace the roof in the near future. Because the roof isnt easily visible when you look at the home, the inspection may be the only chance you have to gather this information. Written by Dan Steward Dan Steward is President and CEO of Pillar To Post Professional Home Inspection,the largest home inspection company in North America with over 400 franchisees, in North America

The Bank of Canada today maintained its benchmark interest rate at one per cent, the same level it has been at for more than two years. The benchmark is the rate at which retail banks and other lenders set their borrowing rates for consumers. It marks the 18th consecutive policy meeting that the bank has opted to stand pat, but the first since Bank of Canada governor Mark Carney announced last week he will leave his post next year to head Englands central bank. Thats the lo...ngest stretch that Canadas monetary policy has gone unchanged since the 1950s. No change expected Tuesdays move was also in line with what economists were expecting, as Canadas economy continues to eke out sluggish growth not enough to warrant a rate hike to slow things down, but also not poor enough to require a rate cut to get things flowing again. The loonie rallied slightly on the announcement, gaining about a fifth of a cent to trade just above parity with the U.S. dollar, at 100.08 cents US. The banks statement Tuesday acknowledged the economy is weaker than it expected, but suggested it is mostly looking through the soft patch as a temporary aberration. Last week, Statistics Canada reported the countrys gross domestic product output had slowed to 0.6 per cent about half what the bank had predicted in October, and the weakest result in more than a year. "Although underlying momentum appears slightly softer than previously anticipated, the pace of economic growth is expected to pick up through 2013," the bank stated. BMO economist Doug Porter said he didnt expect the bank to do much, especially against the backdrop of ongoing fiscal cliff discussions in the U.S. "I think the bank is hedging their bets on the expected upturn of the Canadian economy," Porter explained. See more

It is a PERFECT time to get into the market if you have been thinking about buying a home!! Mortgage interest rates are at an all time low and housing prices have leveled off as well. A super soft market is a BUYERS market! Make the most of this perfect balance between low rates and affordable housing prices. Call me today to get started! 250-516-5262 or email at [email protected]