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.

When it comes to one of your life's most significant financial decisions—buying a home—making informed choices can save you both time and money. As an experienced mortgage broker with over two decades of expertise, I understand that navigating the complex world of mortgages can be overwhelming. In this blog, I'll shed light on why using a mortgage broker, particularly one with specialized knowledge like myself, can be a game-changer in your home-buying journey.

If you are rate shopping, you’ll notice that the lowest available rate will be for a variable mortgage. Which is why I am often asked: “What does variable mean, and how is it different from a fixed-rate mortgage?”

DIY or do-it-yourself activities are a great test of creativity and an excellent opportunity to overcome economic constraints. They can also be a therapeutic or fun leisure activity. However, as the DIY craze catches on and with more information about different tasks and jobs readily available on the internet, many believe almost any project can be completed swiftly as a DIY, even applying for and successfully getting a mortgage.

It’s official! Interest rates are steadily rising, which could eventually cool down home prices as people’s purchasing power erodes. However, for now, it’s created uncertainty and affected the Stress Test significantly.

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, the proud owner of Rowan Smith Mortgage Broker - City Wide Mortgage Services. I look forward to sharing my story. I hope that you will enjoy getting to know me better.

I’m Rowan Smith, a Mortgage Broker, attached to City Wide Mortgage Services. I have over twenty-one years of banking and brokering experience, which helps me offer effective lending solutions to my clients.

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.

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.

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.

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: 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

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-17

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html

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