The latest from the team at Patching Mortgage
Bank of Canada Rate Increase
The Bank of Canada has increased the overnight rate from 1.0% to 1.50% which will adjust the Bank of Canada lending rate from 3.20% to
Top 5 things you’re going to need to know about Gift Letters
You’re looking to purchase a property and your parents have graciously offered to help you with the down payment. Here’s what you need to know
Subject Free Offers and what you should know
What is a subject free offer? A subject-free offer is a bid (on a home) provided by the buyer that is unconditional once the seller
Be prepared for Closing Costs
The terms below are costs that apply to mortgage and property purchase transactions. Note that not all costs apply in all circumstances, but are listed here for
Rate Predictions for 2022
A news article recently came out where a Scotiabank economist said that we could see the Prime rate jump 8 times by the end of 2023. This,
Co-Signer or a Guarantor, and why you should know the difference.
It happens more often than you’d think, especially here in BC. With the average person’s income being less than $50,000/yr and the average home price