In the ever-changing landscape of the Vancouver real estate market, understanding the nuances of mortgage renewal is vital. Welcome to Rowan Smith Mortgage Broker - City Wide Mortgage Services, your trusted partner in navigating the intricacies of mortgage renewal. With 21 years of experience in banking and brokering, Rowan and our dedicated team of business partners are here to guide you through this crucial aspect of homeownership. Discover everything you need to know about mortgage renewal in Vancouver, BC.

Finding the right mortgage can be daunting when you're on the path to homeownership. The choices can seem overwhelming, and you might wonder if there's a mortgage that truly fits your unique financial situation. That's where a mortgage broker, with a personalized approach can be your guiding light. In this blog, I'll delve into the benefits of working with a mortgage broker and how their personalized services can help you secure the ideal mortgage for your dream home.

Navigating the world of mortgages and debt consolidation can be tricky, and you may find yourself in a situation where you need help. However, having the correct information and guidance can make things considerably easier.

Today more than ever, we worry about rising interest rates. The Bank of Canada has increased the overnight rate several times starting in March 2022. They started at 2.45% and have increased them FAST to 5.45% in a relatively short period of time. During this time, they continue to say that they must keep doing this as inflation (including houses) is still red hot.

Mortgage brokers assist clients with home purchases, mortgage approvals, renewals and refinancing. With their expertise, they help you deal with complex transactions.

You may be surprised if you’re wondering whether you can use your home equity to pay taxes. The answer is yes, you can. If you have good credit and some equity in your home, then you can use that to pay back your taxes. However, doing so is no easy task, and if you are not aware of the procedure, you will probably encounter multiple problems.

If you’re in the process of buying a house, chances are that you’re looking for a mortgage product to match your financial situation and requirements. However, during this process, many people end up falling for the number of misconceptions and myths about mortgage brokers, causing them to question the need to hire a broker for assistance.

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.

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: 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: Better Dwelling, https://betterdwelling.com/

Article Written By: NA

Original Article Posted on: 4th March 2021

Link to Original Article: https://betterdwelling.com/canadians-now-pump-more-into-residential-real-estate-than-business-development/

Original Article Source Credits:   Edmonton Journal , https://edmontonjournal.com/

Article Written By:  Dennis Faulkner

Original Article Posted on:  Feb 05, 2021

Link to Original Article:  https://edmontonjournal.com/life/homes/why-is-real-estate-booming-when-other-parts-of-albertas-economy-are-struggling

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