The latest from the team at Patching Mortgage
What’s the optimal amortization rate?
When discussing mortgage options with my clients, many of them ask me what the best amortization rate is. I respond, “it depends” First off, one
What’s a gifted down payment?
A “Gifted” Down Payment has become very common for first time home buyers. A buyer’s family member will offer to provide a lump sum money to go
Power move for rental property financing
Are you looking to purchase rental properties? Historically, the minimum down payment was 20% and most often, it came from the buyer’s own resources, and could not be gifted. If
Canadians fearing the worst. Will we be like the US?
I’ve had many clients ask me, “how long will these low rates last, and will the banks substantially increase the rate, causing everyone to default,
Budgeting Towards Homeownership
Making the switch from renter to homeowner is one of those big decisions you make in your lifetime. It can be a stressful time if you don’t a build a budget plan or start saving prior to the
Top 10 Questions to speak with your Home Inspector about
Just recently I’ve had a couple clients go through the home inspection process, only to find out that the home that they were trying to
Start the car!!! Start the car!!!
Start the Car!!! Start the car!!! Haha, gets me every time. Well, as I’m sure many of you’re aware, Vancouver is one hell of an
MPP, is it for me?
So what is mortgage insurance? Mortgage insurance is a monthly payment that’s designed to pay off your mortgage if, god forbid, you get injured and
Let’s prepare you for a mortgage
Whether your purchasing your first home, or refinancing your existing mortgage there will be certain document that you will need to collect
Watch out for Collateral charges
Lets say that your mortgage is coming up for renewal. You speak with a mortgage professional and find out that you can secure a lower rate than
For first-time home buyers eyes only
First-Time Home Buyers (FTHB) Tax Credit The costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes, can be a
Buying a Condo? Here’s your guide to success
Condo 101 So lets start this article by defining what a condo is. A condo refers to a form of legal ownership, as opposed to a