While considering looking for a mortgage for your home, it is important to understand the differences between banks and mortgage brokers and what each can uniquely offer. While the majority home owners still use traditional banks for their mortgage needs, the use of brokers has been increasing.
Read MoreIn general, being self-employed can mean running your own business, work as a freelancer or on commission, have a professional career, run your own farm or any other such entrepreneurial vocations. With an increasing number of self-employed individuals, lenders are still figuring out how to make it easier for them to obtain a mortgage and get the best interest rates.
Read MoreThere are some good reasons why you want to refinance the mortgage on your new home. Perhaps you want to save more on your monthly expenditures and want a lower rate on your mortgage, or perhaps you want to pay off your mortgage quicker and want to change to shorter term, or maybe the you agreed to a bad mortgage loan and now you want to acquire better terms. Refinancing is the way to go if you have any of these issues in your existing mortgage.
Read MoreThe ever-changing landscape of the real estate industry makes it difficult to predict the future trend of the market. With fall 2018 coming in fast, we at Oceanvale would like to give you a brief idea on how the real estate market in Nanaimo looks like. Here’s what the market looks like so far..
Read MoreMoving from one lender to another can be a matter of savings, better terms and conditions, service and sometimes an even better mortgage experience. This is an opportunity for you to look back on your monthly mortgage payment and see if it still fits in with your lifestyle and financial situation for now and the estimated term of the next mortgage.
Read MoreWhat are private mortgages? Why do we as mortgage brokers provide you an option to pick Private Mortgage Investing? Private Mortgage Investing or Private Money Lending refers to a private individual providing a loan to another with real estate as collateral. Private mortgages are generally short termed and are interest only loans that can range in length, anywhere between 1 year to 3 years. These kinds of ‘interest only loans’ do not usually require homeowners to pay any principal on their mortgage down, but instead require interest payments each month.
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