Blog by Real Estate Power Team

New Refinance Rule Clarification

February 2nd, 2011

Some of the most common questions I’ve been receiving since the mortgage rule change announcement have revolved around the 85% refinancing rule, specifically, what happens to those borrowers that purchased at 90, 95, or even 100% financing in the past few years. The prevailing thought was that these borrowers would be restricted to only renewing with their current lenders, opening up the oppo ...

Singles Real Estate Basics, Buying Your First Home Or Condo

October 23rd, 2009


Starts: Tuesday, October 27 2009 @ 6:00 PM
Ends: Tuesday, October 27 2009 @ 8:00 PM

Cost: $19.99 CAD + GST

Location: Ceilis Irish Pub, 670 Smithe Street
Vancouver, BC V6B 1E3

Spots taken: 15 -- Total Spots: 20   

Register and More Information: CLICK HERE

Looking to buy a home, but don’t know where to start? Join Meet Market Adventures and other first time home buyers for an interactive ...

2009 Georgia Straight Best of Vancouver

October 8th, 2009

Mike Rampf, Vancouver Realtor and David Watts, Vancouver Notary Public - 2009 Best of Vancouver

I had a great time attending the Georgia Straight 2009 Best of Vancouver breakfast. I was chosen 1st choice Best Lawyer/Notary to use for Buying/Selling Real Estate. Fellow Vancouver Home Power Team member; Vancouver Realtor Mike Rampf was chosen 1st choice for Best Realtor. Mike and I often work together for common clients; as well as Vancouver Home Power Team Mortgage Broker Nicole Turcott ...

Why Rent when you can Buy?

March 3rd, 2009

Now is the time to buy, not rent your home in Vancouver

2009 is a great year for first time home buyers. Rent on the West Side of Vancouver (Kitsilano and Fairview) is still high and prices to own are low- this is the time to own, not help your landlord pay off his/her mortgage. Please watch the video below and it will take you through the numbers and how much it costs to purchase real estate ...

RSP contribution vs. Mortgage lump sum

November 25th, 2008
RSP contribution vs. Mortgage lump sum

 

A question that I’m asked quite a lot is whether it is preferable to contribute to an RSP, or pay down the mortgage.

The general rule of thumb is that as the mortgage interest increases, or as the investment time horizon decreases, it becomes more attractive to prepay the mortgage.

 

There are normally 3 options that people see as alternatives:

 

Payin ...