Whether you’re considering buying or building a home, starting a new business, or putting together money to consolidate a previous debt, a mortgage is one of the most cost-effective ways to raise the necessary amount. However, while mortgages are advantageous, availing of them can be challenging depending on your credit history, employment status, and other factors. This can often lead to unnecessary stress and roadblocks.

Rowan Smith Mortgage Broker - City Wide Mortgage Services wishes you and your family a wonderful Holiday Season and a happy, healthy, and peaceful New Year 2022!

A mortgage is one of the most significant investments that most people will make in their lifetime. Therefore, to ensure home seekers can afford to take on the massive debt, a stress test was introduced in 2018, which shook up the industry.

I’m Rowan Smith, a mortgage broker in Vancouver, BC, with twenty-one years of banking and broking experience. I co-own City Wide Mortgage Services with my three business partners, and take care of mortgage services and private lending.

I’m Rowan Smith, a mortgage broker at City Wide Mortgage Services, and I understand that closing the deal on a house can be quite a challenge. However, closing is the final and likely most crucial stage of your home buying journey, so being prepared can help you keep the process moving forward so you can get into your dream home quickly and easily.

Completing a pre-approval, finding a mortgage lender, and navigating through the terms and conditions can be made easier with the help of an experienced mortgage broker. However, when it comes to securing a mortgage, clients have a ton of questions regarding the process but often find answers difficult to come by.

Original Article Source Credits:   Yahoo News , https://ca.news.yahoo.com/

Article Written By:  NA

Original Article Posted on:  June 2, 2021

Link to Original Article:  https://ca.news.yahoo.com/tougher-stress-test-makes-harder-025943912.html

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Nicole Gibillini 

Original Article Posted on:   June 1, 2021

Link to Original Article:  https://globalnews.ca/news/7908024/new-mortgage-stress-test-rules-june-1-explainer/

Original Article Source Credits:   CTV News , https://bc.ctvnews.ca/

Article Written By:  Alyse Kotyk

Original Article Posted on:  April 20, 2021

Link to Original Article:  https://bc.ctvnews.ca/no-rental-subsidy-but-rent-freeze-continues-in-b-c-budget-2021-1.5395229

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  APRIL 27, 2021

Link to Original Article:  https://betterdwelling.com/canadian-real-estate-sales-are-forecast-to-slow-and-its-going-to-drag-the-economy/

Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/ 

Article Written By:  Ross Taylor

Original Article Posted on:  April 27, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/04/a-pre-approval-does-not-guarantee-a-mortgage-approval/

First-time home buyers often get their information second-hand from those who have already been in their shoes. Unfortunately, recycled information might not always work for you as everyone’s situation is different. When it comes to getting a mortgage, there is no room for error. Before you start doing paperwork, take some time to separate fact from fiction so that you get the terms you expect from your mortgage. To help you steer clear of misconceptions that could prove to be costly, Rowan Smith Mortgage Broker - City Wide Mortgage Services has debunked some of the most widely believed myths about mortgages.  

Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:  Fergal McAlinden

Original Article Posted on:   05 Apr 2021

Link to Original Article:  https://www.mortgagebrokernews.ca/news/alternative-lending/what-impact-has-the-pandemic-had-on-alternative-lending-354601.aspx

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Andrew Button 

Original Article Posted on:  April 5, 2021 

Link to Original Article:  https://www.fool.ca/2021/04/05/bank-of-canada-canadians-are-piling-on-debt-to-chase-soaring-house-prices/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  APRIL 3, 2021

Link to Original Article:  https://betterdwelling.com/canadian-estate-prices-are-the-most-overvalued-in-the-g7-shows-another-indicator

Whether you want to buy a house, rental property, or a vacation home, having the necessary mortgage financing can get you a step closer to your dream. However, with the volatile state of the housing industry, it can be difficult to keep up with the market trends and find suitable financial options. Moreover, you may fail to understand how mortgages work and their complex rules and regulations, resulting in higher interest rates or rejection of your mortgage application. To help you avoid some basic errors that could prove to be costly, Rowan Smith Mortgage Broker at City Wide Mortgage Services has put together a list of the most common mistakes people make when applying for a mortgage.

Original Article Source Credits:   MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/

Article Written By:   Ephraim Vecina 

Original Article Posted on:  06 Apr 2021

Link to Original Article:  https://www.mortgagebrokernews.ca/news/whats-happening-in-the-vancouver-housing-market-354651.aspx

Original Article Source Credits: Canadian Mortgage Trends, https://www.canadianmortgagetrends.com/

Article Written By: Steve Huebl

Original Article Posted on: 26th February 2021

Link to Original Article: https://www.canadianmortgagetrends.com/2021/02/latest-in-mortgage-news-boc-sees-early-signs-of-housing-overheating-but-will-keep-rates-low-for-now/

Original Article Source Credits: CTV News, https://bc.ctvnews.ca/

Article Written By: Tara Deschamps

Original Article Posted on: 3rd March 2021

Link to Original Article: https://bc.ctvnews.ca/vancouver-real-estate-home-sales-up-73-year-over-year-market-shifting-in-favour-of-sellers-1.5330146

Original Article Source Credits: Vancouver Sun, https://vancouversun.com/

Article Written By: Lori Culbert, Dan Fumano

Original Article Posted on: 4th March 2021

Link to Original Article: https://vancouversun.com/business/real-estate/condo-insurance-crisis-continues-in-2021-but-faint-signs-of-hope-for-unit-owners