The Mortgage Specialist-Vancouver

    My friend Rahim is a financial advisor and I think he would also do well as a professional debater. About a month ago, over a cup of coffee he was playing “devil’s advocate” and grilling me over the logic behind the concept of locking into a ten year mortgage today.  Rahim, I must [...]

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Hi, everybody. Aleem here from the Mortgage Center. Today I would like to address the questions surrounding what the banks are looking for when it comes to obtaining a mortgage if you are self-employed. The banks usually ask to see your notice of assessment to confirm that you are first filing your income taxes, and [...]

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Hi, Aleem here with the Mortgage Centre. I’d like to address something that has come up in my conversations with other experts in the industry, that being the topic of interest rates and their relationship with down payment. Although, it doesn’t make a whole lot of sense, what is happening is a lower down payment [...]

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Hi everyone,  Aleem here with the Mortgage Centre. Today i’d like to touch upon our current interest rates, and specifically why you get a different rate on a pre-approval than you would on a live deal. Increasingly popular with the lenders are specials called quick closes available to you if you are purchasing and have [...]

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Hey everybody, Today I’d like to discuss bi-weekly payments and how you can use them to help pay your mortgage down faster. This topic was inspired by a conversation I had with a client this past week, and I think that looking at a simple illustration will help understand the principles behind bi-weekly payment frequency. [...]

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This post was inspired by a conversation I had this week with a client that was referred over to me for a mortgage switch/transfer, which is typically a pretty simple and seemless transaction, with no legal fees or any additional expenses incurred on the part of the borrower….in most cases. Ergo, collateral charges. First of [...]

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Hello everyone, This post was inspired by a reader who left a comment on one of my previous blog posts, namely the post on “Who You Should Choose to Get Your Mortgage Through” where I shared a story of a loyal bank customer insting on obtaining a mortgage from his bank, when our recommendation was [...]

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If you bought or refinanced your mortgage in and around 2007, and took a 5 year fixed rate and have forgotten about your mortgage until now, then pay attention because your mortgage is likely up for renewal. Studies have been conducted and they indicate that less than a third of mortgage holders are actively trying [...]

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Nearly a year ago-back in April 2011- when the changes to mortgage policies were announced, many people were under the impression that this included the abolition of all 35 and 40 year amortizations. What many people do not realize is that in fact 35 and 40 year amortizations are still available to them, and the [...]

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**note**-i was visiting the site of a former grow-op in my neighbourhood and decided to film this video there. Please excuse the poor background and setting = A Popular question I’ve been fielding over the past little while, that I’d like to shed some more light on, is former marijuana grow ops in British Columbia-and [...]

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