18 Sep

7 Questions to Help You Decide if You Should Pursue a HELOC, Refinance or Second Mortgage

Mortgage Tips

Posted by: Lynn Nequest

7 Questions to Help You Decide if You Should Pursue a HELOC, Refinance or Second MortgageHELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many consumers can be a difficult decision on which one to select. We have laid out seven questions to guide you through the decision, for your unique situation. We’ve also broken this down into three categories, Equity, Payment and Availability.
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12 Sep

Keeping Your Credit Score Healthy

Mortgage Tips

Posted by: Lynn Nequest

 

Keeping Your Credit Score HealthyThere is a lot of mis-information floating around about credit bureaus, credit reports and credit scores – not only that, but a large amount of the clients I work with have never even seen their credit report or score before!

I’d like to shed a bit of light, as they say, on the importance of your credit score and what does (and does not) affect this ever-changing number.

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10 Sep

Subject Free Offers; Still Risky!

Mortgage Tips

Posted by: Lynn Nequest

Subject Free Offers; Still Risky!The majority of my clients have stellar qualifications: established careers and businesses, excellent credit ratings, solid down payment funds, etc. They are truly awesome individuals who will almost certainly receive mortgage financing without a hitch.

Almost certainly.

With multiple offers, bidding wars, and over-asking-price bids now common as far afield from Vancouver proper as Port Coquitlam and beyond, clients find themselves, in the heat of the experience, contemplating a subject-free offer.

But there’s often an unanticipated hitch: the property itself.

A client would be hard pressed to find a Realtor to write an offer without a ‘subject to inspection‘clause, and for good reason. Similarly, a client should be hard pressed to find a Mortgage Broker advising an offer without a ‘subject to financing‘ clause.

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5 Sep

Bridge Loans

Mortgage Tips

Posted by: Lynn Nequest

Bridge LoansIf you have ever sold your home in order to help with the purchase of your next home, chances are you have heard of bridge financing.

Bridge financing is an option available to homeowners if they find themselves in a little bit of a pinch when it comes to two different completion dates.

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