by Nick Bachusky | Apr 27, 2015 | First Time Homebuying, Mortgage Trends, Uncategorized
The short answer is it usually is the larger of the Interest Rate Differential (IRD) or 3 months interest for a fixed rate mortgage and just the 3 months interest for a closed variable rate mortgages. According to the mortgage brokers sunshine coast, every lender...
by Nick Bachusky | Apr 23, 2015 | First Time Homebuying, Mortgage Trends
I was recently asked this question and it is a good one for sure. Working with The Mortgage Advisors and with the Verico back end allows me the capability of working with a very large number of lenders. Why is this a good thing? Well, all lenders have different rules...
by Nick Bachusky | Apr 3, 2015 | CMHC, First Time Homebuying
As of June 1, 2015, CMHC is increasing the Mortgage Insurance Default premium percentage for potential homeowners with less than 10% down payment from 3.15% of the mortgage amount to 3.6% of the mortgage amount. If you get your commitment to me or the lender before...
by Nick Bachusky | Mar 25, 2015 | First Time Homebuying, Taxes
This is important information that I want my clients and other clients that maybe were not reminded by their bank! A friendly reminder before you finish your taxes for 2014 and if you bought a home in 2014 to claim your $750 rebate. The HBTC assists first-time home...
by Nick Bachusky | Jan 27, 2015 | Closing Costs, First Time Homebuying
When I first started doing mortgages at the bank I knew maybe 5% of the knowledge I know now. We were never trained to fully invest ourselves in learning everything about such an important matter. The main thing we had to do was get the pre-approval done no...
by Nick Bachusky | Jan 27, 2015 | First Time Homebuying, Mortgage Trends
A realtor in Calgary asked 34 of the top mortgage experts what their best mortgage tips were. I am honoured to be included in this list of amazing tips. This is an excellent document that I highly recommend you read because it might answer some questions you have yet...
