As experts in our industry, we dissect every client's file to see what challenges could arise before sending it to a lender for financing. While the bank still serves as an institution of influence, how well does your bank mortgage specialist know your file?
Every year, Mortgage Alliance recognizes their top performing mortgage agents from across the country by hosting a Rewards & Recognition trip. On this week's special edition of The VINE Rant filmed at the Paradisus in Cabo San Lucas, Mexico, we took a moment to discuss our individual transitions into mortgage brokering and being self-employed individuals.
Recently we’ve encountered many clients who’ve come to us with “pre-approval” letters from their bank stating what they can quality for and the rate available to them. While this is great way for the bank to secure a deal, the reality is that documentation is not always collected up front so the client isn’t getting a true picture what they actually quality for.
Have you ever thought of building a secondary suite to earn an additional income?
Andy Tran, Consultant and Educator from Suite Additions give us some insight on best practices and benefits on this growing trend for homeowners.
Whether you are buying, selling or investing in your first rental property, the Toronto real estate market is still growing - but with limited supply to meet the demand. Edward Zhang from Volition Investment Properties sheds some light on turn-key investment properties, market trends, and why investors shouldn't always focus on cash-flow.
While qualifying for a low-interest rate helps you save money and pay back your debt faster, the products associated with a lower rate may not be the best fit for your current situation. Knowing your main objective and asking the right questions are essential when having a conversation about rates with your mortgage professional.
Continuing our discussion on private lending with Joseph Fooks and Lawrence Schwartz from JV Capital, they explain how technology has helped them eliminate the process of manually underwriting commitments to provide investors and mortgage professionals with more efficient service.
On December 18th, 2018, the Bank of Canada's 5-Year Benchmark Bond Yield broke a threshold point of just under 2%. As mortgage rates are backed by bond yields, we asked ourselves why is this happening and what does this mean for the average Canadian consumer heading into 2019.
With an increasing number of home buyers looking to private investors to help fund their mortgage, Joseph Fooks and Lawrence Schwartz from JV Capital join us for this two-part Rant to discuss the advantages and disadvantages of private equity.
With the recent news of GM closing its plant in Oshawa, Ontario, we wanted to discuss some alternate solutions for client's who's mortgage financing is possibly in jeopardy when they lose their job or are downsized.
One of the biggest struggles we deal with on a regular basis is over conditioning from lenders. Vine Group's Team Lead for Alberta, Kim Nguyen joins us to share her thoughts on the current lending environment in Alberta.
Following last week’s passionate conversation surrounding the future of mortgage lending, we brought in Vine Group’s Regional Director & Mortgage Broker, Shannon Patterson to weigh in on the subject and how our careers as brokers may be affected.
The future of financing is hard to predict. The mortgage lending industry is becoming much more automated, so we took a look at how this could affect qualifying through online applications and in turn, affect us as agents.
When buying a new or pre-construction, it's very common to think this is a "guaranteed win". Many clients don't take into consideration the risk and lifestyle changes that could occur in the 2-5 years it takes to construct a new development.
Welcome to the first episode of The VINE Rant! With the Bank of Canada (BoC) raising the benchmark rate for the fourth time in the last 12 months, on this episode VINE Group Partners David Goncalves and Hugo Dos Reis, along with VINE Group Agent, Jason John discuss client concerns on the rate hike; how to plan for future increases and pre-approvals due diligence before you put in an offer.
Matthew Lee, Founder & Head of Business Development from Volition Investment Properties joins us on this week's panel to discuss cash flowing investment properties, tenants, purchase plus investments, equity and what the future holds for millennial purchasers.