The latest from the team at Patching Mortgage
Federal RRSP First-Time Home Buyers’ program
Here is everything you need to know about The Home Buyers’ Plan (HBP) program. Defined: The Home Buyers Plan is a program that allows
Do you know what you can afford to buy?
The first step in the home buying process should be discovering your budget, although most of the times it’s not. The want most likely comes before
Whats the difference?
I’m consistently being asked, what’s the difference between…? So, I’m going to explain to you the difference between mortgage terms that are usually misunderstood. Hopefully,
election affecting your TFSA contribution
Currently their is no deadline for making TFSA contributions, but with the upcoming election, both the NDP and Liberal party have hinted at reducing the
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