In The News
Economy Snapshot by Rebecca Awram – March, 2021March 11, 2021 - 6:17 pmRATES This week I had a realtor ask me if I would work with her clients, they were eager to meet me, as long as I could match the “xxx%” that their Bank was offering them. Obviously if they were happy with their bank, the service, the strategy, the communication, the turnaround times and the […]
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Advice for Improving Credit Scores
/in Mortgage Broker Vancouver /by Rebecca AwramAnyone who has ever been granted credit will have a credit history. Your creditors send monthly updates to the credit bureau, and this data from your credit history and your ‘beacon’ score. It creates a permanent record regarding what you owe, what your minimum payments are and whether or not you pay your debts in […]
Closing costs on property purchase
/in Mortgage Broker Vancouver /by Rebecca AwramThe majority of home buyers, especially those purchasing for the first time, are surprised by all the items that require payment besides the down payment. It can be a bit of a shock! While a competent mortgage broker will review the closing costs with you in person, this list can also help you plan. Canadian lenders and […]
When to break your mortgage term
/in Mortgage Broker Vancouver /by Rebecca AwramA regular inquiry that I receive is from clients only part-way through their term that would like to take advantage of refinancing into a new term with a lower interest rate. Seems like a no-brainer, right? Not always! Almost all closed mortgage terms come with penalties to ‘break the contract’ and pay out early. The […]
Your Bank Mortgage: Is It Fair And Does It Suit Your Needs? – The Globe and Mail
/in Uncategorized /by Rebecca AwramYour bank mortgage: Is it fair and does it suit your needs? – The Globe and Mail With bank mortgage reps, there is no independent government watchdog that directly sets specific suitability and compensation disclosure rules, audits and monitors individual reps, and publicizes it when a bank rep breaks the rules. The banks themselves are […]
Rid yourself of high interest holiday debt
/in Mortgage Broker Vancouver /by Rebecca AwramPlan to minimize spending that’s racking up interest on credit cards/unsecured loans Many people suffer from post-New Year’s hangovers as their holiday spending account statement begin to arrive in their mail/inbox. This year start the year off with a plan to minimize your monthly expenses and your interest carrying costs by conducting a no-cost, no […]
WHAT IF A REAL ESTATE CRASH NEVER COMES? – Financial Post
/in Uncategorized /by Rebecca AwramCanada home prices: What if a real estate crash never comes? | Mortgages & Real Estate | Personal Finance | Financial Post The one thing missing from the market, for all those people looking for a crash, is a catalyst or an event that will force people to reduce their asking prices.
Buying A Rental Property? How The Financing Game Has Changed – The Globe and Mail
/in Uncategorized /by Rebecca AwramBuying a rental property? How the financing game has changed – The Globe and Mail Just four short years ago, you could buy an investment property with nothing down and get the best interest rates in the market.
IT’S NOT TOO LATE TO BUY CHEAP PROPERTY IN THE U.S. SUN BELT – Financial Post
/in Uncategorized /by Rebecca AwramFlorida real estate prices lure Canadians, remain 50% off peak | Mortgages & Real Estate | Personal Finance | Financial Post You’ve probably missed the bottom of the U.S. housing market, but the question for Canadians is whether it’s too late to jump in now.
5 Reasons Why TFSAs Are A Smart Retirement Investment – Yahoo Finance
/in Uncategorized /by Rebecca Awram5 reasons why TFSAs are a smart retirement investment – Yahoo! Finance Canada But be careful: While the rules governing TFSAs are simpler than those for RRSPs, there are still regulations around withdrawing and transferring funds that can snare the unwary. And there are penalties on excess contributions, too.
10 PRODUCTS THAT HAVE RIDICULOUS MARKUPS – Canadian Personal Finance
/in Uncategorized /by Rebecca Awram10 Products That Have Ridiculous Markups | Canadian Personal Finance The moral of the this little story is that you could be wasting a fortune by not buying generics or finding other alternatives.