Averbach Mortgages Blog

5 Great Reasons to Pre-qualify for a Mortgage

Dhale — Wed, 10 Mar 2010 21:59:48 +0000

A mortgage loan pre-qualification is the process of being pre-approved for a home mortgage loan BEFORE you make an offer to purchase. Here are three good reasons why you should pre-qualify BEFORE you start looking: 1. Getting pre-qualified lets you know what your top price is. You won’t waste your time looking outside of your range. 2. You [...]

Countdown to Rate Hikes?

Dhale — Thu, 04 Mar 2010 20:30:35 +0000

Messages from the Bank of Canada are often very vague … and the economic analysts pick through the statements and news releases trying to interpret what is really being said. In an article today from the Canwest News Service “Carney starts countdown to rate hikes“ the analysts were hard at it once again. The consensus seems to [...]

March Real Estate Market Update

Dhale — Mon, 01 Mar 2010 20:22:32 +0000

Here’s a market update from our friends at Macdonald Realty; Simon Clayton, Kristie Marsden, Jason Low, Sandra Ens, Jason Feinstadt and Jenny Stephanson. March Market Update As the Olympics wind down and the Paralympics start up, BC’s momentary pause from the world’s premiere sporting spectacle is being replaced by a relatively hot economy. According to the Conference [...]

Canada Changes The Rules on Mortgages

Dhale — Tue, 23 Feb 2010 03:16:40 +0000

On April 19 the Canadian Government will implement three major rule changes to hopefully circumvent a housing-price bubble and keep homeowners from becoming overextended. These new rules apply to government-backed, insured mortgages only. 1. 5-Year Fixed Qualification Rates Borrowers will now need to qualify using a 5-year fixed rate regardless of what term they choose. If you want [...]

Proud To Be a Canadian!

Dhale — Tue, 23 Feb 2010 02:32:35 +0000

I’ve tried not to get too caught up in the hoopla … but you know, THIS makes be proud to be a Canadian! Share and Enjoy:

Vancouver 2010 Games Fever!

Dhale — Mon, 22 Feb 2010 02:19:35 +0000

If you live in, or are visiting Vancouver it is hard to escape the “Games Fever.” There is activity where ever you go and excitement in the air! Here are a few fun and curious things we found while enjoying the craziness. You too might wonder WHY Ontario is giving away Vancouver Tap Water! Hmmmmm. Do you think [...]