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.
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How This New Mortgage Rule Could Affect You
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How Rowan Smith Mortgage Broker – City Wide Mortgage Services Helped A Self-Employed Client Obtain A Mortgage
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.
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The Ultimate Checklist Before Closing On Your Home Purchase
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.
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Frequently Asked Questions About Working With A Mortgage Broker
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.
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Busted! Don’t Believe These Mortgage Myths!
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.
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Bank of Canada: Canadians Are Piling on Debt to Chase Soaring House Prices
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/
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Common Mistakes People Make When Applying For A Mortgage
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.
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What's happening in the Vancouver housing market?
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
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Latest in Mortgage News: BoC Sees Early Signs of Housing Overheating, but Will Keep Rates Low for Now
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/
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Vancouver real estate: Home sales up 73% year-over-year, market shifting in favour of sellers
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
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B.C. condo insurance crisis continues in 2021, but faint signs of hope for unit owners
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
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Canadians Now Pump More Into Residential Real Estate Than Business Development
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/
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Why is real estate booming when other parts of Alberta's economy are struggling?
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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Could Mortgage Rates Start to Rise Sooner than Expected?
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: February 2, 2021
Link to Original Article: https://www.canadianmortgagetrends.com/2021/02/could-mortgage-rates-start-to-rise-sooner-than-expected/
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Announcing The New Website
We are delighted to announce the launch of our new website!
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New website under construction
New Website Coming Soon!
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